(NASDAQ Capital Market: AKNS)

Industry: Electrical Components & Equipment
On the web: http://www.akeena.net
Employees: 207

The Comapny was formed as a Nevada corporation on July 29, 2005, under the name Fairview Energy Corporation, Inc., and on August 4, 2006, were reincorporated in the State of Delaware. On August 11, 2006, the Company consummated a reverse merger with a privately-held company called Akeena Solar, Inc. The Company had been in the development stage since its inception and had not commenced business operations prior to the Merger. The Company is a designer and integrator of solar power systems. It markets, sells, designs and installs systems for residential and small commercial customers, sourcing components, such as solar modules and inverters, from manufacturers such as Sharp, Kyocera, SunPower and Fronius. The Company currently serves customers in California, New York, New Jersey, Pennsylvania and Connecticut. According to data compiled by the California Energy Commission and the New Jersey Clean Energy Program, over the past three years the Company has been a national integrator of residential and small commercial solar electric power systems in the United States. The Company is a member of the Solar Energy Industry Association, the California Solar Energy Industries Association, the Northern California Solar Energy Association, the Independent Power Providers, the Solar Energy Business Association of New England, and the New York Solar Energy Industries Association. To date, the Company has installed over 675 solar power systems and since the commencement of its operations in 2001, its sales have steadily grown to approximately $7.2 million in 2005 and $13.4 million in 2006. As of March 27, 2007, the Company had 111 employees: 35 full-time installers, 1 part-time installer, 33 full-time sales and marketing personnel, 2 part-time sales and marketing personnel, 6 full-time finance personnel, 10 full-time administrative employees, 1 part-time administration employee, 2 research and development employees, 20 full-time operations employees and 1 part-time operations employee.