CBD Energy signs sublicence with Westinghouse Solar

CBD Energy (ASX:CBD), a diversified Australian renewable energy company, has negotiated a sublicence for use of the Westinghouse Solar brand and technologies in Australia.

As previously announced, CBD is finalising a merger with Westinghouse Solar (OTCQB:WEST), a designer of solar power systems and US listed company. CBD and Westinghouse Solar expect to complete their merger and list on the NASDAQ Stock Exchange early in the third calendar quarter of this year, subject to shareholder approval of both companies.

Since 1886, the Westinghouse name has stood for reliability and innovation. George Westinghouse introduced the first alternating current (AC) electrical system, which soon became the principal power standard globally.

“As a trusted solar installer, with thousands of satisfied customers worldwide, our mission is to help our customers reduce or eliminate their electric bills with the installation of high-quality solar power systems,” said Gerry McGowan, Managing Director of CBD. “Westinghouse brings a rich history of innovation, reliability, efficiency and serviceability to a fragmented industry that has many small operators. When you invest in a 20+ year asset, you want a name you can trust.”