Clear Skies Solar is going through a growth spurt.
In the past several weeks, the Massapequa Park solar-power technology company has announced that: it has signed a letter of intent to acquire a California solar-technology company; has a $6.5 million deal to provide a solar-power facility for a suburban Atlanta housing project; and has named a new president.
Clear Skies is planning to acquire Assured Power & Communications Corp. Clear Skies didn’t disclose a price tag for the deal, which is contingent on a host of factors, including patent verifications. The agreement in Georgia calls for Clear Skies to provide a solar-power generation facility to a project of SmartGrowth Opportunity Fund.
To manage this next-stage growth, the company has hired Tom Oliveri, who will
take over from Ezra Green as president. Oliveri once headed Global Payment Technologies, which designs and manufacturers currency-validation systems.
Clear Skies has 16 employees. It posted $300,000 in revenue in 2007.
--Carrie Mason-Draffen