-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F2FYzK2+JKo/ctMBnwDaUVuCklRVUMiLMDTy/LTOmxWLZP/QISPhpUb2/CdszBMN YUwpkdafINtQZ9kr1BEj0Q== 0001144204-09-017986.txt : 20090331 0001144204-09-017986.hdr.sgml : 20090331 20090331171146 ACCESSION NUMBER: 0001144204-09-017986 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090331 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090331 DATE AS OF CHANGE: 20090331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Akeena Solar, Inc. CENTRAL INDEX KEY: 0001347452 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433] IRS NUMBER: 205132054 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33695 FILM NUMBER: 09720071 BUSINESS ADDRESS: STREET 1: 16005 LOS GATOS BLVD CITY: LOS GATOS STATE: CA ZIP: 95032 BUSINESS PHONE: 408-395-7774 MAIL ADDRESS: STREET 1: 16005 LOS GATOS BLVD CITY: LOS GATOS STATE: CA ZIP: 95032 FORMER COMPANY: FORMER CONFORMED NAME: Fairview Energy Corporation, Inc. DATE OF NAME CHANGE: 20051220 8-K 1 v144915_8k.htm
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
Form 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (date of earliest event reported):
March 31, 2009

AKEENA SOLAR, INC.
(Exact name of registrant as specified in its charter)
         
Delaware
 
000-52385
 
90-0181035
(State or other jurisdiction of incorporation)
 
(Commission File No.)
 
(I.R.S. Employer Identification No.)

16005 Los Gatos Boulevard
Los Gatos, California 95032
(Address of principal executive offices)

Registrant’s telephone number, including area code:
(408) 402-9400

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 

 
On March 31, 2009, the Registrant issued a press release to announce a supplier relationship and license agreement with MS Solar Solutions Corp. The text of the press release is attached hereto as Exhibit 99.1.

The information in this Item 7.01 of this Current Report and in the related exhibit is furnished pursuant to Item 7.01 and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.


Item 9.01                      Financial Statements and Exhibits.
 
(d) Exhibits
 
         
Exhibit No.
 
Description
         
 
99.1
   
 Press release dated March 31, 2009
         

 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date:  March 31, 2009
 
 
AKEENA SOLAR, INC.
 
       
 
By:
/s/ Gary R. Effren  
    Gary R. Effren,  
    Chief Financial Officer  
       

 
 

 


Exhibit Index

         
Exhibit No.
 
Description
         
 
99.1
   
 Press release dated March 31, 2009
         
 
 
 

 
EX-99.1 2 v144915_ex99-1.htm

Exhibit 99.1

 
For Immediate Release


Akeena Solar Announces Supplier Relationship and US License with MS Solar Solutions Corp. for Andalay AC Solar Panel
Two Leaders Will Collaborate on Low-Income Housing Units and Large Tract Home Projects

LOS GATOS, Calif. — March 31, 2009 — Akeena Solar (NASDAQ: AKNS), one of the leading installers of solar power systems, today announced that it will be the exclusive solar panel supplier for two years to MS Solar Solutions Corp. (“MSSS”), a subsidiary of Morgan Stanley’s Commodities group, for projects resulting from MSSS’ efforts to outfit low-income households nationwide with Akeena’s proprietary Andalay AC solar panels.  MSSS will also have the option to purchase Andalay AC panels for their sales efforts to large tract homebuilders. As part of the agreement, Akeena Solar has granted a royalty-bearing limited U.S. license to MSSS for the manufacture and sale of Andalay AC panels.

Akeena Solar will provide their Andalay AC panels to MSSS for the low income market, and in turn, MSSS will buy all of its solar panel requirements for projects related to low-income housing from Akeena.  MSSS will partner with governmental and local community groups to install the Andalay AC panels on low-income properties to provide solar-generated electricity to low-income families.  The combination of green job creation, improved green energy usage in the low-income housing sector and expanded renewable energy generation achieves several of goals sought by the 2009 American Recovery and Reinvestment Act.

The agreement terms also provide MSSS with the option to purchase Andalay AC panels from Akeena or from Akeena’s manufacturers, with Akeena Solar receiving a royalty payment. MSSS is targeting low-income housing installations in a number of U.S. states over the next two years.  Their first low-income project is scheduled to begin construction in California in April.

“We’re excited to have found the ideal solar panel solution for these projects with Akeena Solar’s Andalay AC solar panels.” said Morgan Stanley Vice President Martin Mobley. “Andalay’s simplified and fully integrated design provides households with reliable green power while also enabling us to efficiently train ordinary workers to install them.”

Andalay AC panels are ideally suited for building a green workforce, especially for unskilled workers who are unfamiliar with installing high-voltage DC power systems. The new Andalay AC panels eliminate the complicated racking, DC wiring and high-voltage components found with ordinary solar systems, while reducing the overall system parts count by up to 80 percent. The result is a simplified installation process that can cut installation time in half. Moreover, the inverters built into each Andalay AC panel will reduce the effects of shading and panel mismatch—which can boost overall energy output by up to 5 to 25 percent.

“This partnership with MS Solar Solutions allows Akeena Solar to expand our distribution of Andalay panels and reach market segments we would not otherwise be able to scalably address as an installer,” said Akeena Solar CEO Barry Cinnamon. “Together we are able to make clean, renewable energy a reality for low-income residents who could not otherwise benefit from it—an important facet of both Akeena Solar’s and MS Solar Solution’s goal of furthering solar energy adoption.”

 
 

 

About Akeena Solar, Inc.
Founded in 2001, Akeena Solar's philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national installers of residential and commercial solar power systems in the United States.  The company's new integrated solar panel system, Andalay, is the only solar panel system with integrated racking, wiring and grounding.  Andalay panels offer unprecedented reliability, performance and beautiful design.  For more information, visit Akeena Solar's website: www.akeena.com.
 
About Morgan Stanley and MSSS
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.  The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 37 countries.  Morgan Stanley conducts its commodities business through Morgan Stanley Capital Group Inc. and its subsidiaries, including MS Solar Solutions Corp. For further information about Morgan Stanley, please visit www.morganstanley.com


Akeena Company Contact:                                                                
Jose Tengco
Akeena Solar                                                                           
(408) 422-9422
jtengco@akeena.com

Akeena Public Relations Contact:                                                                
Wendy Rosen
Antenna Group Public Relations                                                                           
(415) 977-1930
wendy@antennagroup.com

Akeena Investor Relations Contact:                                                                
Amy Gibbons
Lippert/Heilshorn & Associates, Inc.                                                                           
212-838-3777
agibbons@lhai.com

 
 

 

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