Westinghouse Solar Announces Innovative New Flat Roof Solar Power System
April 19 2011 - 8:20AM
Westinghouse Solar, Inc. (Nasdaq:WESTD), a designer and
manufacturer of solar power systems, today announced the release of
a new lightweight, non-penetrating flat roof solar power system
designed especially for commercial rooftop projects.
Continuing on its path of innovation, Westinghouse Solar has
combined its new 235 watt high efficiency solar panel with a new
lightweight, aluminum and stainless steel flat roof mounting system
with two very important benefits to commercial building owners and
installers. First, the system is non-penetrating (no holes in the
roof), thereby reducing the possibility of roof leaks and
preserving roof warranties. Second, the system has been
aerodynamically designed with extensive wind tunnel testing to
resist high winds, thereby minimizing the ballast weight necessary
for the system. This innovation delivers the industry's lightest
fully integrated rooftop system with a total weight of 2.7 pounds
per square foot – making the Westinghouse system suitable for
virtually all commercial rooftops.
Pre-engineered at a five-degree angle to maximize energy
production, the elegant design ships flat for cost-effective
shipping and ease of staging, and eliminates the need for
panel-to-panel wiring and grounding resulting in a low cost system
that is much less expensive to install than comparable systems.
"By integrating the racking, wiring and grounding into the panel
itself, the Westinghouse Solar commercial flat roof system is
easier and faster to install than other rooftop systems," said
Barry Cinnamon, CEO of Westinghouse Solar. "As the cost of solar
panels continues to decline, labor is becoming a larger component
of the overall PV project cost. Westinghouse Solar is driving down
the capital expense associated with commercial solar deployment by
dramatically reducing rooftop installation materials and labor
costs."
The Westinghouse Solar Flat Roof Solar Power System is available
for order in the U.S. immediately, with availability in Europe and
Asia during the third quarter of 2011.
About Westinghouse Solar: (Nasdaq:WESTD)
Westinghouse Solar is a designer and manufacturer of solar power
systems. In 2007, Westinghouse Solar pioneered the concept of
integrating the racking, wiring and grounding directly into the
solar panel. This revolutionary solar panel, originally branded
"Andalay", quickly won industry acclaim. In 2009, the company again
broke new ground with the first integrated AC solar panel, reducing
the number of components for a rooftop solar installation by
approximately 80 percent and lowering labor costs by approximately
50 percent. This first AC panel, which won the 2009 Popular
Mechanics Breakthrough Award, has become the industry's most widely
installed AC solar panel. Award-winning Westinghouse Solar Power
Systems provide the best combination of safety, performance and
reliability, while backed by the proven quality of the Westinghouse
name. For more information on Westinghouse Solar, visit
www.westinghousesolar.com.
The Westinghouse Solar logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7708
Safe Harbor
Statements made in this release that are not historical in
nature, including those related to future revenue, revenue growth,
operating expense rates, transition expenses, and achievement of
cashflow and EBITDAS breakeven and profitability, and product
offerings and cost reductions 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 inherent uncertainty of future financial results, additional
capital financing requirements, development of new products by us
or our competitors, the effectiveness, profitability, and
marketability of such products, our ability to protect proprietary
rights and information, the impact of current, pending, or future
legislation, regulation and incentive programs on the solar power
industry, the impact of competitive products or pricing,
technological changes, our ability to identify and successfully
acquire and grow distribution customers, 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 Westinghouse Solar assumes no obligation to update any
such forward-looking statements.
WEST-G
CONTACT: Public Relations
Sara Blood
Carmichael Lynch Spong
(612) 375-8504
sara.blood@clynch.com
Investor Relations
Matt Selinger
Genesis Select
(303) 415-0200
mselinger@genesisselect.com
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