IPSol Energy first customer revenues
14th January 2010
IPSO Ventures plc (“IPSO”), the creator of commercial value from technology, is pleased to announce that IPSol Energy Limited ("IPSol Energy" or the “Company”) has secured its first customer revenues within three months of being established.
The Company, which was recently created to provide business and technical solutions to the Solar Photovoltaic (“PV”) market, is focused on testing and measurement services and these initial revenues have been generated testing a solar BIPV (“building integrated photovoltaic) product prototype for Solarcentury.
IPSol Energy is developing the UK's first independent commercial PV module testing facility, which will provide manufacturers and installers of solar PV modules with third party validation of their products.
Simon Hunt, Chairman of IPSO, said: “We are delighted that IPSol Energy has received an early endorsement of its services. This rapid generation of revenue validates IPSO’s demand-led commercial business model, setting IPSO clearly apart from its competitors.”
Daniel Davies, Chief Technology Officer of Solarcentury, said: “The development of businesses such as IPSol Energy is very important to the growth of solar PV in the UK. Having access to a wider range of testing facilities will speed up product development and reduce the cost of introducing new products to market. We chose IPSol Energy to undertake testing to support a new product development project as IPSol Energy has offered competitive prices and a fast turnaround and we look forward to working with them as the UK market for PV grows.”
Peter Khoury, Chief Executive of IPSol Energy, said: "Solarcentury is the UK’s foremost PV business and we are very pleased that they have chosen to entrust their testing to us.