GeoGenix Announces the Acquisition of Heat Shed, a Leading Pennsylvania-Based Solar Integrator

RUMSON, N.J., April 4, 2011 /PRNewswire/ -- GeoGenix, one of the Mid-Atlantic region's industry leaders in residential and commercial solar installations, today announced the acquisition of Heat Shed, Pennsylvania's leading residential solar installer. Together, the companies boast a total of 750 completed solar installations throughout the region.

The announcement took place at PV America 2011, the northeast/mid-Atlantic region's most influential event for industry insiders being held at the Pennsylvania Convention Center in Philadelphia April 3 through 5. GeoGenix is a sponsor of the show.

"A natural synergy exists between GeoGenix and Heat Shed that made the joining of these two companies an easy decision," said Gaurav Naik, principal, GeoGenix. "We're each one of the oldest integrators in our respective states, which gives us an unsurpassed level of solar knowledge and know-how. More importantly, customer service and education are the values both companies have centered their business around, and the foundation upon which they plan to build in the future," Naik added.

SunPower Corp. recognized this commitment to superior customer service when it honored GeoGenix with the 2010 "Outstanding Customer Service" award. The company was selected from a pool of over 400 solar panel dealers in North America.

"Both GeoGenix and Heat Shed have dominated their territories with a philosophy that says customers are extended members of the family," said Charlie Reichner, the owner of Heat Shed. "We truly believe that and are confident this acquisition only strengthens this core value."

This acquisition comes on the heels of the 2010 U.S. Solar Market Insight report recently issued by the Solar Energy Industries Association (SEIA), which stated that Pennsylvania joined the ranks of the top 10 states in the nation for solar capacity, holding sixth place, in 2010. New Jersey holds second place, after California.

The rankings are a result of generous state incentives that make commercial and residential solar an excellent investment in both states.

"We're sure to capture even more of the market as we move forward with our collective 20 years of experience installing solar," added Naik.

PV America 2011 is attended by nearly 3,000 buyers, technology experts and industry leaders looking for the latest products and service, updates on public incentives and networking opportunities. Proceeds from the three-day event support the expansion of the U.S. solar energy market through the Solar Energy Industry Association's (SEIA) and the Solar Electric Power Association's (SEPA) research and education activities, as well as SEIA's advocacy efforts.

About Heat Shed

Established in 1973, Heat Shed is recognized as the leading residential solar installer in Pennsylvania, with over 250 systems installed to date. It recently became part of GeoGenix, a N.J.-based solar integrator and proud winner of the SunPower 2010 "Outstanding Customer Service" award. Heat Shed's growth has been propelled by enthusiastic customer referrals, as well as by its skill, expertise and reputation for quality. The Heat Shed office and the homes of many of its employees are powered by the sun, demonstrating the commitment of the company and its staff to the technology. For more information, visit the Heat Shed website at www.heatshed.com.

About GeoGenix

GeoGenix is an industry leader with a proven track record in residential and commercial solar installations. The firm is an East Coast pioneer of "community solar," which allows residents of a community to band together to purchase solar for their individual homes at a discount. Selected from a pool of over 400 solar panel dealers in North America, GeoGenix was given the "Outstanding Customer Service" award in 2010 by SunPower. Additional achievements include installing the first "net zero" electric commercial building in the nation. While there are many new entrants in the solar business, GeoGenix has been installing solar since 2001 and has the experience and expertise that have made it one of the region's most trusted solar installers. For more information, please visit the GeoGenix website and blog, as well as its Facebook and Twitter pages.

SOURCE GeoGenix