Solyndra Hires Exec. To Oversee North American Sales

by Terrence Murray - July 20, 2010

Corby Whitaker, the head of North American sales for United Solar Ovonics, the manufacturer of amorphous silicon photovoltaic (PV) solar panels, has joined� Solyndra, the Fremont, Calif., maker of cylindrical solar PV systems, as vice president of North America Sales.

In a prepared statement Solyndra CEO Chris Gronet said:

Corby brings strong solar and roofing sales and channel development experience to our team and, with his leadership, we will continue to rapidly expand sales in our target markets in North America.

Earlier this year, Solyndra scored� a $535 million loan guarantee from the Department of Energy to build a manufacturing facility. The company was also set to raise up to $300 million as part of an Initial Public Offering. But in mid June, the company did a sudden about face on the IPO, citing �adverse market conditions,� although investor concerns over the high cost of production of its cylindrical PVs might also have been to blame for the folded IPO.

As an alternative Solyndra� has raised $175 million from the existing investor base and is moving ahead with the construction of its manufacturing line, which could help the company cut the cost of its PV technology.

Photo: Business Wire

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