Arista Power Enters Into Strategic Partnership with Solar PV Manufacturer Helios Solar Works
ROCHESTER, N.Y., July 5, 2011 /PRNewswire/ — Arista Power, Inc. (“Arista Power” or the “Company”) (OTCBB: ASPW.OB), a developer and manufacturer of wind turbines, renewable energy power storage and management systems, and a supplier of solar energy systems, announced today that it has entered into a strategic partnership with Helios Solar Works, a manufacturer of high-performance, mono-crystalline solar modules for solar electric systems. Under the agreement, Helios will manufacture and supply solar panels to Arista Power for use in its products and for resale. In addition, Helios will refer to Arista Power solar opportunities that include an energy storage component, and Arista Power will be a distributor of Helios’s products to the U.S. military.
Based in Milwaukee, Wisconsin, Helios Solar Works is a member of a global alliance of firms dedicated to developing and building world-class solar modules. The solar modules will be made at Helios’s Milwaukee facility.
“We are extremely excited about this relationship with Helios Solar Works,” said William A. Schmitz, Chief Executive Officer of Arista Power. “We are now partnered with a major global manufacturer of solar panels for use in our stand-alone solar projects, our Power on Demand systems, our Mobile Renewable Power Systems and our other products, particularly for the U.S. Army, Federal Bureau of Investigation and other government customers. I am happy that Helios has already begun to refer solar opportunities with a storage component to us, and I look forward to continuing to expand our relationship.”
Steve Ostrenga, Chief Executive Officer of Helios Solar Works, said, “One of the major benefits of our high-performance modules is their flexibility, which makes it possible to design systems that satisfy a variety of needs, from residential, commercial and governmental applications. We view this as a perfect fit with Arista Power’s products, which are scalable and can be adapted to serve a variety of markets. We are very pleased to enter into this relationship because we believe Arista Power’s expertise in energy storage combined with its ability to identify new and growing markets will lead to a rapidly growing business for both companies.”
For more on Helios Solar Works, go to www.heliossolarworks.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.