Atlantic Wind & Solar Shareholder Update; Receives More Ontario FIT Contract Awards, Strengthens Team - Expands U.S. Drive Solar Program
Toronto, ON Thursday, June 16, 2011 Atlantic Wind & Solar Inc. (OTC:AWSL) is pleased to report they have received notice by the Ontario Power Authority (OPA), confirming that another two of their Capacity Allocation Exempt (CAE), Power Purchase Agreement (PPA) applications have been successfully approved - Bringing Atlantic's total awarded Feed In Tariff (FIT), PPA contracts to five.
The company will bring these initial utility scale, rooftop solar energy projects into their execution stage within the next 10 days, and looks forward to announcing its first scheduled construction dates in the near future.
As indicated in the OPA's publicly released list of CAE FIT Contracts Offered (Phase 3), Atlantic's wholly owned Canadian subsidiary (Atlantic Solar Inc.) will be receiving a total of twenty government contracts within the next eight weeks. The Company expects to receive several more approved contracts thereafter.
Atlantic would like to take this opportunity to congratulate some of its partners and valued clients, who have also received multiple awarded contracts over the last two weeks, and looks forward to having the opportunity to help bring these and other large scale, commercial rooftop solar parks into operation over the months ahead.
Strengthens Team - Expands U.S. Solar Program
Atlantic Wind & Solar welcomes Ms. Andrea Weingarten to the team, as she is appointed to the position of Regional Program Manager and head of its new Northwestern U.S. Drive Solar Program (DSP).
Ms. Weingarten brings a wealth of knowledge and experience, combined with strong strategic relationships to Atlantic, as it prepares to increase its service offerings across the United States.
Andrea spent most of the last decade at one of the big three motor companies in Marketing, Sales and Service... half of which she served as Zone Manager. Working closely with over 120 corporate and independently owned automotive dealerships in Southern California, Arizona, Michigan and Ohio, Andrea has played an intricate role in the execution of Customer Satisfaction, Inventory, Marketing, Facilities and Profitability programs.
Atlantic CEO, Mr. Gilles Trahan affirms "Andrea is a natural team leader, experienced in the development and deployment of full scale, corporate programs for a well known Fortune 500 company... programs that reportedly have been proven effective by measurable change. We look forward to working with and supporting Andrea as she begins to implement renewable energy based marketing strategies that she has developed over the past several months."
Ms. Andrea Weingarten comments "I'm pleased to have the opportunity to officially join the Atlantic ranks and believe their rooftop solar energy systems combined with their risk management approach and advanced technologies will provide us a unique competitive advantage when assisting targeted, socially responsible corporations to meet their Go-Green and eco friendly mandates and initiatives."
About the Drive Solar Program (DSP)
For more information about Atlantic's U.S. Drive Solar Program, please contact Andrea Weingarten at +1 800 891 1657 ext. 228, or email: AWeingarten@AtlanticWindandSolar.com
To view Atlantic's corporate YouTube video introduction, please click here
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission including the Company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
Investor Relations Contact:
Mr. Brent O'Connor
+1 416 900-0380 ext.223