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Akeena licenses Andalay technology to Suntech

09 January 2008 | PV Modules: News

Akeena SolarAkeena’s partnership with Suntech back in October 2007 has led to the company’s most recent announcement that its Andalay solar panel technology will be distributed by Suntech in Europe, Japan and Australia. The Licensing Agreement authorizes the PV module and cell manufacturer to distribute Akeena’s technology from January 2008.

This distribution agreement is an addendum to the existing agreement on Suntech’s part to manufacture Andalay solar panels. The news follows a jump in the company’s stock value in the past few days.

"Suntech is the natural partner to license this technology given their role in co-developing and manufacturing the product, and their extensive international distribution channels that are among the strongest in the industry, said Barry Cinnamon (pictured), Akeena Solar CEO. "Akeena Solar and Suntech also share a focus on quality and value. We are experiencing very strong demand for Andalay, and this licensing agreement with Suntech will allow us to meet our customer's needs for Andalay outside of our direct channels in the U.S."
 
By Síle Mc Mahon

 

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