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Mercury Solar Systems Expands Footprint in the Northeast with Acquisition of K-Star Solar

Posted on: Friday, 26 June 2009, 08:00 CDT

Long Island Businesses Now Have Access to Mercury's Full-Suite of Solar Products and Services

NEW ROCHELLE, N.Y., June 26 /PRNewswire/ -- Mercury Solar Systems, Inc., one of the leading solar integrators in the Northeast, today announced that it has acquired K-Star Solar, Long Island's leading residential solar installer. The acquisition strengthens Mercury's presence in the Northeast and its solar business in Long Island, NY. Financial terms were not disclosed.

"Long Island is an important market for us with Long Island Power Authority ranked as one of the top ten solar utilities in the country," said Jared Haines, President, Mercury Solar Systems. "With K-Star we have an instant footprint in this market and we believe together we can offer commercial and residential customers cutting edge, highly efficient solar solutions at affordable prices. The federal and state incentives for solar systems have also never been better, but customers need a company with local knowledge to help them leverage the benefits of solar."

Upon closing, K-Star Solar will be re-branded Mercury Solar Systems and Kevin P. Harvey, K-Star's current President, will join Mercury's Long Island team as its Divisional President. Kevin will focus on Mercury's Long Island operations and installations. He will be joining Mercury's existing Long Island sales team that is led by Jeffrey Amorosana.

"Mercury Solar Systems is one of the key players in this market with in-depth commercial and residential solar experience, a strong sales and operational team and an expansive list of products and services," said Kevin P. Harvey, President, K-Star Solar. "They are a logical partner to take K-Star to the next level and we believe this is a win-win for Long Island residential consumers that are looking to go green with solar as we can now offer them SunPower premier products."

About Mercury Solar Systems:

Mercury Solar Systems designs and installs solar electric and solar thermal energy systems for commercial and residential customers. The Company has installed hundreds of solar systems totaling several million watts of energy making it the leading solar integrator in New York, New Jersey and Connecticut. Mercury Solar Systems is a subsidiary of Mercury Energy (formerly Aquus Energy), a leading provider of solar energy systems throughout the United States, and backed by Oppenheimer & Company. For more information visit www.mercurysolarsystems.com.

Kellie Walsh (914) 315-6072 kwalsh@kwmcommunications.com

SOURCE Mercury Solar Systems, Inc.

Source: PR Newswire

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