SunWize Technologies Restructures- New business and operational units created
SunWize Technologies, Inc. has completed a corporate-wide restructuring and expanded its capabilities; another milestone in the company's continuing evolution as the industry's premier provider of solar electric solutions.
Contact: Dave Holt
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Tel.: 805-625-2121
E-mail: dholt@sunwize.com
SunWize Technologies restructures-
New business and operational units created
Kingston, NY May14, 2008- SunWize Technologies, Inc. has completed a corporate-wide
restructuring and expanded its capabilities; another milestone in the company's continuing
evolution as the industry's premier provider of solar electric solutions.
"To better serve our customers and continue our expansion, we've reorganized into three
groups along business and operational lines." reports David Kulik, CEO of SunWize. "In
addition, we have added and are continuing to add new personnel and capabilities to ensure our success."
The Distributed Power Group focuses on the off-grid residential and on-grid
residential/commercial markets. It encompasses the industry leading distribution business and
SunWize Systems, which focuses on turnkey sales and integration of solar electric solutions to
residential and commercial grid-tie customers. The Distributed Power Group is led by David
Kaltsas, who joined SunWize as Executive VP on a full time basis in April. He has served on
the Board of Directors of SunWize since the Company was acquired by Mitsui & Co. in 2006.
Prior to SunWize, Mr. Kaltsas was President of Mitsui USA's Solar Initiative and Vice President
of Mitsui Comtek Corp, where he focused on building and executing Comtek's solar technology
and channel strategies.
The Industrial Power Group addresses the industrial, international and mobile markets. It
includes Specialty Products (custom solar panels) and the preeminent Power Ready Systems
and Power Stations. Power Ready Systems and Power Stations are used in a wide variety of
remote power applications in telecommunications, oil & gas, traffic, security, RV and other
industries. The Industrial Power Group is headed by SunWize and industry veteran Senior VP
Bruce Gould.
The Operations Group is chartered to enable both the Distributed Power and Industrial Power
groups' to better serve customers through continual improvements in supply chain management
and value added integration capability. The Operations Group is managed by solar pioneer
Senior VP Jim Stevenson and encompasses purchasing, inventory control, logistics,
warehousing, human resources and IT functions. Mr. Stevenson also serves on the Board of
Directors of SunWize.
SunWize Technologies, Inc., a subsidiary of Mitsui & Co. (U.S.A.), Inc. and Mitsui & Co., Ltd.
(NASDAQ: MITSY), specializes in the design and manufacture of solar energy systems, product
distribution, and associated project development. The Company operates a manufacturing and
distribution facility in Kingston, New York, serving as the company headquarters; a distribution
warehouse in Willits, California; a manufacturing and distribution center in Rancho Cucamonga,
California; and regional sales offices throughout the US and Canada. In addition, SunWize
Systems operates three regional offices in Southern California. For more information, call Dave
Holt at (805) 625-2121 or visit www.sunwize.com.
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