Entech Solar, a developer of concentrating solar energy systems, says it has suspended its manufacturing operations for its current generation of concentrating solar systems in order to focus all of its resources on the rapid development and commercialization of its next-generation products.
‘The implementation of this change in strategic direction is already under way at Entech, and we have moved aggressively to reduce headcount and costs related to our current manufacturing operations,’ states Frank Smith, CEO of Entech Solar. ‘The board made this strategic decision based on the promise of our next-generation solar products, which will offer a significantly higher value proposition to customers and address a larger market, including rooftop applications, versus our current systems.
‘The company is restructuring itself around this new strategy and is dedicating all resources to ensuring its success,’ he continues.
SOURCE: Entech Solar