North Coast Solar Stocks

December 2, 2009

Solar Power, Inc. Enters Sales Representation Agreement with Belgium Based BNL-Tactics Group International

Filed under: SOPW — Tags: , , — Jason @ 11:58 am

BNL Tactics Will Sell Solar Power, Inc. Dealerships Throughout Belgium and Surrounding Regions to Represent SPI Products

11:58 am EST, Wednesday December 2, 2009

ROSEVILLE, Calif.–(BUSINESS WIRE)–Solar Power, Inc. (“SPI”) (SOPW) announced today that it has signed an exclusive sales representation agreement with BNL-Tactics Group International (“BTGI”) based in Belgium and Luxembourg. Under the terms of the agreement BTGI will represent the Yes! TM residential photovoltaic (PV) solar solutions product line, as well as the SPI’s commercial solutions. BTGI will solicit dealerships throughout Belgium and surrounding regions for the purpose of distributing SPI’s solar product lines and also provide direct product sales and sales training to ensure the success of those dealers. SPI will sell its products directly to the dealers established by BTGI under separate individual dealer agreements.

“The BNL-Tactics Group International and Solar Power, Inc. relationship is a unique and exciting opportunity for both parties,” said Bradley Ferrell, President of Business Development for Solar Power, Inc. “This part of the European market offers significant growth opportunities in the near term for PV solar. Our turnkey integrated solutions allow BTGI to set up dealers and quickly ramp sales through the BTGI sales force and sales training programs. Similarly, it provides us with a rapid growth opportunity and a means to accelerate market penetration in an area in Europe with major growth potential. It’s a win-win arrangement.”

“Our company is focused on delivering high-quality solar solutions into a significant solar market opportunity throughout Belgium, Luxembourg, The Netherlands, Northern France, Poland and other European countries,” said Bart Cops, CEO of BNL Tactics Group International. “We share common core values and a commitment to high-quality products with Solar Power, Inc., and these are the key attributes we look for in a strategic relationship. BNL Tactics Group International brings a unique aspect to our combined business model. We provide the sales engine with a proven sales force and sales training for the dealers we establish to enable a very fast business ramp. We look forward to a long and successful relationship by leveraging the strengths both teams bring to the table,” Mr. Cops concluded. Orders through BTGI have begun with an initial shipment of 300 kilowatts of product completed.

Solar Power, Inc. currently has 17 dealers within the United States and a growing number of dealers and distributors across Europe, Asia and Australia. The Company’s Yes!TM products are fully integrated solutions sold in a kit form to qualified dealers. All of the Company’s solutions feature Solar Power, Inc.’s high-performance solar modules which have been top ranked by the California Energy Commission.

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