ICP Solar Technologies Inc. (OTCBB: ICPR) got the ball rolling on the Bulletin Boards today after it announced the opening of a new sales office in Aliso Viejo, Calif. The manufacturer of solar cells and products said the new office will serve as a centralized location for all its California operations, allowing the company to expand and strengthen its relationships with current customers and attract new customers.
“We’re thrilled to be opening an ICP Solar office in the rapidly growing California market to propel sales of our mobile solar chargers. Our products, designed for outdoor enthusiasts, provide green power backup or primary power for vehicles such as automobiles, boats, RVs with the highest level of quality and reliability in the market,” Tom Clark, vice president of North American sales, said in a statement.
The advantages of solar energy reflect the reason behind increased demand and interest in solar solutions and applications. One of those advantages is the sun itself. Eighty nine petawatts of sunlight hit the earth’s surface each day – that’s more than 6,000 times the amount of energy consumed on earth; solar power is also pollution free, pacifying those in the quest for a more environmentally friendly power source.
Though solar power obviously is not available at night or during certain weather conditions, many companies in the industry are finding that the perks outweigh the disadvantages. The interest in solar power is worldwide, and many corporations and institutions are joining the list of homeowners looking to reduce costs and pollution incurred with electricity.
Germany, Japan and the United States lead the way for solar panel installations, offering incentives to those institutions installing the panels; ICP has funneled its focus on California as it anticipates growth and expansion.
“With a nucleus of operations in California, ICP Solar is now perfectly situated to accelerate partnerships with key West Coast distributors in the burgeoning residential and power generation markets in California. We’re just at the beginning of a sharp growth trajectory for ICP Solar,” Sass Peress, ICP chairman and CEO stated.
In response to today’s news, shares of ICP climbed nearly 14 percent to $2.70 by the market’s close.