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Sustainable Begins Commercial Production of Solar PV Inverter
Press Release from Sustainable Energy Technologies
Calgary, Alberta, Canada
Sustainable Energy Technologies Ltd (TSXV: STG) today announced that it has commenced commercial
production of the SUNERGY 5 inverter for the solar photovoltaic (solar PV) market. The first units are being manufactured in Canada, and are
being delivered to Free Power S.L. under a previously announced supply contract with that company.
"In addition to having electrical conversion efficiencies that are among the highest in the industry, the SUNERGY inverter has the highest thermal
rating in the industry, operating at full power in temperatures in excess of 50C"
"These shipments mark an important transition for Sustainable Energy," said Michael Carten, the Company's President & CEO. "Although we have
been manufacturing inverters for the stationary fuel cell industry for more than 2 years, the fuel cell market is pre-commercial, and will not
provide the revenue growth that we are looking for until 2007 or 2008. Commencement of commercial production of the SUNERGY series of
inverters not only demonstrates the value of our power electronics platform to serve multiple markets, but positions the Company for significant
growth over the coming months.
"We are entering one of the fastest growing markets for solar PV in the world, with a well established partner, and with a product that is ideally
suited to the market," Carten added. "In addition to having electrical conversion efficiencies that are among the highest in the industry, the
SUNERGY inverter has the highest thermal rating in the industry, operating at full power in temperatures in excess of 50 C. This enables the solar
PV array to continue operating at full power during the sunniest parts of the day, when competitive inverters have shut down, or have
substantially reduced their power output. This is critically important to project economics in a market that is increasingly dominated by investor-
owned projects."
"We are currently committing all our Canadian production to Spain and our plan is to begin higher volume production in Barcelona by the end of
this summer, under a previously announced partnership with Gabriel Benmayor SA. We expect to gain a significant share of this market, and to be
in a position to enter other European markets very quickly."
Sustainable Energy (www.sustainableenergy.com) develops manufactures and markets advanced power inverters for the renewable energy
industry. Power inverters are strategic to the integration of new renewable energy technologies - solar and wind power, fuel cells, and energy
storage systems - into the power infrastructure.
Industry experts estimate that the market for renewable energy inverters will grow from $1.1 billion currently, to more than $4.7 billion per year
by 2010.
The Company's proprietary technologies enable the same power electronics and control software to be used for multiple technologies and
product applications - an industry first that will lead to lower manufacturing costs and greater product reliability. The core power electronics used
in the SUNERGY series of solar PV inverters have been refined and proven over the past two years in the very demanding fuel cell environment.
Free Power SL www.freepower.es based in Barcelona Spain is a leading distributor of products to the solar power industry.
Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ materially from estimated or implied results.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For Further Information please contact:
Michael Carten, President and CEO
P. 403-508-6990
E. Michael.Carten@SustainableEnergy.com
Phil Winters, Marketing and Investor Relations
P. 416-586-0705
E. Phil.Winters@SustainableEnergy.com
Источник: renewableenergyaccess.com"
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