Westinghouse Solar CEO Margaret Randazzo said in parallel to the company’s efforts to complete the pending merger with CBD, both companies are committed to growing the business in a collaborative effort.
"As a first step, CBD, through its solar subsidiaries, has agreed to market and install our solar power systems in the Australian and other international markets," Randazzo added.
CBD managing director and CEO Gerry McGowan said a key reason for pursuing this merger was the strength of the award winning technology that Westinghouse Solar possesses.
"When coupled with the significant brand awareness the Westinghouse name provides, one of the first items on our agenda was to bring these integrated ‘plug-and-play’ solar power systems, with fewer parts, superior safety and faster install times to the Australian market," McGowan added.
The solar power systems feature Web-based system monitoring and better energy collection. Westinghouse will ship the solar systems to CBD in the third quarter of 2012.
The two companies also plan to assemble Westinghouse Solar products in Australia using CBD’s newly established solar panel manufacturing facility, in the future.
Westinghouse Solar is a designer and manufacturer of integrated rooftop solar power systems and CBD Energy is a diversified renewable energy company.
