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Solar Sentry Raises Capital
Pittsford-based Solar Sentry Corp. attracts investor funding, prepares for field demo of unique solar energy monitoring technology
(March, 2007) Rochester, NY Solar Sentry Corp. has raised $700,000 of equity investment in a Series A round led by Bradford Energy, LLC. The Series A proceeds will be used for development of products and services, sales channels, and the installation of two field demo sites.
Solar Sentry is developing monitoring products and services for commercial solar electric sites to lower the cost of solar electricity. While today’s monitoring technology usually measures only overall site production, Solar Sentry’s patent-pending approach monitors performance and connectivity for every solar panel using inexpensive wireless communications.
By collecting this information over the internet and dispatching specific repair as required, Solar Sentry expects to:
1. Raise site output,
2. Shrink operating and maintenance costs,
3. Cut installation labor, and
4. Guarantee both initial and ongoing site quality.
The commercial segment of the photovoltaic solar power industry is approaching $10 billion worldwide, having sustained a compound annual growth rate of more than 40% for the last several years. Solar Sentry plans to participate in that fast growing market by cost-effectively providing solar site performance information that can be used to produce more solar electricity at a lower cost.
Bradford Energy, LLC, headquartered in Buffalo, NY, is a private investment firm focused on the energy industry. Bradford Energy, and its sister company Bradford Exploration, Inc. are the managing general partners for over 25 limited partnerships with investment targets ranging from traditional oil and gas projects to alternative energy technology. To inquire about Bradford Energy, contact John C. Farmelo, Vice President, at (716) 803-1512 or jcfarmelo@bradfordexploration.com
Solar Sentry Corp. is based in Pittsford, NY, a suburb of Rochester. The company’s founders include: Gordon E. Presher, Jr, CEO, an entrepreneur and electrical engineer with extensive experience in high-tech electronics and software; Carlton J. Warren, Chief Engineer, an Electrical Engineer with considerable instrumentation research and development experience; and Thomas S. Currie, Vice President of Sales, with an substantial sales and consulting background with both large and small enterprises.
For Further Information Contact: Gordon Presher, CEO (585) 388-4314 or Tom Currie, Solar Sentry, Vice President, at (585) 586-1420 or tcurrie@solarsentry.com