Arista Power, a manufacturer, designer and integrator of
renewable energy generation, management and distribution systems, announced
that it has achieved $2.3 million booked orders for 2011, an increase of $1.5
million, as compared to 2010 booked orders of $0.8 million.
“We fell significantly short of our previous
estimate of at least $15 million in booked orders for 2011. However, we
attribute this shortfall to longer than expected lead times with large
government and commercial customers, and not lack of interest in our products,”
said
William A. Schmitz, chief executive officer of Arista Power.
Arista Power sells a Mobile Renewable Power
Station that generates wind and solar energy that is stored in an onboard
storage device for military and other applications, and a stationary, scalable
Renewable Power Station that can be drop-shipped to off-grid locations to be
used as a ‘micro-grid.’
For 2012, the company expects booked orders of at
least $17.5 million and recognized revenues of at least $7.5 million, with the
majority of booked orders and recognized revenues occurring in the second half of
the year.
“In 2011, we established foundations in our sales and
marketing efforts and in our research and development for our Power on Demand
system, our mobile renewable power station, our micro-grid, and our other
renewable energy systems that we believe will enable us to meet or exceed our
current projections for 2012,” Schmitz added.
Arista Power recently announced that it received an order from Zweigle’s, for a Power on Demand renewable energy storage and
management system to be installed at Zweigle’s state-of-the-art manufacturing
facility in Rochester, New York.