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Based in Southfield, Michigan, with significant operations in Fort Worth, Texas, Origen is a national consumer manufactured housing lender and servicer

OpenPages, the leading provider of enterprise governance, risk and compliance management (GRCM) solutions, today announced that Origen Financial, Inc. (NASDAQ: ORGN) has selected OpenPages FCM for its Sarbanes-Oxley compliance initiatives. OpenPages FCM will allow Origen Financial to automate the ongoing test and review of its internal controls documentation in order to reduce the time and resource costs associated with Section 404 and 302 compliance.

Based in Southfield, Michigan, with significant operations in Fort Worth, Texas, Origen is a national consumer manufactured housing lender and servicer. It offers a complete line of home-only products and land home conforming and non-conforming products. Origen also provides servicing for manufactured home only and land home loans.

"We were impressed by OpenPages' strong domain expertise in the areas of governance, risk and compliance," said Jim Walker, director of internal audit, Origen Financial, Inc. "With OpenPages FCM, we have found a flexible, easy-to-use, configurable solution that will minimize the need for customization and reduce consulting costs. Our business units will find it very user-friendly. We look forward to working with OpenPages to establish a solid, sustainable foundation for compliance across our entire organization."

OpenPages FCM is an enterprise financial controls management solution that reduces the time and resource costs associated with ongoing compliance with financial reporting regulations. Available in six languages, OpenPages FCM combines powerful document management, business process management and flexible reporting capabilities in an extremely easy-to-use environment that enables an organization to document financial controls and automate the ongoing test and review process. Completely web-based, OpenPages FCM maximizes end-user participation with little training. Its dashboards can be used by project managers, documentation team members, internal auditors and external auditors to plan, document and test the internal controls framework of the company, and to attest to the financial statements.

About OpenPages

OpenPages is the leading provider of governance, risk and compliance management software solutions. The company's solutions provide the visibility, decision support and control to improve accountability, better manage risk, achieve compliance with numerous regulations, improve operational performance and align strategies to ensure better results.

Market-leading corporations in financial services, manufacturing, telecommunications, media/entertainment, retail/consumer, energy, high technology, health services and life sciences rely on OpenPages to help them achieve sustainable governance, risk and compliance management -- enabling them to become well-governed businesses. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Hong Kong, Japan, France and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of business governance software solutions or to register for an online demonstration, please call 781-693-5999 or visit www.openpages.com.

OpenPages is a trademark of OpenPages, Inc. All other trademarks contained herein are the property of their respective owners.



Orion's Apollo(R) solar light pipe system harvests daylight and directs it to the work area of a facility using no electricity

Orion Energy Systems Inc. (Nasdaq:OESX) on Dec. 29 was awarded a utility patent from the U.S. Patent and Trademark office for the company's direct renewable Apollo(R) solar light pipe system. A utility patent protects the way a product is used and works.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6964

Orion's Apollo(R) solar light pipe system harvests daylight and directs it to the work area of a facility using no electricity. When the Apollo(R) is integrated with Orion's intelligent control system and ambient light sensors, and the illumination levels from the light pipe reach a desired set point, the electrical lights automatically shut down, all or in part, until needed again. The Apollo(R) can also be easily integrated into other existing lighting systems.

"Our Apollo(R) solar light pipe is designed to provide maximum daylight inside a facility without using electricity during peak hours, saving our customers money and reducing pressure on the grid," said Orion CEO Neal Verfuerth. "During our fiscal second quarter, we shipped 1,300 light pipes, more than doubling our fiscal first quarter shipments.

"This patent validates our leadership position in the direct renewable solar industry and recognizes the unique benefits of the Apollo(R) technology over other devices available on the market," said Verfuerth.

Apollo(R) solar light pipe systems have been successfully installed in facilities for companies like Polo-Ralph Lauren, Sysco Foods and Apple. A Coca-Cola facility in Milwaukee, Wis., reported the light pipes provide sufficient, natural daylight for up to 10 hours a day.

In third party tests, the commercial grade Apollo(R) solar light pipe was proven to withstand harsh weather conditions, and has been impact-tested to four times the force of golf ball size hail.

The seamless, one-piece spun aluminum roof flashing allows for weatherproofing installation to the facility, regardless of roof material. Because it's constructed with aluminum, the light pipe resists corrosion, rust and condensation.

In 2008, the Apollo(R) solar light pipe was awarded the prestigious Platts Global Energy Award for the single most innovative and sustainable technology of the year and the Plant Engineering Product of the Year Grand Award.

The patent marks the 26th for Orion, which also has 22 patents pending.

Orion has deployed its energy management systems in 5,082 facilities across North America, including 120 of the Fortune 500 companies. Since 2001, Orion technology has displaced more than 477 megawatts, saving customers more than $710 million and reducing indirect carbon dioxide emissions by 6.1 million tons.

Orion Energy Systems Inc. (Nasdaq:OESX) is a leading power technology enterprise that designs, manufactures and implements energy management systems, consisting primarily of high-performance, energy-efficient lighting platforms, intelligent wireless control systems and direct renewable solar technology for commercial and industrial customers without compromising their operations. For more information, visit www.oesx.com.

The Orion Energy Systems, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4540

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

CONTACT: Orion Energy Systems Inc.

Media Contact

Linda Diedrich, Director Corporate Communications

(920) 482-1988

ljd@oes1.com

Did You Know?
  • Boeing estimates that of its 2,293 employees who earned a degree in 2005 while on the job, 40 percent completed their course work online.
  • In 2000, the Current Population Survey reported the following educational attainment levels of the foreign-born population, as compared to the native population: 33.0% not high school graduates, compared to 13.4%; 25.% were high school graduates, compared to 34.3%; 16.2% had some college education (less than a bachelor's degree), compared to 26.7%; 25.8% had a bachelor's degree or more, compared to 25.6%. (Profile of the Foreign-Born Population in the United States: 2000
  • $55,987 is the average starting salary offered to bachelor’s degree candidates in petroleum engineering, among the highest of any field of study. At the other end of the spectrum were those majoring in the social sciences; they were offered an average of $29,098.
  • Distance learners in virtual classrooms spend about 50 percent more time collaborating with each other than students in a traditional classroom , which reinforces the learning environment.