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TheStreet Open House

Schematic Of The New Plug-N-Play Panel From ONYX, Showing Placement Of The Inverter And Battery Within The Unit. (Photo: Business Wire)

Stock quotes in this article: ONYX

Imagine walking into your local Home Depot store and buying a solar panel, attaching it to your roof with 4 screws and plugging your extension cord right into it for instant 24-hour power. This revolutionary product is what Onyx Service & Solutions, Inc. (OTCQB: ONYX) has been intently focusing its development resources on this year according to Company President Malcolm Burleson.

The company’s newly sourced 280 watt high efficiency panel is the base component to this new product in development. The new Plug-N-Play already has the properly rated micro-inverter designed into the panel, alleviating complicated wiring and separate installation requirements. While the Company acknowledges the panel and inverter were sourced in Asia, management has voiced special requirements for the battery technology that is integral to the Plug-N-Play as well as the location the Company will conduct manufacturing of the new product. The Company is planning to complete the battery sourcing and development, as well as manufacturing arrangements, solely in the United States.

“Our Plug-N-Play product development potentially represents a new era for solar power. Being able to lay a panel in the sun and immediately plug in a computer, fan or even a medical device is a game changer. The battery is being designed with the goal of providing at least 5-hours of peak power and the panels are being engineered to fit together in series for virtually unlimited power configurations,” stated Company president Malcolm Burleson. “As an American company, we feel it is our duty to manufacture this technology in the U.S. and use it to create as many American jobs that economic prudence allows. We want our revolutionary product to carry the Made in USA label.”

Currently, the panel design schematic and downloadable PDF can be found at http://www.solar-stock.com/investor-relations.html in the “Featured Product” section on the page.

Onyx Service & Solutions, Inc. aggressively acquires, develops and markets the most promising and potentially profitable energy projects and technologies possible. The Onyx mission is to manifest cutting edge energy technology, products, manufacturing advances and construction projects to successfully compete in a global energy marketplace, which includes GE (NYSE: GE), The Shaw Group (NYSE: SHAW), First Solar (NASDAQ: FSLR) and JinkoSolar (NYSE: JKS).

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