|By PR Newswire||
|August 18, 2014 09:25 AM EDT||
SAN JOSE, Calif., Aug. 18, 2014 /PRNewswire/ -- Andalay Solar (OTCQB: WEST), a leading manufacturer of integrated solar power systems, announced a collaboration with Highpower International, Inc. (Nasdaq: HPJ), a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, to launch a pilot project that will provide technologically advanced energy storage systems for Andalay Solar customers and enhance system performance while keeping the cost reasonably affordable and viable.
Given the relatively high cost of the power grid, this energy system is designed to help customers avoid and reduce utility grid fees by going "off-grid" or employing a hybrid system. Highpower's energy storage system has six 2.4KWh lithium-ion battery modules and an output inverter that allows for a powerful energy load capacity and expandability. For the hybrid system, when combined with Andalay's integrated solar system, energy will be generated both by the solar system as well as by the utility grid network. With both energy inputs, the energy output to the home is expected to provide enough power to sustain household and electronic appliances and all power outlets.
Andalay selected Highpower for their strong energy storage R&D capability and their leadership and commitment to clean energy manufacturing, which includes waste recycling processes, environmentally safe disposal, and industry leading design, manufacturing and testing of storage devices.
"Energy storage has become an important focus of the solar industry and will be an essential component of system design and installation," said Steven Chan, CEO of Andalay Solar. "This pilot project in solar energy storage is an example of Andalay's determination to stay at the leading edge of the market to build upon our patented technology, while maintaining a principle focus on our customers' solar energy needs, cost-savings, and return on investment."
"We are excited to collaborate with Andalay Solar," commented Bryan Bai, Vice President of Sales at Highpower International. "Andalay Solar's extensive technical know-how, first-hand experiences and understanding about the demand from end customers in the solar market is ideal for commercializing our advanced storage solution with enhanced functionalities and performance, while keeping costs affordable to a wide range of market needs in North America."
Andalay Solar products can be found at Amazon.com, Lowes.com, and www.andalaysolar.com.
About Highpower International, Inc.: (Nasdaq: HPJ)
Highpower International, Inc., founded in 2001, is a clean energy company focused on the development, manufacturing and marketing of nickel-metal hydride (Ni-MH) and lithium-ion (Li-Ion) rechargeable batteries and related products for both consumer and industrial applications. Headquartered in Shenzhen, China, Highpower has four wholly-owned subsidiaries in the Guangdong Province engaged in the development of Ni-MH batteries, lithium batteries, power supply system manufacturing and design business. By recycling waste batteries and reprocessing raw materials for reuse in battery production, Highpower demonstrates a deep commitment to developing, manufacturing and promoting clean technology products worldwide.
About Andalay Solar: (OTCQB:WEST)
Founded in 2001, the Company is a designer and manufacturer of integrated solar power systems. The Company has been a pioneer in the concept of integrating the racking, wiring and grounding directly into a solar panel. The Company's AC solar panel reduces the number of components for a rooftop solar installation by approximately 80% and lowers labor costs by approximately 50%. This AC panel, which won the 2009 Popular Mechanics Breakthrough Award, has become the industry's most widely installed AC solar panel. The Company currently sells its new generation "Instant Connect®" products in both AC and DC format which provide the best combination of safety, performance and reliability. For more information on the Company, visit www.andalaysolar.com.
Forward-Looking and Cautionary Statements - Safe Harbor
Statements made in this release that are not historical in nature, including those related to market acceptance of products, constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "expects," "projects," "plans," "will," "may," "can," "anticipates," believes," "should," "intends," "estimates," and other words of similar meaning. The statements are subject to risks and uncertainties that cannot be predicted or quantified, and our actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with being able to launch a pilot project and related products, the ability to achieve performance and cost objectives and the ability to reduce or eliminate utility grid costs with the combined Andalay and Highpower solution. All forward-looking statements included in this release are made as of the date of this press release, and Andalay Solar and Highpower assume no obligation to update any such forward-looking statements.
SOURCE Andalay Solar, Inc.
Oct. 13, 2015 08:15 AM EDT Reads: 162
Oct. 13, 2015 08:00 AM EDT
Oct. 13, 2015 07:00 AM EDT Reads: 6,010
Oct. 13, 2015 06:45 AM EDT Reads: 208
Oct. 13, 2015 06:30 AM EDT Reads: 183
Oct. 13, 2015 05:15 AM EDT Reads: 196
Oct. 13, 2015 05:00 AM EDT Reads: 1,093
Oct. 13, 2015 04:00 AM EDT Reads: 681
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Oct. 13, 2015 03:00 AM EDT Reads: 258
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at @DevOpsSummit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Oct. 13, 2015 03:00 AM EDT Reads: 326
Oct. 13, 2015 03:00 AM EDT Reads: 406
Between the compelling mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how busine...
Oct. 13, 2015 02:00 AM EDT Reads: 392
Interested in leveraging automation technologies and a cloud architecture to make developers more productive? Learn how PaaS can benefit your organization to help you streamline your application development, allow you to use existing infrastructure and improve operational efficiencies. Begin charting your path to PaaS with OpenShift Enterprise.
Oct. 13, 2015 02:00 AM EDT Reads: 658
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes.
Oct. 13, 2015 02:00 AM EDT Reads: 330
Achim Weiss is Chief Executive Officer and co-founder of ProfitBricks. In 1995, he broke off his studies to co-found the web hosting company "Schlund+Partner." The company "Schlund+Partner" later became the 1&1 web hosting product line. From 1995 to 2008, he was the technical director for several important projects: the largest web hosting platform in the world, the second largest DSL platform, a video on-demand delivery network, the largest eMail backend in Europe, and a universal billing syste...
Oct. 13, 2015 02:00 AM EDT Reads: 352