Solectria Renewables Appoints President to Spearhead Aggressive Growth Plans

Lawrence, MA – Solectria Renewables today announced the appointment of Phil Vyhanek to President, a new role that forms a key part of the company’s aggressive growth strategy for 2010 and beyond.

Lawrence, MA – Solectria Renewables today announced the appointment of Phil Vyhanek to President, a new role that forms a key part of the company’s aggressive growth strategy for 2010 and beyond. Mr. Vyhanek joins Solectria Renewables’ accomplished management team in the Lawrence, Massachusetts headquarters and will look to further capitalize on the expanding opportunities in the solar power market.

Mr. Vyhanek is a welcome addition to Solectria Renewables’ ranks and will focus his efforts on
enabling Solectria Renewables to outpace the expected rapid expansion of the industry as the company comes off a strong year of growth in 2009. Spurred-on by surging interests among consumers and businesses to ‘go green’, as well as more than $80 billion in clean energy investments through the U.S. government’s economic stimulus plan,recent estimates predict that the global solar photovoltaic industry will expand by at least two-and-a-half times over the next five years, with global revenues likely to top $100 billion. Mr. Vyhanek comes to Solectria Renewables after holding senior management roles with Laird Technologies, Cushcraft Corporation and Honeywell where he developed expertise in strategic planning, sales, operations, engineering and finance for technology companies.