Akeena’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
