Arkados Group Rebrands as SolBright Renewable Energy
Arkados Group, Inc. (OTC:AKDS), an industrial automation and energy management company providing Industrial Internet of Things (IoT) solutions that help commercial and industrial facilities increase efficiency and reduce cost, today announced it has rebranded its energy conservation and management services division to “SolBright Renewable Energy,” reflecting the recently completed acquisition of SolBright Renewable Energy Inc. The division was previously branded “Arkados Energy Solutions.”
Arkados Group also announced the strengthening of SolBright’s management team with three key senior management appointments. The senior management appointments include Andrew Streit, Director of Project Management, Jason Kechijian, Head of Systems & Engineering, and Jarrett Branham, Director of Operations. All three men previously held the same positions at SolBright Renewable Energy Inc. before Arkados Group purchase of the SolBright assets in May 2017.
“The energy management division’s name change is another important milestone in the integration of the SolBright Renewable Energy assets and along with the management appointments, completes the reuniting of the award winning and highly regarded SolBright team and brand, now under the Arkados corporate umbrella,” said Patrick Hassell, President, SolBright Renewable Energy. “With the support of Arkados management, and backed by Arkados’ Arktic™ software platform, SolBright is now strengthened and better positioned to execute on our $40 million project backlog. We expect to continue to grow our pipeline of business based on industry growth and our unique, Arktic™-based service offerings to drive meaningful revenue growth well into the future.”
Mr. Streit has overseen the completion of more than 30 renewable projects across his many years of experience in the solar industry. Prior to joining SolBright, he was previously the Founder of SC Solar Business Alliance and served as a Board Member of the South Carolina Solar Council. Mr. Streit is a graduate of the University of Georgia with a degree in English and Economics.
Mr. Kechijian has managed more than 34MW of solar installations from Hawaii to Sullivan’s Island, SC. His industry related certifications include NABCEP PV installer, NABCEP technical sales, and LEED AP. Mr. Kechijian has a B.S. in Business Administration from the College of Charleston, Charleston, SC.
Mr. Branham has more than 18 years of experience in construction and general contracting industries, with projects including energy generation, healthcare, retail, private office space, residential, and mixed-use construction.
Completed in May 2017, the acquisition of the assets and business of SolBright Renewable Energy Inc. expanded Arkados’ energy solutions business into the rapidly growing renewable energy industry, with new customer opportunities for its cutting-edge Internet of Things solutions. At closing, SolBright had a backlog of approximately $40 million in distributed generation EPC (engineering, procurement and construction) projects as well as a substantial pipeline of additional projects throughout the Eastern United States.
