Former Solmetric SunEye Products to be Discontinued; New Research and Development Team to Focus on Advanced Photovoltaic Installation Instruments
Vivint Solar (NYSE: VSLR), a leading provider of residential solar systems in the United States announced today that its Solmetric team will be fully integrated into the Vivint Solar operating structure and be known as Vivint Solar Labs. The new research and development team will focus on proprietary photovoltaic installation instruments and software.
Having reached the end of the product lifecycle, the Solmetric SunEye 210 and its line of products – including PV Designer, Solmetric Shade Training and the SunEye Extension Platform – will no longer be available. PV Analyzer will continue to be available.
"We are pleased with the integration of the Solmetric team of engineers and staff into Vivint Solar Labs," said Greg Butterfield, CEO of Vivint Solar. "We look forward to further development of advanced photovoltaic installation technology that will significantly reduce our cost per watt and expedite solar installations for our customers."
Vivint Solar acquired Solmetric Corporation in January 2014. Vivint Solar is the second largest installer of solar energy systems to the U.S. residential market with approximately 16 percent market share in the third quarter of 2014, according to GTM Research. In 2014, the company established 23 new sales and installation offices to its 16 previously existing offices. The company plans to expand further in 2015.
