Last $0.07 USD
Change Today -0.01 / -12.50%
Volume 200.0
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As of 8:10 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

arista power inc (ASPW) Snapshot

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arista power inc (ASPW) Details

Arista Power, Inc. develops, supply, and integrates custom-designed power management systems, renewable energy storage systems, solar photovoltaic (PV) systems, and wind turbines in the United States. Its products include Power on Demand system, a patent-pending energy storage and management system that reduces customer's peak demand using inputs from multiple energy sources in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology. The company also offers Mobile Renewable Power Station, which integrates solar PV, wind turbines, fuel cells, and/or generators with an integrated onboard storage device for military and other applications. In addition, it designs, supplies, and installs solar PV panels either as a stand-alone system or integrated with its other products. The company was formerly known as WindTamer Corporation and changed its name to Arista Power, Inc. in May 2011. Arista Power, Inc. was incorporated in 2001 and is headquartered in Rochester, New York.

7 Employees
Last Reported Date: 05/14/14
Founded in 2001

arista power inc (ASPW) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $33.9K
Chief Operating Officer
Total Annual Compensation: $163.7K
Compensation as of Fiscal Year 2013.

arista power inc (ASPW) Key Developments

Arista Power, Inc. Announces Executive Changes

On June 2, 2014, Molly Hedges submitted her resignation as the Chief Financial Officer and Treasurer of Arista Power, Inc., effective June 13, 2014. On June 6, 2014, the Board of Directors of Arista Power named Stephen Brown as the Acting Chief Financial Officer and Treasurer of Arista Power, effective June 16, 2014. Upon joining the company, Mr. Brown will be the Company's Principal Financial Officer and Principal Accounting Officer. Mr. Brown, age 58, will report to Arista Power's Chief Operating Officer, Adeeb Saba. From 2009 to present, Steve is a managing partner of The Mcguffin Group Financial, a financial consulting firm concentrating on advising early stage companies. Steve also is a partner in an accounting and tax practice, Brown, Brown and Associates. Steve is a licensed certified public accountant and a member of the Academy of Television Arts and Sciences and serves on the Board of Directors for several educational institutions including serving on the Board of Governors for Touro College.

Arista Power, Inc., Annual General Meeting, May 28, 2014

Arista Power, Inc., Annual General Meeting, May 28, 2014., at 10:00 US Eastern Standard Time. Location: 1999 Mt. Read Boulevard. Agenda: To elect two persons to the Board of Directors of the company; to approve an amendment to the company’s amended and restated 2008 equity incentive plan to increase shares issuable under the plan by 2,000,000; to conduct an advisory vote on executive compensation; to conduct an advisory vote on the frequency of future advisory votes on executive compensation; and to transact such other business as may properly come before the meeting or any reconvened meeting following any adjournment thereof.

EaglePicher Technologies and Arista Power Expand Cooperation for New York City Projects

EaglePicher Technologies, LLC (EPT) and Arista Power, Inc. (Arista Power) announced that they have signed a Letter of Cooperation Agreement in which the parties have agreed to jointly sell to Arista Power's potential customers based in New York City. The Letter of Cooperation Agreement expands upon the parties' previous relationship which included Arista Power awarding a contract to EPT to supply and integrate its patented PowerPyramid(TM) energy storage into Arista Power's Power on Demand (PoD) system for a large multi-story building in New York City. EPT's PowerPyramid(TM) system and Arista Power's PoD system utilize energy storage to reduce utility costs, specifically demand charges, and allow seamless enrollment to demand response programs. The Letter of Cooperation Agreement also provides that Arista Power will target utilizing EPT's PowerPyramid(TM) in three of its Power on Demand installations in New York City in 2014. EPT also agreed to warranty the PowerPyramid(TM) and component parts of those three systems. In addition, the parties agreed to collaborate on engineering support services, development activities and the seeking of funding opportunities from organizations such as the Army, NREL, NYSERDA and NYBEST. Arista Power's Power on Demand system utilizes inputs from multiple energy sources such as solar, wind, fuel cells, generators and the grid with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce electricity costs - particularly demand charges.


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