SOLON Announces New U.S. Operations Strategy

SOLON Corporation ramping down module manufacturing in Tucson, Arizona; Increasing focus on developing innovative solar system solutions

TUCSON, Ariz.--()--SOLON Corporation, one of the largest providers of turnkey solar power plants in the U.S., today announced that it plans to advance its market leadership in the commercial and utility-scale sectors and improve its cost-competitiveness through a new U.S. business operations strategy.

The new company direction, created in response to a dynamic, fast-changing U.S. solar market, will include a shift in manufacturing strategy, introduction of innovative new products and expanded regional support throughout North America.

As a part of this transition, SOLON is phasing out module manufacturing operations in its Tucson facility by the end of October 2011. SOLON will leverage internal resources and existing external partners, providing the most flexibility to choose cost-efficient, quality modules for SOLON systems and projects.

“We regret the near-term impact of this business decision on our employees and the Tucson community, but as a company SOLON is adapting to a rapidly changing solar market,” said Dan Alcombright, President and CEO of North America for SOLON. “Our mission will continue to be to provide superior solar solutions. We will continue to aggressively expand in Tucson and our other U.S. offices to support our efforts on commercial and large-scale project development, supply chain excellence, and new product development.”

SOLON will focus on its core business as a vertically integrated system solutions provider, partnering with utilities and commercial businesses to provide them with the highest quality technology, design and services for their solar deployments. SOLON has introduced several new system solutions since launching its U.S. operations, including its turnkey solar plants, advanced SCADA system for utilities and new energy storage capabilities. Moving forward, SOLON will be investing further into new product development, enabling it to deliver even more solar innovations to partners and customers.

“This change in operations strategy will enable us to better serve the North American market, and we will be introducing innovative new products before the end of 2011. We are committed to Tucson and the excellent talent pool that is offered here, and plan to continue to be an active part of the region’s business community from our company headquarters,” continued Alcombright.

The phase out of module assembly in Tucson will result in the elimination of approximately 60 jobs out of 130 positions at the facility. The remaining jobs in sales and marketing, engineering, research and product development, project management, finance, and other support functions will continue to operate in Tucson.

About SOLON Corporation

SOLON Corporation (www.SOLON.com) is a leading provider of utility-scale and large commercial photovoltaic (PV) system solutions to the North American market. SOLON delivers complete and cost-effective turnkey PV systems to its partners with a streamlined approach from project development, design and construction to financing and operation. With NA headquarters in Tucson, AZ and offices in Phoenix and San Francisco, SOLON is driven by a passion for innovation and a commitment to providing superior solar solutions with unrivalled quality and reliability. Founded in 2007, SOLON Corporation is a subsidiary of SOLON SE, a leading international provider of solar solutions for residential, commercial and utility-scale applications. SOLON SE operates subsidiaries in Germany, Italy, France and the U.S. with more than 800 employees worldwide.

Contacts

Schwartz Communications, Inc.
Tiffany Darmetko, 781-684-0770
Fax: 781-684-6500
solon@schwartzcomm.com
or
SOLON Corporation
Patricia Browne, 520-647-8754
Fax: 520-807-4046
patricia.browne@solon.com

Release Summary

SOLON Corp. announced that it plans to advance its market leadership in the commercial and utility-scale sectors and improve its costs competitiveness through a new U.S. business operations strategy.

Sharing

Contacts

Schwartz Communications, Inc.
Tiffany Darmetko, 781-684-0770
Fax: 781-684-6500
solon@schwartzcomm.com
or
SOLON Corporation
Patricia Browne, 520-647-8754
Fax: 520-807-4046
patricia.browne@solon.com