0001213900-13-004155.txt : 20130812 0001213900-13-004155.hdr.sgml : 20130812 20130812163958 ACCESSION NUMBER: 0001213900-13-004155 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130806 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130812 DATE AS OF CHANGE: 20130812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Arista Power, Inc. CENTRAL INDEX KEY: 0001424640 STANDARD INDUSTRIAL CLASSIFICATION: ENGINES & TURBINES [3510] IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53510 FILM NUMBER: 131030186 BUSINESS ADDRESS: STREET 1: 1999 MOUNT READ BLVD CITY: ROCHESTER STATE: NY ZIP: 14615 BUSINESS PHONE: 585-243-4040 MAIL ADDRESS: STREET 1: 1999 MOUNT READ BLVD CITY: ROCHESTER STATE: NY ZIP: 14615 FORMER COMPANY: FORMER CONFORMED NAME: WindTamer Corp DATE OF NAME CHANGE: 20081126 FORMER COMPANY: FORMER CONFORMED NAME: Future Energy Solutions Inc DATE OF NAME CHANGE: 20080123 8-K 1 f8k080613_aristapower.htm CURRENT REPORT f8k080613_aristapower.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): August 6, 2013
 


ARISTA POWER, INC.
(Exact name of registrant as specified in its charter)
 

 
New York
 
000-53510
 
16-1610794
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
 
1999 Mt. Read Boulevard, Rochester, New York
 
14615
(Address of principal executive offices)
 
(Zip Code)
 
(585) 243-4040
(Registrant’s telephone number, including area code)
 
Not Applicable
(Former name or former address, if changed since last report.)
 

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):
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 

 
 
Item 1.01                      Entry in a Material Definitive Agreement
 
On August 6, 2013, Arista Power, Inc. (the “Company” or “Arista Power”) entered into an Agreement (the “Sales Agreement”) with Stan’s Harley-Davidson, Inc. (“Stan’s Harley-Davidson”) pursuant to which Stan’s Harley-Davidson has agreed to purchase from Arista Power a 166kW solar photovoltaic (PV) array valued at $574,000.

Item 8.01                      Other Events
 
On August 12, 2013, Arista Power issued a press release, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
 
Item 9.01
 
(d)           Exhibits
 
Exhibit Number
 
Description
99.1
 
Press Release issued August 12, 2013.

 
2

 
 
SIGNATURE
 
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.
 
 
ARISTA POWER, INC.
     
 
By:
/s/ William A. Schmitz
   
Name: William A. Schmitz
    Title : Chief Executive Officer
 
Dated: August 12, 2013
 
 
3

 
 
EXHIBIT INDEX
 
Exhibit Number
 
Description
     
99.1
 
Press Release issued August 12, 2013.

 
4

 



EX-99.1 2 f8k080613ex99i_aristapower.htm PRESS RELEASE f8k080613ex99i_aristapower.htm
Exhibit 99.1
 
ARISTA POWER RECEIVES $574,000 ORDER FROM STAN’S HARLEY-DAVIDSON DEALERSHIP FOR 166Kw SOLAR PHOTOVOLTAIC ARRAY
 
Rochester, NY, August 12, 2013 – Arista Power, Inc. (“Arista Power” or the “Company”) (OTCBB: ASPW) has received an order valued at $574,000 for a 166kW solar photovoltaic (PV) array from Stan’s Harley-Davidson dealership in Batavia, New York.
 
Stan’s Harley-Davidson is a second generation retail and service dealership occupying a 28,000 square foot facility on the north side of Batavia, New York.  The solar system will be comprised of more than 600 American-made solar panels mounted on the storefront’s roof.  The 166kW system will be tied into the building’s existing electrical service and will be interconnected to National Grid’s transmission lines.
 
The solar photovoltaic array is projected to generate 100% of Stan’s current annual consumption of electricity and will provide a payback of just over seven years after taking in account New York State and Federal incentives.  Arista Power expects to install the solar PV array in the first half of the fourth quarter of 2013.
 
Darryl Horzempa, President and Owner of Stan’s Harley-Davidson, said “Now is the time for us to invest into the solar market, especially with all of the tax credits and incentives available for New York businesses. We have focused on reducing our power consumption to a point where this 166kW solar PV system will generate all of our electricity needed on a yearly basis.”  Mr. Horzempa continued “Making this investment in solar will fix our energy costs moving forward, and help better plan for future generations in our family business.  This solar PV array is one of the centerpieces of our sustainability initiative, along with our environmental outlook and recycling programs.”
 
“This order from Stan’s Harley-Davidson demonstrates the value we can provide to commercial customers by tailoring our suite of renewal energy solutions to meet the specific needs of each customer based on their individual energy usage profiles,” said Mark Matthews, President of Arista Power.  “From stand-alone solar energy systems to the integration of solar and/or wind energy with our patent-pending Power on Demand peak demand shaving system, we believe that our capabilities to create and implement a wide range of customer-specific renewable-based energy saving solutions for residential, commercial and military applications differentiates Arista Power and will lead to more successes going forward.”
 
 
 

 
 
About Arista Power, Inc.
Arista Power, Inc. is a developer, manufacturer, and supplier of custom-designed power management systems, renewable energy storage systems, 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.  For more information on Arista Power, visit the Company’s website at www.AristaPower.com.  View, Like, and Follow the Company’s social media platforms at:
 
Facebook: Facebook.com/AristaPower
Twitter:  Twitter.com/AristaPower
LinkedIn:  Linkedin.com/company/arista-power-inc
YouTube:  YouTube.com/channel/AristaPower

About Stan’s Harley Davidson, Inc.
Founded in 1958, Stan’s Harley-Davidson is a retail and service Harley-Davidson Dealership located on 4425 West Saile Drive in Batavia, New York. Stan’s Harley-Davidson is an award-winning Harley-Davidson dealership in Western New York. More information at www.stanshd.com.