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Latest Scoop
Schaedler
Yesco to Buy Service Electrical Supply
Schaedler Yesco Distribution Inc., Harrisburg, Pa., has
signed a letter of intent to acquire the assets of Pittsburgh-based
Service Electrical Supply Co. Inc.
With headquarters in Pittsburgh and a branch located in New Kensington,
Pa., Service Electrical Supply is a full-line distributor of electrical
components serving contractors, as well as commercial and industrial
accounts, in the greater Pittsburgh marketplace. The company was
founded
in 1983.
Philips
and Lighting Science Group Settle Litigation and Continue LED
Relationship
Lighting Science Group Corp. (LSG), Dallas, and Royal
Philips Electronics of the Netherlands have settled all of their
commercial and intellectual property disputes by way of a comprehensive
agreement that revives their former commercial alliance. The agreement
provides that trade in LED lighting products between the companies will
be intensified, that LSG takes out a royalty-bearing license to the
Philips LED-based luminaires and retrofit bulbs licensing program, and
that Philips will make a limited equity investment in LSG.
Nanosolar
Begins Utility Panel Output
One of the more intriguing players on the solar stage
finally unveiled a bit more of its plans to dominate the solar market.
Backed by a group of high-profile investors that includes Google
co-founders Sergey Brin and Larry Page, Nanosolar, San Jose, Calif.,
first tantalized solar enthusiasts in 2006 with a glimpse of its
innovative thin-film photovoltaic cells, which could be printed with a
proprietary ink on inexpensive metal foil.
The company has offered few details on its progress and has spent the
past few years quietly refining the technology. This week, Nanosolar
stepped out of the shadows into the solar spotlight with two
announcements: that it had begun mass production of its Nanosolar
Utility Panel, which it promotes as the industry’s first solar
electricity panel specifically designed and developed for utility-scale
solar power system deployment; and that it had smashed several records
for converting sunlight into electricity.
According to the company’s blog, www.nanosolar.com, a fully-automated
factory near Berlin in Luckenwalde, Germany, can produce the panels at
a
rate of one every ten seconds, or an annual capacity of 640MW when
operated 24x7.
People On The Move
Summit
Electric makes several promotions
Summit Electric Supply (Albuquerque, N.M.):Joe
Chesky, senior vice president of asset management, will become
Summit’s first senior vice president of business development. Chesky
has been with Summit since 1986 and helped establish the company’s
significant presence in Texas. Drew Ott, vice president of sales
since 2006, will take on Chesky’s former role, overseeing purchasing,
inventory, pricing and supplier relations as senior vice president of
business development.
On The Wire
Border
States to distribute Centrosolar PV panels
Border States Electric (BSE), Fargo, N.D., announced a
distribution agreement with photovoltaic (PV) component manufacturer
Centrosolar America Inc., a subsidiary of Centrosolar Group AG, Munich,
Germany, to stock and distribute Centrosolar PV panels. The two
companies are working together to target utility, commercial and
residential PV solar projects, which are expected to amount to 10 MW
through the end of 2010.
T12s
Still Popular Despite 2010 Phase-Out
Many building owners haven’t upgraded their four-foot
T12 fluorescent lighting systems, despite the fact that much more
efficient alternatives have been available for at least a decade,
according to a recent study by the National Lighting Bureau (NLB),
Silver Spring, Md.
National
Association of Realtors Says Pending Home Sales on a Record
Roll
Contract activity for pending home sales has risen for
six straight months, a pattern not seen in the history of the index
since it began in 2001, according to the National Association of
Realtors (NAR), Washington, D.C.
NAR’s Pending Home Sales Index — a forward-looking indicator based
on contracts signed in July — increased 3.2 percent to 97.6 from a
reading of 94.6 in June, and is 12.0 percent higher than July 2008 when
it was 87.1. The index is at the highest level since June 2007 when it
was 100.7.
Obituaries
Dan Flynn
of Lutron dies
Daniel E. Flynn, 58, director of retail sales for
Lutron
Electronics, Coopersburg, Pa., died Monday, Sept. 7. He was previously
employed for 20 years by Ideal Industries, Sycamore, Ill.
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