ICP Solar intends to leverage its retail relationships for roof tops in the Ontario, Canada, market. The company will also continue its financing efforts as part of its overall growth strategy.
Sass Peress, CEO of ICP Solar, said: “ICP Solar’s new strategic direction is exciting and should allow us to attain significant growth. The solar energy industry is expected to grow at a compounded annual growth rate of 39% and reach approximately $100 billion by 2013.
“ICP Solar plans to position itself to benefit from this growth and add to shareholder value. The growth which will come as a result of this new direction will also help the consumer products division in enhancing its supply chain through larger solar equipment purchases in the future.”
ICP Solar is a developer and marketer of solar panels, solar cell based products, solar monitoring software and solar power management solutions.
