StockGuru News: Open Energy Corporation Acquires WaterEye And Its Proprietary Remote Water Monitoring Systems; Company Plans to Demonstrate First Commercial Suncone Desalination Product in the First Quarter of 2007
Open Energy Corporation Acquires WaterEye And Its Proprietary Remote Water Monitoring Systems Open Energy Corporation (OTCBB: OEGY) Company Plans to Demonstrate First Commercial Suncone Desalination Product in the First Quarter of 2007 SOLANA BEACH, Calif.–(BUSINESS WIRE)–Open Energy Corporation (OTC BB: OEGY - News), a renewable energy company focused on the development of solar technologies that produce renewable energy, fresh water and related resources, today signed a definitive agreement to acquire privately-held WaterEye Corporation in an all stock transaction worth approximately $3 million. David Saltman, President and CEO of Open Energy Corporation, stated: “This is a strategic acquisition for our company.…