ICP Solar Technologies Inc. (OTCBB: ICPR), has signed an agreement to begin supplying solar energy solutions worth up to EUR 15 million annually to Tejas Solares, a leading residential solar system developer. Under the terms of the binding letter of intent, ICP Solar will provide a new kind of solar tile specifically designed for Spanish home models, currently under development, to Tejas Solares. In return, Tejas Solares will commit to using ICP’s innovative solution in at least 2000 homes annually on the Spanish market.
ICP’s new Madrid office will support this and all other contracts for European, Middle Eastern and Asia-Pacific (EMEA-PAC) clients.
“Tejas Solares is constantly looking for innovative solutions to satisfy the demanding requirements of the Spanish real estate market with regards to solar energy. To accomplish this goal, we are partnering with ICP Solar Technologies,” said Camilo Menendez, President of Tejas Solares. “Together, our two companies have a deep knowledge of both the real estate and solar arenas. This alliance will produce a unique offering in the marketplace, with emphasis on quality and innovation.”
With nearly two decades experience in the solar industry, ICP has developed solar products to fit a wide variety of applications. RV, automotive and boating customers enjoy the cost-efficiency of solar power as their backup or main source for recreational needs. Equally, home customers have the choice of traditional solar panels or innovative solar tiles, which have the same ease of installation and aesthetic appeal of traditional tiles.
Tejas Solares is a Spain-based company focused on providing solar solutions for the real estate and construction business.
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