Science & Technology
Science and Technology
Science and Technology
Tue, January 27, 2009 Solar Power, Inc. Announces Peaq'" Solar Shade Structure
ROSEVILLE, Calif.--([ BUSINESS WIRE ])--[ Solar Power, Inc. ] ("SPI") ([ OTCBB:SOPW ]), a vertically integrated designer, manufacturer, and installer of photovoltaic ("PV") energy systems, today announced the introduction of its latest product, a modular elevated solar shade structure system called Peaq´™. The new product offers a striking design, innovative kit-build installation, and a price tag comparable to rooftop installations. Peaq´ elevated solar array systems provide commercial enterprises with a means to significantly extend the footprint available to them for PV solar arrays in order to meet both financial and energy generation goals.
Solar Power, Inc.'s Peaq´ has been designed to transform parking lots into appealing areas that not only generate clean solar energy, but also provide a variety of other benefits. Peaq´'s unique design delivers shaded parking for vehicles, increased comfort for visitors, and facilitates infrastructure for electric vehicle charging. The Peaq´ system also includes highly efficient, under-canopy LED lighting. This feature provides exceptional night time security by delivering light at three times the normal parking lot lighting levels without creating "light pollution" in the night sky. By virtue of its shading feature, Peaq´ also helps to reduce the negative heat-islanding effect open areas of asphalt have on the environment. The Peaq´ system is sealed to provide a dry under-canopy area during inclement weather.
The price point for solar carports and shade structures has historically been much higher than that of rooftop systems. Solar Power, Inc.'s Peaq´ system, with its unique design attributes, is available for most applications at a price point approaching that of rooftop systems and at parity with electrical utility costs in many market areas. SPI will manufacture Peaq´ system components and pre-assemble subsystems at its factory in order to achieve the best possible price.
"Product innovation is a central part of our company's mission," said Steve Kircher, CEO for Solar Power, Inc. "Peaq´ is not only innovative; it is also an example of how we deliver adaptable products and services that increase global accessibility to clean energy from the sun. The Peaq´ product is consistent with that mission because it creates opportunities for greater use of parking lots to generate clean electricity."
About Solar Power, Inc.:
Founded in 2005, Solar Power, Inc. is a vertically integrated solar energy solution provider offering the North American residential, commercial and public sector building markets a complete solution through a single brand. Solar Power, Inc. provides turnkey design-build solutions through its Roseville, California headquarters. Yes! Solar, Inc., DBA Yes! Solar Solutions, is a wholly owned subsidiary of Solar Power, Inc. Yes! Solar Solutions offers the U.S. residential and medium to small-sized business market segments turnkey solutions through a single brand. The Yes! Web site can be visited at [ www.yessolarsolutions.com ]
Safe Harbor Statement:
This release contains certain "forward-looking statements" relating to the business of Solar Power, Inc., its subsidiaries and the solar industry, which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. The forward-looking statements contained in this press release include statements regarding the Company's ability to execute its growth plan and meet revenue and sales estimates, enter into formal long-term supply agreements, and market acceptance of products and services. These statements involve known and unknown risks and uncertainties, including, but are not limited to, general business conditions, managing growth, and political and other business risk. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.
