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Press Release
Akeena Solar Launches a New Direct to Installer Sales Channel
New, Awarding Winning Andalay AC Solar Panels Available to Installers Nationwide
LOS GATOS, Calif., May 22, 2009 (GlobeNewswire via COMTEX) -- Akeena Solar (Nasdaq:AKNS), a leading installer and designer of solar power systems, today announced it has begun shipment of their proprietary Andalay solar panels with orders from installers throughout the United States including Colorado, Connecticut, Delaware, New York and Washington.
"When we expanded our California-focused installation business to add a nationwide installer sales channel, we did so knowing that it would be the most scalable way to bring our awarding winning Andalay products to sunny roofs across the United States," said Akeena Solar CEO Barry Cinnamon. "We're excited to have innovative solar installers eager to bring Andalay AC panels to even more homeowners and businesses."
The distribution success follows the recent announcement of a nationwide, two-year mutually exclusive partnership between Akeena Solar and MS Solar Solutions Corp. ("MSSS"), a subsidiary of Morgan Stanley's Commodities group, to outfit low-income households with Akeena's proprietary Andalay AC solar panels. MSSS will also have the option to purchase Andalay AC panels for their sales efforts to large tract homebuilders.
Andalay AC panels are ideally suited for solar installers and trade workers who want to avoid the cumbersome process of installing high-voltage DC power systems. The new panels eliminate the complicated racking, DC wiring and high-voltage components found within ordinary solar systems. With 80 percent fewer parts to install, it also minimizes inventory logistics. The result is a simplified and safer installation process that can cut installation time in half. Moreover, the inverters built into each Andalay AC panel can reduce the effects of shading and panel mismatch-which can boost overall energy output by 5 to 25 percent.
"I am impressed by the simplicity and design elegance of Andalay AC and its game-changing potential. Andalay AC's systems integration is a stroke of genius," said Phil Lou, co-founder of Seattle-based Greenwerks Technologies, Inc. "Our growing company, which includes recent graduates of the Shoreline Community College solar training program, is eager to offer this high performing, affordable, and aesthetically pleasing system to our customers."
About Akeena Solar, Inc.
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 largest national installers of residential and commercial solar power systems in the United States. The company's new integrated solar panel system, Andalay AC, is the only solar panel system with integrated racking, wiring and grounding. Andalay panels offer unprecedented reliability, performance and beautiful design. For more information, visit Akeena Solar's website: www.akeena.com.
The Akeena Solar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5143
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This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Akeena Solar, Inc.
Akeena Solar, Inc.
Jose Tengco
(408) 402-9422
jtengco@akeena.com
Antenna Group Public Relations
Public Relations Contact:
Wendy Rosen
(415) 977-1930
wendy@antennagroup.com
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“We cannot say enough about the great job that Akeena did with our solar project. Our Design Consultant was there every step of the way with fantastic professionalism and integrity. Our install team did a wonderful job. The paperwork was handled flawlessly. The Akeena Team is terrific. We will be recommending your company and crew to everyone that we know!”
William, Lake Forest, CA
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