Akeena Solar (NasdaqCM: AKNS) and Kyocera Solar have announced a partnership to manufacture Akeena’s branded Andalay solar panels.
Under the agreement Kyocera will manufacture Andalay solar panels utilizing Kyocera’s high efficiency solar cells and will deliver 1.6 MW of panels to Akeena during 2008. Kyocera has also been named Akeena’s preferred supplier for its commercial business.
Unlike ordinary solar panels, Andalay panels feature built-in racking, wiring and grounding and attach directly to a roof with a minimum of roof penetrations.
"This agreement marks an important expansion of our strategy as we transition to Andalay installations in 2008," said Barry Cinnamon, CEO of Akeena Solar. "Kyocera has been an Akeena partner since 2001 and we are pleased to add them as one of our two suppliers of Andalay panels."
Steve Hill, president of Kyocera Solar, Inc. said, "In response to growing demand, such as Akeena’s, this partnership also leverages Kyocera’s plans to expand its annual solar module manufacturing capacity to 500 MW by 2011."
About Akeena Solar, Inc.
Founded in 2001, Akeena Solar has grown to become one of the largest national installers of residential and commercial solar power systems in the United States. The company’s new solar installation technology, Andalay, is the only solar panel system with integrated racking, wiring and grounding.
About Kyocera Corporation
Kyocera Corporation, the headquarters and parent company of the global Kyocera group, was founded in 1959 in Kyoto, Japan. The company’s North American operations have expanded to more than 5,000 employees engaged in the manufacture and sale of a broad range of state-of-the-art, high-technology solar products in the United States, Canada and Mexico.
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