UL Safety approval significantly increases OEC’s addressable market space SOLANA BEACH, Calif.--(BUSINESS WIRE)--Open Energy Corporation (OTC BB: OEGY), a renewable energy company focused on the development and distribution of solar energy solutions, today announced that its SolarSave® PV Membrane product has received Underwriter’s Laboratory (UL) approval to incorporate material from Seaman Corporation (FiberTite), Duro-Last and IB Roof Systems. SolarSave® Membranes are now approved with a Class A fire rating for roofs from flat to 2:12 slope for all UL listed roofing applications for these membranes. “By receiving UL approval for our SolarSave® Membranes on these additional substrates, we have significantly expanded Open Energy’s potential applications in the commercial and industrial low slope roofing market,” commented Don Rogers, Executive Vice President of Open Energy. “This is a very important advancement for Open Energy and we look forward to successful partnerships with Seaman, DuroLast and IB Roof Systems in the manufacturing and distribution of this innovative renewable energy product.” Open Energy is the first and only provider of solar technology that integrates with each of these major roofing material manufacturers. SolarSave® PV Membranes had previously been available on Cooley single ply membranes, but has a backlog of orders for its products on FiberTite and IB Roof Systems materials, which are scheduled to ship in the next several months. Open Energy’s SolarSave® Roofing Membranes are a building-integrated solar roofing system created for both new construction and re-roofing projects on commercial, industrial and residential buildings with flat to low sloped roofs. SolarSave® membranes encapsulate crystalline solar cells in high-performance composite materials laminated under vacuum pressure to create lightweight, waterproof, fire rated and aesthetically pleasing solar applications.
