Real Goods Solar To Install Existing Backlog And Pipeline Of Westinghouse Solar
BOULDER, Colo., Sept. 14, 2010 (GLOBE NEWSWIRE) -- Real Goods Solar, Inc. (Nasdaq:RSOL), a leading residential solar energy integrator, today announced an agreement with Akeena Solar, Inc. d/b/a Westinghouse Solar, (Nasdaq:WEST), whereby Real Goods Solar will become an authorized dealer for Westinghouse Solar Power Systems. Westinghouse Solar will transition the majority of its existing backlog and pipeline of projects from its former installation operation to Real Goods Solar for installation, allowing former Westinghouse Solar customers to have their systems installed in a timely and professional manner. Going forward, Westinghouse Solar will be providing Real Goods Solar with leads and referrals to help expand this distribution relationship.
John Schaeffer, President of Real Goods Solar commented, "We're very pleased to be working directly with Westinghouse Solar, who we regard as an industry leader. Westinghouse Solar Power Systems, with integrated racking, wiring and grounding, have been on the market for almost three years, and we look forward to offering their panels to our customer base."
Barry Cinnamon, CEO of Westinghouse Solar commented, "We're delighted to welcome Real Goods Solar, one of the country's leading installation companies, into our dealer network. Their longstanding reputation for quality installation work and service is consistent with our heritage. Existing and future Westinghouse customers can expect a smooth transition on their projects, without any complications or interruptions."About Real Goods Solar, Inc. Real Goods Solar, Inc. is a leading residential solar energy integrator, having installed over 6,000 solar systems. Real Goods Solar offers turnkey solar energy services, and has 32 years of experience in residential solar energy, beginning with the sale in 1978 of the first solar photovoltaic, or PV, panels in the United States. For more information about Real Goods Solar, please visit www.realgoodssolar.com, or call (888) 507-2561. The Real Goods Solar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6455 This press release includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as "expect," "intend," "believe," "will," "should" or comparable terminology or by discussions of strategy. While Real Goods Solar believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of new products and services, completion and integration of acquisitions, the possibility of negative economic conditions, and other risks and uncertainties included in Real Goods Solar's filings with the Securities and Exchange Commission. Real Goods Solar assumes no duty to update any forward-looking statements.
CONTACT: Real Goods Solar, Inc. Erik Zech, Chief Financial Officer 415-295-4952 firstname.lastname@example.org
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