Dallas, Texas 01/10/2014 (FINANCIALSTRENDS) – Andalay Solar Inc (OTCMKTS:WEST), is a US solar component manufacturer, which involves an alternative technology- microinverters, on its solar panels and solar power systems. The company is known for its high quality design, as it is highly successful in the market segment, where users prefer to assemble solar systems for their needs personally.
Andalay Solar Inc (OTCMKTS:WEST) has been operating on secure platforms as it received support from credit-worthy partners such as Southridge Partners. The company has since bought $5 million in WEST stock and will operate a functional loan, starting November of 2013
Andalay Solar Inc (OTCMKTS:WEST) continues to use its former name – Westinghouse Solar Inc, and thus WEST on the stock market, after the transfer in September 2013. The company operates on a market capital of 2.30 million and has Margaret Randazzo as the CEO.
The company’s main product line it the Andalay AC Solar power technology which is an award-winning panel. It has even won the 2009 Popular Mechanics Breakthrough Award and continues to be the most popular of the products in this line.
Andalay Solar Inc (OTCMKTS:WEST) is on target to offer new generation of products which it calls “Instant Connect’ is expected to see higher market base. Earlier in October, the company had acquired Zep Solar Acquistion to improve the range of products it offers. Zep Solar Acquistion allows the production of integrated components for the industry.
The integration allows Andalay Solar to bring down the cost of its components as the number of parts to be used drops. Besides, all direct and indirect labor costs too are minimized by the company. The integration will also improve the panel to panel connection from a splicing principle to a more structural integration. As the panels have successfully passed tests by analysts, Andalay’s claim to offering the best in microinverters comes through.