Westinghouse Solar Inc., doing business as Andalay Solar, says it has begun receiving product from its new supplier and has fulfilled and shipped back orders to customers. The company also has secured convertible note financing of $200,000 to support its sales force over the next several quarters as it seeks to penetrate the residential and commercial solar energy market.
Westinghouse Solar is seeking shareholder approval to change its name to Andalay Solar Inc., aligning itself with the name of the existing proprietary solar panel technology currently offered through its sales and distribution channels.
‘We are excited to be entering this new chapter at our company,’ says Westinghouse Solar CEO Margaret Randazzo. ‘Our business plan contemplates continued revenue growth in the coming year with a strong focus on a lean cost structure as we target achieving cash flow break-even and profitability over the next several quarters.’