U.S. Army Contract for Arista Power Worth Nearly One Million Dollars

With the days quickly approaching to drop the “D” from their ticker symbol following a reverse split in December 2011, Arista Power, Inc. (OTCBB:ASPWD) has gotten 2012 off on the right foot. On the first trading day of the New Year, the manufacturer, designer and integrator of renewable energy generation, management and distribution systems, said that its booked orders for 2011 totaled $2.3 million, representing an increase of $1.5 million, or 179%, as compared to 2010 booked orders of $800,000.

News followed today that Arista has been awarded a $922,000 U.S. Army contract to be the prime contractor to complete Phase One activities for the development of a new Intelligent Micro-Grid. Upon successful completion of the initial project, the contract has a provision for a Phase II option. Equally important to Arista shareholders, the contract could be a bellwether for future contracts as the U.S. Department of Defense executes initiatives to produce or procure 25% of its total energy from renewable sources by 2025. Shares are climbing on the agreement news; up 9% heading into lunch.

Serving as a solution for military operations that are taking place across a broad spectrum of energy requirements and applications, the Intelligent Micro-Grid will be designed to reliably integrate both renewable and traditional energy sources. Moreover, the Micro-Grid will reduce military dependence on fossil fuels and save lives that can be lost in fuel transportation in military zones.

Arista Power will develop the Intelligent Micro-Grid for the Renewable Energy for Distributed Under-Supplied Command Environments (“REDUCE”) program under the guidance of the U.S. Army Communications-Electronics Research, Development and Engineering Center (“CERDEC”). A demonstration unit is due to CERDEC by Arista within three to six months.

Chief Executive Officer of Arista Power William A. Schmitz commented,

We are pleased to have been selected by the U.S. Army for this vital program and to be playing an integral part in the Department of Defense’s broad-based initiative to reduce its reliance on fossil fuels and to improve energy efficiency. The vast majority of power used by the armed forces for operating environments is provided by diesel generators. Supplying fuel for these generators is costly, not only in a financial sense but also in terms of the dangers to human life inherent in transporting fuel.

Arista Power (ASPWD) Stock Quote and News:

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