http://ih.advfn.com/p.php?pid=nmona&article=68822258
FROM TODAY'S 8K As part of this cost reduction effort, Andalay
closed its in-house product distribution and installation business, and established two initial distribution partners, Magerack Corporation in California (www.magerack.com) and Rectify Solar in Indiana (www.rectifysolar.com), from whom existing and prospective customers are now able to purchase both the Andalay mounting hardware as well as the Andalay compatible module produced by Hyundai Heavy Industries Ltd.
Andalay’s licensing strategy for the future is designed to provide economies of scale to reduce working capital strain and facilitate increased gross margins to enable the Company to more rapidly scale sustainable and accretive growth in revenue, as well as eventual profits. The Company will focus on the initiatives related to this which include partnering with a top 20 residential installer or distributor, partnering with Tier One module companies to license the Andalay technology, including the existing license with Hyundai, and focusing on a scalable and lean go-to-market execution plan.
The Company is still working with financial advisors to raise capital and settle past debts and accounts payables. It is critical to Andalay’s future th
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