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ICP Solar Technologies to Purchase Californian Solar Distributor

January 18, 2007 | 1 Comment

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Montreal, Canada [RenewableEnergyAccess.com] ICP Solar Technologies Inc. has executed a binding letter of intent to purchase all the issued and outstanding shares of solar pioneer Discover Power Inc., of San Diego, California, which has more than 18 years of experience selling complete solar solutions for off-grid and grid-tie systems.

"This revenue-generating acquisition complements our strategy for rooftop solutions and creates immediate opportunities for ICP Solar's retailer sales network to add significant off-grid and grid-tie solution offerings," said Sass Peress, ICP Solar CEO and Chairman.

"Sass Peress' considerable experience will be a great asset in helping to expand Discover Power in our Californian and nationwide markets," said Damian Gutierrez, President of Discover Power. "His perspective on the industry cuts through the hype and turmoil in the market, and he provides expertise and resources that will help Discover Power execute its growth plans across several channels."

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Sail-34

January 19, 2007

I hope this synergy nets more efficient systems with parallel DC lighting as primary or back up lighting to avoid inverter inefficiencies. This strategy would interest me as an energy conservation manager.
Sad to see another US company go foreign. Is that is statement of our lack of forsight, or great opportunity to make a cash in.

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