GERMAN RACKING SUPPLIER K2 SYSTEMS ENTERS US MARKET

The launch of their Everest Solar Systems brand is based on a bullish outlook for the US solar Market

Oceanside, CA – September 6, 2012 - K2 Systems, one of the leading mounting systems manufacturers in Europe has announced the opening of its US division, Everest Solar Systems, LLC, in Oceanside CA. The move is based on the company's overall confidence in the growth of both the commercial and residential solar markets and the innovative new racking technology it is introducing that will drive down the cost of solar energy, helping to facilitate that growth. The expansion is also expected to create a significant number of jobs in California and nationwide.


The company is active in all major market segments - residential, commercial, and utility-scale solar with a track record of more than 2.5GW of successful installations in all major European markets.

Katharina David, K2 Systems Group CEO stated that "we are very excited to pursue our long-term strategy of growing internationally, and diversifying into new markets. We see very large potential in the US market, and are investing aggressively to position us in this very important market".

Everest Solar Systems opened its new headquarters in Oceanside, CA in August, 2012 and is introducing 4 products for the residential and commercial markets at the upcoming Solar Power International 2012 show in Orlando, FL.

Boris Mathiszik, Everest Solar Systems CEO, commented "It is clearly a sign of our confidence in the projected growth of the US market that we are making this major investment. Our innovative mounting solutions dramatically reduce component count and simplify system installation enabling system integrators to drive down the cost of solar energy. This reduction in cost is exactly what the US solar industry needs at this critical juncture. We are extremely excited to contribute to great new career opportunities for people passionate about manufacturing, engineering, sales, marketing and service jobs in the sustainable energy sector in San Diego, and throughout the US."

The company is occupying a 24,000 sqf facility in the Ocean Ranch business park in Oceanside, CA, and will start shipping from the new facility in September, 2012.

Contact:
David Boylan – Artichoke Creative
858.395.6905
david@artichoke-creative.com
Boris Mathiszik is available at SPI in Orlando for interviews

About Everest Solar Systems

Everest Solar Systems is a member of K2 Systems International Group, one of EuropeĎs market leaders in mounting systems, with more than 2.5GW installed. The group has developed a portfolio of industry-leading technologies and mounting solutions for residential, commercial, and utility-scale solar deployments.

The mission of Everest Solar Systems is to bring the group's well designed, easy to install solar mounting systems to the US and to enable system integrators to drive down the cost of solar energy. US headquarters are located in Oceanside, California. Learn more at www.everestsolarsystems.com.

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