Onyx Service and Solutions Inc. (OTCQB:ONYX) disclosed today that, due to the extremely positive reception of the Company’s new “Plug-N-Play” all in one solar panel, the Company is reworking their distribution arrangements in Peru to include the revolutionary new panel.
ONYX has executed Letters of Intent and is working to develop distribution logistics with 2RR SAC in Lima, the country’s capital and largest city, and with RET in Chicaylo, which is the capital of the country’s northern Lambayeque Region. Peru is an ideal candidate for solar power and especially the new Plug-N-Play panel because of its ability to quickly be deployed in remote areas that have no grid or access to electricity.
There are two versions of the new solar panel: model number OSPP330-1 and model number OSPP330-2. The OSPP330-1 consists of a 330-watt panel, an incorporated micro inverter and standard AC power outlet plug. The OSPP330-2 is identical, with the exception of having a high-capacity lithium battery incorporated into the unit.
The Company currently estimates its first shipments of the new Plug-N-Play panels will be shipped to Peru and Honduras.
“ONYX is so happy to have two major home runs on its hands right now. The new Plug-N-Play panel’s appeal is warranting a large part of our focus to properly respond to what appears to be vast demand for the new product. Our successful decision to focus on competing with diesel-powered electricity in Latin America and the Caribbean is also demanding a substantial amount of Company resources for proper follow through,” stated Malcolm Burleson, President of ONYX. “As such, we have made the decision to pull back on our development of the 6.1 MW project in Louisiana. This will allow us to focus on the areas that have the most economic potential for the Company.”
What makes the new “Plug-N-Play panels such a game changer in the solar industry is that they are designed for the large “Do-it-Yourself” market and don’t require association with an electrical grid. You can literally point the panel at the sun and plug an extension cord directly into the panel for immediate power – alleviating complicated wiring and typical installation requirements. The new panels are designed to be bought right off of the shelf in a hardware store, attached to any surface with 4 screws and immediately be put into service, powering a computer, fan, light or even a medical device. This new configuration will also help allow remote residences worldwide to have easier access to the power of the sun.