ROCHESTER, N.Y., Oct. 3, 2011 /PRNewswire/ -- Arista Power, Inc. (“Arista Power” or the “Company”) (OTCBB: ASPW), a developer, manufacturer, and supplier of custom-designed power management systems, renewable energy storage systems, WindTamer wind turbines, and a supplier of solar energy systems, announced today that it has received an order valued at $172,000 from EaglePicher Technologies LLC (“EaglePicher”) to supply wind turbines and solar PV together with certain technology and engineering services.
William A. Schmitz, Chief Executive Officer of Arista Power, said that, “This contract and ongoing collaboration with EaglePicher demonstrates that the team we have assembled at Arista Power is both willing and able to utilize our expertise in renewable energy and storage technologies to work with a wide variety of energy solutions providers to develop and market new products designed to solve the challenge of providing renewable energy when and where it is most needed and to address the growing burden of peak electricity demand both on the grid and on large commercial users of electricity.”
About Arista Power
Arista Power, Inc. is a developer, manufacturer, and supplier of custom-designed power management systems, renewable energy storage systems, WindTamer wind turbines, and a supplier of solar energy systems. Arista Power's patent-pending Power on Demand system utilizes inputs from multiple energy sources including wind, solar, fuel cells, and the grid, in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce peak power demand, thereby lowering electricity costs for large energy users who deal with peak usage pricing. Arista Power also sells a Mobile Renewable Power Station that generates wind and solar energy that is stored in an onboard storage device for military and other applications, and a stationary, scalable Renewable Power Station that can be drop-shipped to off-grid locations to be used as a "micro-grid." Arista Power's diffuser-augmented WindTamer wind turbine utilizes a patented technology for the production of electrical power. For more information on Arista Power, go to www.aristapower.com.
About EaglePicher Technologies LLC
EaglePicher Technologies LLC has been has been a leader in designing and manufacturing batteries, battery management systems and energetic devices for the defense, aerospace, medical and commercial industries for nearly a century. For more on EaglePicher Technologies LLC, please go to www.eaglepicher.com.
This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. Arista Power, Inc. cautions investors not to place undue reliance on forward-looking statements, which reflect Arista Power's analysis only as of today's date. There can be no assurance that such forward-looking statements will prove to be correct, and actual results could differ materially. Arista Power undertakes no obligation to publicly update forward-looking statements. Further information on these factors, and other factors that could affect Arista Power's financial results, is included in Arista Power's Securities and Exchange Commission filings, including the latest Annual Report on Form 10-K.
SOURCE Arista Power, Inc.