Andalay Solar Inc fka WEST

[ClairvoyantTrader]

$WEST DD PACKAGE
Andalay Solar
Industry: Renewable Energy Equipment & Services Sector Energy

http://www.andalaysolar.com/
WEST Security Details
Share Structure
AS 1,2B
OS 535M

On May 17, 2010, $WEST entered into an exclusive worldwide license agreement with Westinghouse, Inc, which permitted us to manufacture, distribute and market solar panels under the Westinghouse name and In connection therewith, on April 6, 2011, we changed our name to Westinghouse Solar,Inc.

In June 2015, we entered into a license agreement with Hyundai Heavy Industries Co., Ltd. whereby we granted Hyundai the right to produce Andalay compatible modules. Hyundai began shipping Andalay compatible modules as of May 2015.

We currently anticipate that we will retain all of our earnings, if any, for development of our business and repayment of historical debt and accounts payable, and do not anticipate paying any cash dividends on common stock in the foreseeable future.

Southridge Partners II, LP has committed to purchase up to $5,000,000 worth of our common stock

The relative magnitude and the mix of revenue from our largest customers have varied significantly quarter to quarter. During the nine months ended September 30, 2015, two customers have accounted for significant revenues, varying by period, to our company: Smart Energy Today (“Smart Energy”), which specializes in helping home owners and business owners become more energy efficient  and Rectify LLC, a residential solar installer in Indiana.

Andalay Solar has partnered up with Magerack Corporation in California (www.magerack.com) and Rectify Solar in Indiana (www.rectifysolar.com) to provide an easy and fast way for handy homeowners to purchase our solar systems and have them delivered right to your door. This provides a convenient way of buying our products, saving you a lot of time.

WEST has over 30 pending or issued patents related to solar panel installation technology. The company sells their products to solar installers, trade workers and do-it-yourself customers through distribution partnerships, its dealer network and retail outlets, such as Lowe’s Home Improvement stores. Award-winning Andalay Solar Power Systems provide the best combination of safety, performance and reliability.

The percentage of our gross accounts receivable for our top customers as of September 30, 2015 and December 31, 2014, are as follows:
WDC Solar, Inc. 54.6%
Lowe’s Retail 11.4%
Hyundai Heavy Industries, Co., Ltd 10.7

In September  2007, we introduced our “plug and play” solar panel technology (under the brand name “Andalay”


Rectify, LLC is a family-owned business with offices in Indianapolis and Boonville, Indiana. We strive to promote energy efficiency, sustainability, and helping our customers to save money with solar installation, installation of electric vehicle charging stations, and we sell do it yourself solar panel kits in our shop.

Andalay Solar Begins Sale Of U.S.-Assembled Modules
Andalay Solar Inc. has commenced production of its solar modules in San Jose, Calif., with customer shipments to begin immediately.
The facility produces black-framed, 60-cell, multicrystalline, 250 W modules.
‘We're pleased and proud to introduce our first line of products produced here in our hometown of San Jose,’ says Roger Pang, vice president of sales and marketing at Andalay Solar.

Company now has over 25 issued and pending patents. 


Andalay Solar has a rich company history that highlights its extensive experience in the solar industry. Founded in 2001, the Company now has over 25 issued and pending patents. Over the years, the Company has received broad industry acclaim for pioneering integrated racking, wiring, and grounding directly into the solar panel. Since its beginning, it has generated over $100 million in sales. Andalay’s latest innovation is the INSTANT CONNECT®, fully integrated AC and DC solar panels, as well as the DC flat rooftop ballasted system.



COMPANY TIMELINE
2004: The Company designs and patents Andalay technology
2007: Andalay Solar launches first fully integrated DC solar panel
2009: Andalay Solar launches first fully integrated AC solar panel
2009: Andalay Solar partners with Lowes – Solar Systems are sold on Lowes.com
2011: Andalay Solar launches first integrated AC & DC solar panels compatible with flat roofs
2012: Andalay Solar upgrades its AC panel and announces the AC INSTANT CONNECT®
2014: Andalay Solar upgrades its DC panel and announces the DC INSTANT CONNECT®
2014: Andalay systems now sold on Amazon.com