CBD ENERGY SIGNS EXCLUSIVE, WORLDWIDE AND LONG-TERM LICENCE AGREEMENT TO USE WESTINGHOUSE® NAME AND TRADEMARK.
The Board of CBD Energy Limited (‘CBD’) is pleased to announce that the Company has signed an exclusive, worldwide, long-term license agreement with Westinghouse Electric Corporation to use the WESTINGHOUSE® trademark as the corporate banner for its fast- growing solar business.
CBD, a global leader in solar installations – operating in Australia, the US and UK – has installed more than 15,000 systems since 2010 in diverse locations throughout the World, stretching from the remote Pacific Islands through Asia, to Europe, and into the US.
CBD has weathered economic and political reform, and in signing the license agreement, which extends for 10 years – with options for up to 30 years – the Company has demonstrated its long-term commitment as a leader in the renewable energy sector.
By offering its products under the Westinghouse brand, CBD intends to convey to its customers that it is delivering quality products and services that can help them maximise the benefits of using clean energy. For more than 100 years, the Westinghouse name has stood for reliability and innovation. At the same time, the brand has been associated with the delivery of safe and efficient electricity, and smart products for the home, which have brought comfort and convenience to the lives of millions, at affordable prices.
Commenting on the agreement, CBD’s Executive Chairman, Gerry McGowan, said: “This agreement marks an important milestone for CBD and delivers a trusted and immediately recognisable global brand. The license creates an exciting platform from which we can promote and grow our solar business, both in Australia and on an international basis. We are installing 20+ year assets and we want the customer to know that we are going to continue the Westinghouse tradition of servicing the generations to come. As CBD progresses towards its US listing, this landmark agreement can only enhance our endeavours for CBD to gain market recognition as a global leader in the solar field.” Westinghouse Electric Corporation Vice President Jim Davis, said: “CBD has demonstrated its ability to develop projects all over the globe. The Company has an entrepreneurial spirit which, when combined with our valued brand, will we believe deliver significant value for both companies.”
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