Tag: Truecast Capital

Standard Solar, Inc. Completes Senior Management Team

by Standard Solar on Oct.13, 2008, under Standard Solar

FOR IMMEDIATE RELEASE
October 13, 2008

Contact: Jim Pierobon
(301) 944-1200 x1029 direct
(301) 520-1758 mobile
JimPierobon@StandardSolar.com

STANDARD SOLAR, INC. COMPLETES SENIOR MANAGEMENT TEAMGAITHERSBURG, MD, Oct. 13 – Standard Solar, Inc., the Mid-Atlantic region’s premier turnkey provider of solar energy systems, has completed its senior management team and is poised to capitalize on a vastly-improved climate for solar energy investments by homeowners and businesses.

Joining the management team since September under Chairman Steve Lamb and President and Chief Executive Officer Anthony Clifford and working alongside of Chief Technology Officer Lee Bristol are:

Mark Denner, Vice President & Chief Operations Officer Denner brings a comprehensive set of skills in operations and project management in the public and private sectors. Previously he was Vice President of Engineering, Procurement, Construction and Research & Development at SunEdison, LLC. Before that he oversaw the Operations Division at Enron Energy Services and served a variety of roles at IBM and what is now the U.S. Department of Health and Human Services.

Mar Kelly, Vice President, National Sales Kelly has held senior photovoltaic sales management posts at Astropower, GE Energy, Home Depot Solar and Conergy AG where she built profitable sales networks, project backlogs and retail partner sales in Maryland, Pennsylvania, Delaware, New Jersey, New York and Connecticut. Before entering the solar industry, she built a 14-office national environmental and engineering due diligence firm, MAK Environmental, which she sold in 2000.

Jim Pierobon, Vice President & Chief Marketing OfficerPierobon has been helping launch and scale up several private-sector renewable energy and non-profit organizations including the American Council On Renewable Energy through his Pierobon & Partners network of marketing communications professionals. Previously he co-managed the energy and environmental practice at Ogilvy Public Relations Worldwide and helped build a specialized energy PR offering at Potomac Communications Group. He began his career as the lead economics and energy writer for the Houston Chronicle.

Kelly Tura, Vice President & Chief Financial Officer
Tura is a Certified Public Accountant who has served as a senior financial consultant to companies in the defense contracting market performing due diligence, start-up and restructuring activities. She has served as Director of Finance for the Federal Government Group at Unisys where she was responsible for all financial management aspects of the company including accounting, program finance, estimating and contracts. She has also served as Senior Finance Manager for Lockheed Martin Information Technology and Vice President-Finance at Affiliated Computer Services. Early in her career she worked at what is now PricewaterhouseCoopers and Ernst & Young.

Earlier this month Truecast Capital, where Chairman Steve Lamb is a Managing Partner, completed the company’s second-round of financing raising $8.5 million from several private and institutional investors despite turmoil in financial markets.

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About Standard Solar, Inc.Standard Solar is a full-service, turnkey solar system developer and integrator specializing in residential and commercial solar power installations. It is one of a growing number of Maryland-based companies positioned to meet the growing demand for clean technologies and renewable sources of energy. For more information, please visit: www.StandardSolar.com.

C-SUITE EXECUTIVES BRING WELL-HONED SKILLS FROM LEADING COMPANIES AND SERVICE PROVIDERS

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STANDARD SOLAR RAISES $8.5 MILLION TO FUND EXPANSION; MEET GROWING DEMAND FOR RESIDENTIAL AND COMMERCIAL SOLAR ENERGY SYSTEMS

by Standard Solar on Oct.09, 2008, under Standard Solar

FOR IMMEDIATE RELEASE
October 9, 2008

Contact: Jim Pierobon
(301) 944-1200 x1029 direct
(301) 520-1758 mobile
JimPierobon@StandardSolar.com

STANDARD SOLAR RAISES $8.5 MILLION TO FUND EXPANSION; MEET GROWING DEMAND FOR RESIDENTIAL AND COMMERCIAL SOLAR ENERGY SYSTEMS

CAPITAL INFUSION COMES DESPITE TURMOIL IN FINANCIAL MARKETS

GAITHERSBURG, MD – Standard Solar, Inc., the Mid-Atlantic region’s premier, turnkey provider of solar energy systems, has raised $8.5 million to fund geographic expansion and scale up the company’s ability to meet growing demand in its targeted residential and commercial markets.

“We have fine-tuned our business strategy over the past several months and are poised to execute on it,” said Anthony Clifford, Standard Solar’s President and Chief Executive Officer. “This new funding could not have come at a better time. It allows us to take immediate advantage of the historic solar tax credit legislation just passed by Congress and signed into law by President Bush.”

Most of the money is to be used to scale up the company’s marketing initiatives and its ability to meet the growing demand for residential photovoltaic installations and small to mid-size commercial systems for businesses, schools, government agencies and other organizations. This funding also enhances the financial, operational and customer service capabilities needed to support this expansion.

Truecast Capital of Middleburg, Virginia completed the second-round of company financing with investments from several private and institutional investors despite turmoil in financial markets.

At the start of 2008, Standard Solar employed 12 persons – today it employs 42 – and expects to complete its senior management team in the very near future. The company began commercial operations in June 2006.

This past summer, Standard Solar completed the installation of more than 800 high-efficiency solar panels manufactured by SunPower Corporation atop the headquarters of the U.S. Department of Energy in Washington, DC. Currently one of the largest solar systems in the region, this 205 kilowatt array generates up to 222,000 kilowatt hours of electricity per year and offsets 270 tons of carbon dioxide and other greenhouse gases annually.

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About Standard Solar, Inc.:
Standard Solar is a full-service, turnkey solar system developer and integrator specializing in residential and commercial solar power installations. It is one of a growing number of Maryland-based companies positioned to meet the growing demand for clean technologies and renewable sources of energy. For more information, please visit: http://www.standardsolar.com/.

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Standard Solar of Maryland to Expand With Funding from Truecast Capital

by Standard Solar on Mar.03, 2008, under Standard Solar


NEWS RELEASE
Gaithersburg, Maryland – Monday, March 3, 2008: Standard Solar Inc., has announced an investment of $3.5 million by Truecast Capital, LLC of Middleburg, Virginia. The 3-year old solar energy services company, headquartered in Gaithersburg, Maryland, a Washington, DC suburb, has quickly grown to be the area’s largest provider of residential and small commercial solar power systems.”We are excited by this vote of confidence in not only our company, but in the rapidly growing market in this region for solar energy systems,” said company founder and chairman, Neville Williams. “We have thus far confirmed our belief that many homeowners and businesses want to buy solarelectric systems, but they don’t know who to call. That’s why we launched Standard Solar. We have attracted a talented and dedicated team of people who believe our vision to make Standard Solar the supplier of choice for solar solutions. Our people are extremely committed to the company’s mission and to the environment.”

“This investment is a credit to the progress Standard Solar has made and enables the company to fulfill its vision to become the premier installer of solar serving the residential and commercial markets, ” said Steve Lamb, a managing partner at Truecast Capital, LLC.

Truecast Capital’s focus is to bring capital and management expertise to the leadership of small to mid-size firms. Truecast Capital’s investment will be used to build Standard Solar’s capacity to meet the demands of the clean energy marketplace in the Washington, DC metropolitan area and beyond.

Standard Solar is a Delaware Corporation, founded in early 2005, doing business in Maryland, Virginia and the District of Columbia. The company launched operations in mid-2006 after Lee Bristol, General Manager and VP, merged his residential solar installation business with Standard Solar.

“We think bringing in this combination of capital and managerial experience will be a huge gain for the company,” said Standard Solar’s president, Anthony Clifford. “There is the potential for enormous growth in both the residential and commercial solar electric installation business,” he added. Clifford and Bristol will lead the company’s expansion plans, which include Baltimore, Delaware, Pennsylvania and the Mid-Atlantic region.

Neville Williams, 65, who founded the company after a previous career that began with promoting renewable energy for the Carter Administration and included twelve years bringing solar power to 100,000 unelectrified families in 11 countries, will step down as chairman, and remain on the board of directors.

About Standard Solar
Standard Solar, Inc. provides professional standardized residential and small custom commercial solar electric and solar hot water system installation services. Their professional technicians are certified by the North American Board of Certified Energy Practitioners (NABCEP) and trained by their Solar Power equipment manufacturers. Standard Solar offers BP Solar low-profile “Integra” Photovoltaic systems, made in Frederick, Maryland, and SunPower high-efficiency “Intelegant” PV systems manufactured by US-owned SunPower Corporation. Standard Solar is a Premium Authorized SunPower Dealer. Contact Standard Solar at http://www.standardsolar.com/ to receive a detailed electronic package of information on solar energy system prices and services.

For more information contact Tony Clifford, tel: 301-944-1200 x 1001 or email: tonyclifford@standardsolar.com.

Standard Solar of Maryland to Expand With Funding from Truecast Capital

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