Green Technology Leader Vows to Protect Reputational Assets
RIVERSIDE, CA / ACCESSWIRE / July 7, 2015 / Demonstrating the do-the-right-thing business philosophy that helped grow the company from a fledgling upstart in 2008 to one of the leaders in the solar energy installation field, SolarMax Technology, Inc. plans to aggressively defend itself from recent claims levied by a former employee who was terminated with cause last year. The Riverside, California-based company announced that it will challenge allegations of impropriety raised by the individual as part of a wrongful termination complaint he filed in Los Angeles Superior Court.
The disgruntled former employee makes a number of accusations related to how SolarMax Technology managed reporting requirements associated with a government-approved jobs initiative. The long-established program, which encourages foreign investment in the United States and has been a successful catalyst for job creation, enables businesses to access critically important operational and growth capital.
Independent auditors from a world-ranked, top 10 accounting firm have conducted annual financial audits of SolarMax Technology. No illegal or unlawful behavior has been found. The firm, which worked with the plaintiff prior to his termination, has also renewed its engagement with the company.
SolarMax Technology Executive Vice President Ching Liu said, "We take our responsibilities as financial stewards of investor capital very seriously."
She added, "Because litigation is now underway, we will not have any further comments regarding the details of the case. However, we have a firm, accurate grasp of the facts involved and are confident that once they come out, we will prevail."
An active community partner throughout the Inland Empire and Southern California, SolarMax Technology maintains strong ties to education, business and civic causes - notably those focused on developing the next generation of leaders within clean tech. The renewable energy innovator funds a substantial endowment at the University of California-Riverside School of Business and has donated an estimated 800 thousand dollars worth of solar panels to the UCR Center for Environmental Research & Technology (C-CERT).
In addition, SolarMax Technology is preparing to launch a new workforce development initiative in San Bernardino County, where the secondary school dropout rate remains high. Its SolarMax Technology University curriculum will teach youngsters under the age of 18 the skills needed to find good-paying jobs within the clean tech industry.
Ms. Liu says, "With the dedication and support of our investors, our Board, management, employees, the community - and, most importantly, our many customers - we have established a culture of integrity and innovation that has made SolarMax Technology the success it is today. We owe it to our partners and stakeholders to uphold that reputation."
CONTACT:
Ching Liu
(951) 300-0788
[email protected]
SOURCE: SolarMax Technology, Inc.