Arista Power, Inc. Receives Power On Demand Order From Sentry Group
ROCHESTER, N.Y., June 13, 2011 /PRNewswire/ — Arista Power, Inc. (“Arista Power” or the “Company”) (OTCBB: ASPW.OB), a developer and manufacturer of wind turbines and renewable energy power storage and management systems and a supplier of solar energy systems, announced today that it has received an order from Sentry Group for a Power on Demand renewable energy storage and management system.
Headquartered in Rochester, New York, Sentry Group is the manufacturer and world’s largest producer of fire-resistant safes, chests, files, security storage containers and gun safes.
Power on Demand is designed to reduce electricity demand charges, which can account for 30% to 70% of a commercial electric bill.
The order represents Arista Power’s third sale of a Power on Demand system, a proprietary, patent-pending system that is designed to utilize energy generated by wind turbines, solar PV or the grid itself together with a custom-designed battery storage system and a proprietary real-time “smart monitoring” technology. The monitoring system is designed to smooth power demand on the grid by maintaining grid demand within optimal parameters, thereby reducing peak demand charges, prolonging battery life and lowering commercial electricity costs.
Mark Matthews, Arista Power’s Vice President of Sales and Marketing, said that, “The fact that our first Power on Demand system was installed at a customer facility in February 2011 has been an important factor in moving the sales process forward and generating significant additional interest in the product.”
For more on Sentry Group, go to: www.sentrysafe.com.
About Arista Power, Inc.
Arista Power, Inc. is a developer and manufacturer of wind turbines and custom-designed renewable energy storage and power management systems and a supplier of solar energy systems. Arista Power’s diffuser-augmented WindTamer wind turbine utilizes a patented technology for the production of electrical power. Arista Power’s patent-pending Power on Demand system utilizes inputs from multiple energy sources including wind, solar, fuel cells and the grid in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce peak power demand, thereby lowering electricity costs for large energy users who deal with peak usage pricing. Arista Power also sells a mobile renewable energy system that that generates wind and solar energy to an onboard storage unit for military and other applications, and a renewable power station that is a scalable system that can be drop-shipped to off-grid locations to be used as a “micro-grid.”
For more information on Arista Power, go to www.aristapower.com.
This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. Arista Power, Inc. cautions investors not to place undue reliance on forward-looking statements, which reflect Arista Power’s analysis only as of today’s date. There can be no assurance that such forward-looking statements will prove to be correct, and actual results could differ materially. Arista Power undertakes no obligation to publicly update forward-looking statements. Further information on these factors, and other factors that could affect Arista Power’s financial results, is included in Arista Power’s Securities and Exchange Commission filings, including the latest Annual Report on Form 10-K.
SOURCE Arista Power, Inc.