PROVO, Utah and SEBASTOPOL, Calif., Jan. 23 -- Vivint Solar, Inc. and
Solmetric Corporation today announced the closing of a merger that completes
Vivint Solar’s acquisition of Solmetric in an all cash transaction. Solmetric
Corporation, a dominant developer of photovoltaic installation instruments and
software products, today becomes a wholly-owned subsidiary of Vivint Solar.
“We are thrilled to welcome Willard MacDonald and his team of executives,
engineers and other employees at Solmetric to our technology team at Vivint
Solar,” said Greg Butterfield, CEO of Vivint Solar. “The Solmetric team has
developed industry-dominant SunEye hardware and PV Designer software
product lines that have maintained an impressive, satisfied customer base.”
Solmetric test and measurement instruments help solar installation companies
deliver more accurate solar energy assessments during the pre-install process
and fast and accurate performance testing during commissioning and O&M. The
SunEye is a handheld electronic tool that provides best-in-class shade analysis.
PV Designer software allows layout and energy production estimates for the
optimum PV design. PV Analyzer is the leading US I-V curve tracer.
“Further in-house, advanced development of Solmetric products will help
strengthen our pre-installation site assessment and CAD design process even
further at this crucial market expansion time for Vivint Solar,” Butterfield added.
“We are pleased with the merger agreement with Vivint Solar,” said Willard
MacDonald, president and CEO of Solmetric Corporation. “As part of Vivint Solar,
we plan to continue to enhance our existing products line and develop even more
offerings to benefit the entire industry and enable us all to install faster, low-cost
and higher quality solar.”
Willard MacDonald will join the Vivint Solar executive leadership team as vice
president of Technology Development. All Solmetric employees will continue to
be based in Sebastopol, CA. All existing sales contracts, distribution partnerships
and product availability will continue under the Solmetric brand.
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