"In parallel with our efforts to complete our pending merger with CBD, both companies are committed to growing the business in a collaborative effort," said Westinghouse Solar CEO Margaret Randazzo.
"As a first step, CBD, through its solar subsidiaries, has agreed to market and install our solar power systems in the Australian and other international markets. The Australian market enjoys a sound regulatory environment for solar, and provides an opportunity for us to grow revenue in a non-US market devoid of risk of punitive tariffs," Randazzo said.
Westinghouse Solar plans to begin shipping to CBD in the third quarter of this year. Further, the companies have been working on future plans to assemble Westinghouse Solar products in Australia using CBD's newly established solar panel manufacturing facility.
"A key reason for pursuing this merger was the strength of the award winning technology that Westinghouse Solar possesses," said Gerry McGowan, Managing Director and CEO of CBD.
"When coupled with the significant brand awareness the Westinghouse name provides, one of the first items on our agenda was to bring these integrated 'plug-and-play' solar power systems, with fewer parts, superior safety and faster install times to the Australian market," McGowan continued. "After demonstrating the technology to our customers, they have shown strong interest and we are working to make this innovative technology available to them as soon as possible."
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