Highland Solar Ramps Up to 150kW of Sales in June
07 Julho 2010 - 9:45AM
Highland Solar, the exclusive Canadian distributor for Westinghouse
Solar, today announced it has sold 150kW of solar panels in June
alone now that the Ontario Power Authority has steadily increased
its pace in approving applications for its Feed-In Tariff ("FIT")
program.
Solar power systems from Westinghouse Solar - a new company
formed through a partnership between Akeena Solar (Nasdaq:AKNS) and
Westinghouse Electric Corporation - are proving to be one of the
most sought after panels for Ontario homeowners.
"Solar power is providing homeowners with a secure investment in
their future both from a financial and environmental perspective,"
said Highland Solar President, Sean McCrae. "Westinghouse
Solar Power Systems make it easy for homeowners to go solar by
offering the reliable, high performance technology they want from a
company they know and trust."
Ontario's Power Authority (OPA) recently launched a Feed-in
Tariff Program to create incentives for renewable energy in
Ontario. With this program, the OPA is working to encourage
the development of clean energy projects under 10kW across the
province. Owners of these projects will be paid a fixed price
for the electricity they produce over the 20 year term of the
contract. This fixed price, currently at $0.802 per kWh, is
set at a level intended to enable project owners to recover the
costs of the projects with a reasonable rate of return.
"Canada's commitment to solar, particularly through Ontario's
clean energy incentive program, is creating a strong market for
solar," said Barry Cinnamon, Westinghouse Solar CEO. "Through
our distribution agreement with Highland Solar, our reliable,
high-performance Westinghouse Solar Power Systems give Ontario
homeowners the opportunity to take control of their electrical
bills."
The technology within the Westinghouse Solar Power System has
been widely recognized for its performance and reliability
including being named a Popular Mechanics Breakthrough Product of
the year. The panels are available for purchase in the United
States through Westinghouse Solar, Westinghouse Solar's Authorized
Dealer network, or in select Lowe's home improvement stores.
For more information, visit www.WestinghouseSolar.com.
Highland Solar operates a training facility and has provided
solar installation training to more than 250 certified installers
across Ontario, Canada to date. Westinghouse Solar Authorized
Dealers in Ontario can offer homeowners a return on investment of 8
- 12% or the option of "no money down." Highland Solar is
also the licensed manufacturer of Westinghouse Solar's mounting
system and produces these components in Ontario, qualifying this
system for the Ontario FIT program. For more information on
Highland Solar, visit http: www.highlandsolar.ca. About
Akeena Solar
Founded in 2001, Akeena Solar's philosophy is simple: we believe
producing clean electricity directly from the sun is the right
thing to do for our environment and economy. Akeena Solar has
grown to become one of the nation's leading installers and
manufacturers of solar power systems. Akeena Solar's award
winning solar panels are now being sold under the Westinghouse
Solar brand. Westinghouse Solar Power Systems are safer, more
powerful and more reliable than any others, while backed by the
proven quality of the Westinghouse name. For more information
on Akeena Solar, visit www.akeena.com. For more information
on Westinghouse Solar, visit www.westinghousesolar.com.
The Akeena Solar, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5143
The Westinghouse Solar logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7708
About Highland Solar
Highland Solar, a division of Highland Logic Inc. is the
exclusive distributor of Westinghouse Solar in Canada.
Highland Solar is also the licensed manufacturer of Westinghouse
Solar's mounting system. They are based in the Greater
Toronto Area and have warehousing and distribution capability
across Canada. Highland Solar does not install systems nor
sell directly to the public. Solar installers and dealers
interested in their products may sign up as Partners at
www.highlandsolar.ca.
AKNS-G
Safe Harbor
Statements made in this release that are not historical in
nature, including those related to revenue and profitability and
product offerings in future periods, constitute forward-looking
statements within the meaning of the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by the use of words
such as "expects," "projects," "plans," "will," "may,"
"anticipates," "believes," "should," "intends," "estimates," and
other words of similar meaning. These statements are subject
to risks and uncertainties that cannot be predicted or quantified,
and our actual results may differ materially from those expressed
or implied by such forward-looking statements. Such risks and
uncertainties include, without limitation, risks associated with
the uncertainty of future financial results, additional financing
requirements, development of new products, the effectiveness,
profitability, and marketability of such products, the ability to
protect proprietary information, the impact of current, pending, or
future legislation and regulation on the industry, the impact of
competitive products or pricing, technological changes, the ability
to identify and successfully acquire, integrate and manage client
accounts and locations and deliver our services to customers of
businesses and accounts acquired from third parties, and the effect
of general economic and business conditions. All
forward-looking statements included in this release are made as of
the date of this press release, and Akeena Solar assumes no
obligation to update any such forward-looking statements.
CONTACT: Highland Solar
Sean McCrae
(416) 619-0112
smccrae@highlandsolar.ca
Akeena Solar, Inc.
Carmichael Lynch Spong Public Relations
Brad Ferris
(212) 414-7032
Brad.Ferris@clynch.com
Akeena Solar (MM) (NASDAQ:AKNS)
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