ICP Solar Technologies Inc., a developer, manufacturer and marketer of proprietary solar panels and products, announced this morning the signing of a global licensing agreement with Energizer (NYSE: ENR). As terms of the agreement, Energizer will give ICP Solar the global rights to its trade name for solar-powered chargers and related products. The 3-year agreement has already taken effect.
â€œTeaming with Energizer is a very significant achievement for ICP Solar and speaks to both the high quality of our products as well as our reputation for technology innovation,â€ said Sass Peress, CEO. â€œEnergizer is a leader in providing portable power for numerous applications worldwide, and we are proud to be working with such an esteemed organization going forward.â€
He continued, â€œWe will begin rolling out products in North America as soon as the third quarter and anticipate these sales will further bolster our financial performance heading into 2010. We plan to launch two dedicated websites â€“ www.energizersolar.com and www.energizersolar.eu â€“ later this year, as the international nature of this agreement is expected to provide immediate access to a host of new geographic markets. EnergizerÂ®-branded solar chargers will be sold in tandem with rechargeable batteries, serving the growing demand for renewable, portable power.â€
â€œWe are pleased to enter into such an important strategic relationship with ICP Solar,â€ commented Danielle Kyriakos, Director of New Business Development of Energizer. â€œEnergizer is committed to providing innovative solutions to power peopleâ€™s lives and we know that solar is a power application that consumers are looking for to help them Keep Going. We look forward to a long and productive partnership with ICP Solar.â€