SAN JOSE, Calif., April 29, 2015 /PRNewswire/ -- Andalay Solar (OTCQB: WEST), a leading supplier of integrated solar power systems, has announced May 15 availability of a new line of Hyundai-branded solar modules with Andalay Instant Connect® frame technology. The new modules are the product of a previously announced partnership between Andalay and Hyundai Heavy Industries, which is manufacturing the modules in South Korea.
The Hyundai TG-Series solar modules utilize 260 watt polycrystalline technology with a black Andalay frame. The initial shipment of modules is currently en route to the U.S. west coast and is expected to be available for customer pick-up starting May 15, 2015.
"This is truly a milestone for Andalay to have Hyundai, one of the world's preeminent corporations with over $49 billion in annual sales, commence manufacturing and shipment of solar modules featuring Andalay technology," commented Andalay Solar's President & CEO, Steven Chan. "We are extremely excited about our partnership with Hyundai and we expect these modules will be snapped up quickly by solar installers in the U.S. eager to try out the new modules with our mounting hardware."
About Andalay Solar: (OTCQB:WEST)
Founded in 2001, the Company is a designer and manufacturer of integrated solar power systems. The Company has been a pioneer in the concept of integrating the racking, wiring and grounding directly into a solar panel. The company's AC solar panel reduces the number of components for a rooftop solar installation by approximately 80% and lowers labor costs by approximately 50%. This AC panel, which won the 2009 Popular Mechanics Breakthrough Award, has become the industry's most widely installed AC solar panel. The Company currently sells its new generation "Instant Connect®" products in both AC-ready and DC format which provide the best combination of ease and speed of installation. For more information on the Company, visit www.andalaysolar.com.
Forward-Looking and Cautionary Statements - Safe Harbor
Statements made in this release that are not historical in nature, including those related to market acceptance of products, constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "expects," "projects," "plans," "will," "may," "can," "anticipates," believes," "should," "intends," "estimates," and other words of similar meaning. The statements are subject to risks and uncertainties that cannot be predicted or quantified, and our actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks associated with actual sales timelines and availability of modules in the United States. All forward-looking statements included in this release are made as of the date of this press release, and Andalay Solar assumes no obligation to update any such forward-looking statements.
SOURCE Andalay Solar