ROCHESTER, N.Y., Jan. 16, 2013 – Arista Power, Inc. (“Arista Power” or the “Company”) (OTCBB: ASPW), a developer, manufacturer, and supplier of custom-designed power management systems, renewable energy storage systems, and a supplier and designer of solar energy systems, announced today that the City of Hornell, New York has selected Arista Power as the lead contractor for a solar purchasing program for their community, called “Solarize Hornell.”
Shawn Hogan, the Mayor of Hornell said, “We are proud to offer this innovative program to our community. Arista Power is offering competitive pricing, an experienced and NYSERDA certified installation team that will work with local contractors, a strong network of suppliers, a familiarity of our community and the NYSERDA tax incentive application process, and a strong, collaborative company presence that has already successfully Solarized a New York State county.”
Solarize Hornell is a solar purchasing program available to the community that offers competitive pricing, a streamlined process from site assessment to installation and tax incentive form assistance, educational workshops, and local workforce training. The program will be available to area home and business owners, farmers, institutions, and municipalities on a first come, first serve basis for a limited time. Site assessments are complimentary.
“Our partnership with Arista Power will provide Genesee County businesses and residents the opportunity to learn more about solar energy as a way to potentially lower their electricity costs in an environmentally friendly way,” said Steve Hyde, president and CEO of the Genesee County Economic Development Center. “We are excited to be partnering with such a reputable solar energy company, as Arista Power offers competitive pricing and incentives, an experienced installation team, and a strong network of suppliers.”
John Benetti, Project Director at Arista Power, said, “We are taking the successful community solar purchasing model that we implemented for the Solarize Madison County program and are bringing it to the City of Hornell in Steuben County, New York and the surrounding area. Our customers are realizing how effective solar energy generation works in New York and in many cases they are able to eliminate over 90% of their electric bill with a system.”
About Arista Power, Inc.
Arista Power, Inc. is a developer, manufacturer, and supplier of custom-designed power management systems, renewable energy storage systems, WindTamer wind turbines, and a supplier and designer of solar energy systems. Arista Power’s patent-pending Power on Demand system utilizes inputs from multiple energy sources including wind, solar, fuel cells, and the grid, in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce peak power demand, thereby lowering electricity costs for large energy users who deal with peak usage pricing. Arista Power also sells a Mobile Renewable Power Station (MRPS) that utilizes energy generated from wind, solar PV, generators, fuel cells and other energy-generating devices that is stored in an integrated onboard storage device for military and other applications, and a stationary, scalable Renewable Power Station (RPS) that can be drop-shipped to off-grid locations to be used as a micro-grid. Arista Power’s diffuser-augmented WindTamer wind turbine utilizes a patented technology for the production of electrical power.
About the City of Hornell, New York
The City of Hornell is located in Steuben County, New York. Located in Steuben County, Hornell is within two hours of most major cities in western, central and southern New York. The nearby Finger Lakes provide many recreational and nature activities. There are two state parks and four county parks a short distance away.
To learn more about the City of Hornell, visit: www.cityofhornell.com
This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. Arista Power, Inc. cautions investors not to place undue reliance on forward-looking statements, which reflect Arista Power’s analysis only as of today’s date. There can be no assurance that such forward-looking statements will prove to be correct, and actual results could differ materially. Arista Power undertakes no obligation to publicly update forward-looking statements. Further information on these factors, and other factors that could affect Arista Power’s financial results, is included in Arista Power’s Securities and Exchange Commission filings, including the latest Annual Report on Form 10-K.
Arista Power, Inc.
Cherrie Mahon, VP of IR & Communications
At City of Hornell
City of Hornell
82 Main St., PO Box 627
Hornell, NY 14843
P (607) 324-7421
F (607) 324-3150