http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/solar/acro-energy-axes-staff-forms-solar-installation-partnership.html

US residential solar energy integrator Acro Energy partnered with Integrated Electrical Services (IES) on installing solar facilities in US markets, while axing staff as part of a belt-tightening strategy.

Through the partnership, Acro will gain access to IES’ markets while IES will become a sub-contractor to install Acro’s solar energy systems.
The parties said they plan to expand their relationship into further US markets after a trial period in which they will focus on installing solar projects in Acro Energy’s southern California service territory.
They intend to target ‘solar-friendly’ states such as Arizona and Nevada, with longer-term plans to eventually enter markets in the northeast of the country.
‘Teaming with IES will position Acro Energy to cost effectively deliver solar energy solutions to residential and commercial customers beyond our current operations in California,’ said Acro Energy CEO Harry Fleming.
Acro Energy has axed staff and made significant salary cuts in order to reduce expenses by over $500,000.
‘These recent personnel moves by Acro have dramatically increased the talent level necessary to deliver Acro’s 2011 management target of revenues of $40m and $5.6m in EBITDA,’ said Fleming.