• Enterprise class system will support clients throughout Japan
SOLANA BEACH, CA, May 24, 2007 -- Open Energy Corp. today announced that its wholly owned subsidiary, WaterEye, has successfully completed the installation of its enterprise class monitoring system for Kobelco, an leading environmental solutions provider in Japan. Under the terms of the agreement Kobelco has licensed WaterEye's software for use throughout Japan. Kobelco, under separate terms, will contract with WaterEye for software support and maintenance services.
Tom Wolfe, SVP of Engineering & Development for Open Energy and founder of WaterEye, stated, "We are extremely pleased to be working with Kobelco Eco-Maintenance and look forward to a long and mutually beneficial association. Under the terms of the license with Kobelco, they will use WaterEye software, localized in the Japanese language, to monitor and display operating parameters at Kobelco's water and wastewater treatment and processing systems throughout Japan. Kobelco's servers will collect and analyze data, generating reports and alarms for Kobelco operators and clients."
David Saltman, CEO of Open Energy, added, "WaterEye is gaining significant traction in the industry and our relationship with Kobelco demonstrates the international opportunities that exist for the system. The secure, real-time monitoring of water and wastewater treatment facilities is of significant importance to industry, to local municipalities and, potentially, to national security. Keeping our drinking water safe should be a national priority, and we believe we can contribute to this initiative."
Open Energy Corporation (OTCBB: OEGY) is a renewable energy company focused on the development and commercialization of a portfolio of technologies capable of delivering low-risk, cost-competitive electricity, fresh water and related commodities on a global basis.
Kobelco Eco-Maintenance, a subsidiary of Kobelco Eco-Solutions, has been established as a maintenance company of the equipments installed by the parent company. The parent company, Kobelco Eco-Solutions Co., Ltd., was formed in 2003 as an integrated entity for general environmental solutions, consolidating the Environmental Business Division of Kobe Steel, Ltd. and Shinko Pantec Co., Ltd. Kobe's Environmental Business Division has a proven base in sewage systems and municipal waste incineration facilities, while Shinko Pantec is a well established manufacturer of large-scale environmental equipment mainly for use in water treatment facilities.
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