CAMPBELL, Calif., April 19, 2011 (GLOBE NEWSWIRE) -- 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.
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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.
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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
