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05/21/2010 10:26 AM     print story email story  

Akeena Solar Moves Under Westinghouse Name News

Akeena Solar (Nasdaq:AKNS), an installer and manufacturer of modular solar panels, has entered into an exclusive worldwide agreement to manufacture, distribute, market and install its solar panels under the Westinghouse name.

Akeena Solar said as solar purchasers move from early adopters to mainstream consumers, a lack of brand recognition will discourage buyers. This agreement is meant to address that issue.

Akeena's subsidiary Andalay Solar will be renamed Westinghouse Solar. This Westinghouse Solar subsidiary will manage the design, manufacturing and distribution of Akeena's AC solar panels. Akeena Solar, the California-based parent company and its authorized dealers, including Lowe's Home Improvement stores (NYSE: LOW), will have the exclusive rights to install Westinghouse Solar panels.

The Andalay solar panel is unique, in that it is designed for simple installation--with microinverters and mountings contained in a single unit, providing plug-in AC power. Akeena says the panels produce up to 25% more energy than ordinary direct-current (DC) panels, and reduce the parts count by 80%.The company recently began selling the panels at Lowe's stores in California for homeowners who want to tackle do-it-yourself solar projects.

Westinghouse-branded solar panels will begin shipping to customers in the US and Canada later this summer.

"Since the beginning, we've worked consistently to make solar more mainstream," said Barry Cinnamon, CEO of Akeena Solar. "We began as a rooftop installer. We then designed our own easy-to-install solar panels that gave customers superior reliability and aesthetics. We improved our design by manufacturing higher-performance AC panels, and built a dealer network that has grown to more than 25 states and Canada. We then partnered with Lowe's Home Improvement stores for installation services, along with the first do-it-yourself solar panels stocked on retail shelves.

"Now, with the exclusive rights to the Westinghouse Solar brand, we look forward to accelerated growth without large up-front brand investments," concluded Cinnamon.


Reader Comments (2)

girgis a. ebrahiem

Date Posted:
02/23/12 09:44 PM

I like to buy solar panels (westing house) . I like to get an installer to install them for me.I do not want a company to charge me for the hole project I gust want contractor who get paid for lapor only. do you have one. Please advise. I am going to buy the mterial from lowe*s

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Someone Not Illiterate

Date Posted:
03/02/13 10:14 PM

OK - that poster above is an idiot... if he installs his own, he's going to burn his own house down or electrocute himself.

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