Flexible Electronics News

ICP Solar Provides Business Update

Company continues to cut costs and drive new initiatives

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ICP Solar Technologies Inc. announced that the company has taken further measures to cut costs and decrease overhead even as funds start to flow from the recently-announced financing transaction with its lead investors. The company has reduced monthly SG&A expenses by more than 50 percent compared with 2008. “ICP Solar continues to take the necessary steps to improve its business model ahead of the launch of our Energizer product line,” said Sass Peress, CEO. “In addition, our investors h...

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