User:Wilsonwhs/sandbox
 | |
| Company type | Public |
|---|---|
| Nasdaq: WEST | |
| Industry | Photovoltaic System |
| Founded | Saratoga, California, U.S. (2001) |
| Founder | Barry Cinnamon |
| Headquarters | Campbell, California, U.S. |
Area served | North America |
Key people | Barry Cinnamon (President) Margaret Randazzo (CFO) Jeff Kiel (EVP-Sales and Marketing) Gary Mull (Vice President, Marketing) |
| Products | List of Westinghouse Solar product |
| Revenue |  US$ 8.7 million (2010)[1] |
 US$ 8.4 million (2010)[1] | |
| US$ 12.9million (2010)[2] | |
| Total assets | US$ 8.8 million(2010)[3] |
| Total equity | US$ 3.9 million(2010)[3] |
Number of employees | 35 (2010)[4] |
| Website | WestinghouseSolar.com |
Westinghouse Solar (Nasdaq: WEST) (pronounced wes-ting-hous soh-ler) is an American photovoltaic system founded on April 14, 2001 and headquartered in Campbell, California, United States. It was formerly known as Akeena Solar, Inc. and changed its name to Westinghouse Solar, Inc. in April 2011.
Westinghouse Solar engages in the design, manufacture, integration, and installation of solar power systems under the Westinghouse name. Through the company’s partnerships with numerous authorized dealers throughout the United States and Canada, Westinghouse Solar sells its AC solar panels to solar installers, trade workers, and do-it-yourself customers for both residential and commercial projects.
History[edit]
Akeena Solar was founded by Barry Cinnamon on February 2001 in Saratoga, CA in an office above his garage.
In 2009, Akeena Solar introduced a partnership to develop and market Andalay solar panel systems with ordinary AC house current. The Andalay solar panel was the industry’s first integrated solution that enabled plug-and-play solar installation. Through its use of splice technology, the Andalay panel enabled both positive and negative elements to connect together. Through Andalay’s built-in racking, wiring, and grounding, the parts count was reduced by 70% and rooftop labor was reduced by up to 50%. [5]All of the electrical connection was built on the side of the Andalay panels, integrating a wireless technique with less installation time. All of these technologies have been patented with Akeena Solar.
The Andalay solar panel systems was also featured on the hit reality TV show, “Extreme Makeover: Home Edition” which took place in San Bernardino County on April 2009.[6]
In 2010, Westinghouse approached Akeena Solar for a collaboration and entered into an exclusive worldwide agreement to manufacture, distribute, market and install all of its solar panels under the Wesinghouse name. [7] As part of the Westinghouse transition, Akeena’s wholly-owned subsidiary Andalay Solar was renamed Westinghouse Solar. [8] Westinghouse Solar continues to offer commercial and residential solar technology,
Corporate Leadership[edit]
| Barry Cinnamon | CEO/Founder | Mr.Cinnamon is a widely recognized expert on solar power, and a long-time advocate of its use. Mr. Cinnamon started his career in solar energy during the late 1970’s as a researcher into new flat plate and concentrating collector designs at the Massachusetts Institute of Technology (MIT). During the late 1970s and early 1980s, he designed and installed active solar, passive solar and ground coupled heat pump systems. He holds a BS Degree in Mechanical Engineering from MIT and an MBA degree in Marketing from Wharton. |
| Margaret Randazzo | Chief Financial Officer |
Ms. Randazzo joined Westinghouse Solar as Controller in 2008 and was appointed to CFO in December of 2009. Ms. Randazzo received her B.B.A. in Accounting from University of Oklahoma. |
| Jeff Kiel | EVP-Sales and Marketing |
Mr. Kiel is responsible for developing strategy and driving the sales and marketing efforts of Westinghouse Solar. Mr. Kiel holds a BS in Accounting from the University of Florida. |
| Gary Mull | Vice President of Marketing | Mr. Mull is responsible for leading Westinghouse Solar’s marketing efforts. Mr. Mull holds a Bachelors degree from San Francisco State University. |
Board of Directors/Advisor[edit]
Robert F. Kennedy Jr.: Mr. Kennedy serves as chief prosecuting attorney for the Hudson Riverkeeper and president of Waterkeeper Alliance. He is also a clinical professor and supervising attorney at Pace University School of Law's Environmental Litigation Clinic, and a venture partner and senior advisor to VantagePoint Venture Partners. Mr. Kennedy was named one of Time magazine's "Heroes for the Plane," and is a New York Times bestselling author. Mr. Kennedy is a graduate of Harvard University, studied at the London School of Economics, and received his law degree from the University of Virginia Law School. He subsequently attended Pace University School of Law, where he was awarded a Masters Degree in Environmental Law.
Products[edit]
Solar Panels[edit]
Westinghouse Solar’s photovoltaic cells are made from microscopic wafers cut from a high-purity, single-crystal cylinder or boule. The advanced monocrystalline solar cell technology captures and converts more of the sun's energy, while technology on each panel ensures maximum power production. Unlike ordinary high-voltage DC current powering systems, Westinghouse Solar power systems have a built-in technology that delivers safe AC power. In addition, the design guards the system from the corrosive effects of sun, wind, and rain to provide decades of optimal performance.
Westinghouse solar panels require 80% fewer parts to install and maintain. They are also sealed under toughed, high-transmission glass and secured in framing technology to create a panel that is both weather resistant and extremely-reliable.
- Solar Panel DC-175w
- Solar Panel AC-175w
- Solar Panel AC-180/185
- Solar Panel AC-230/235
Flat Roof Solar Power System[edit]
The Westinghouse Solar Flat Roof Solar Power System combines a lightweight, non-penetrating mounting system with the patented Westinghouse Solar panel technology to deliver a high performance solution that is both easy to install and ideal for flat rooftops with weight or area constraints.
The system is pre-engineered to an angle to enable installation of more watts on the roof and capture more energy from the sun. Westinghouse Solar's integrated grounding and wiring delivers built-in reliability.
The lightweight aluminum mounting systems ships flat with minimal part count. It installs and grounds faster than any other mounting systems. The non-corrosive aluminum and stainless steel components are not susceptible to UV deterioration and combustion hazards.
- 5° Flat Roof Solar Power System
- 10° Flat Roof Solar Power System
Notable Mentions[edit]
- On February 28th, 2011, Westinghouse Solar announced their anniversary of 10 years in business.
- On July 25th, 2011, Westinghouse recently signed a deal with Lennar Homes (one of America’s biggest home builders) to provide solar panels as built-in features on new homes in Texas.[9]
Awards[edit]
2008[edit]
- Innovative Home Technology Award, TecHome Builder Magazine[10]
- Cool Products Award, Pacific Coast Builders' Conference[11]
- International Design Excellence Award, the Industrial Designers Society of America[12]
2009[edit]
- Solar Energy Industries Association (SEIA) - Industry Innovator Award[13]
- Popular Mechanics 10 Most Brilliant Products[14]
Notes[edit]
- ^ a b "WEST Income Statement".
{{cite web}}: Unknown parameter|Westinghoues Solar, Inc. Stock=ignored (help) - ^ "WEST Cash Flow".
{{cite web}}: Unknown parameter|Westinghoues Solar, Inc. Stock=ignored (help) - ^ a b "WEST Balance Sheet".
{{cite web}}: Unknown parameter|Westinghoues Solar, Inc. Stock=ignored (help) - ^ "Westinghouse Solar - Financial Information".
{{cite web}}: Unknown parameter|Westinghouse Solar=ignored (help) - ^ "A Solar Power Shift - Andalay AC" (PDF).
- ^ "Akeena Solar Powers This Sunday Night's 'Extreme Makeover: Home Edition' On ABC".
{{cite web}}: Text "Reuters" ignored (help) - ^ "Westinghouse Name Should Shine Light on Akeena Solar".
{{cite web}}: Text "Seeking Alpha" ignored (help) - ^ "Akeena Solar and Westinghouse Partner to Create Westinghouse Solar".
{{cite web}}: Text "Westinghouse Solar" ignored (help) - ^ "MarketWatch".
- ^ "Innovative Andalay Solar Panels Takes Home Best Alternative Energy Building Award".
- ^ "Akeena Solar Gets Cool Stamp of Approval".
- ^ "Akeena Solar Andalay Panels Recognized as An IDEA 08 Finalist".
- ^ "Akeena solar Named SEIA Industry Innovator".
- ^ "Akeena Solar's Andalay AC System Recognized as a 2009 Breakthrough Product by Popular Mechanics".