Sustainable Energy Technologies Ltd.
TSX VENTURE : STG

Sustainable Energy Technologies Ltd.

February 25, 2010 08:30 ET

Salicru S.A. Taps Sustainable Energy to Deliver High-Yield "Paralex™" PV Solutions

First Deliveries on 15 MW Purchase Order with Top European Power Electronics Company

BARCELONA, SPAIN--(Marketwire - Feb. 25, 2010) - Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or the "Company") announced today that it will begin deliveries of its next generation SUNERGYTM inverters to Salicru S.A. ("Salicru") under a previously announced agreement between the two companies.

Under the agreement, Salicru will distribute Sustainable Energy's next generation of the SUNERGYTM Low Voltage and Extra Low Voltage inverters under the "Salicru Equinox" brand label throughout Salicru's markets in Southern Europe, North Africa and the Middle East. The deliveries, which are scheduled to begin in March 2010, are pursuant to the initial purchase order from Salicru for a total of 15MW.

Salicru is recognized as one of Europe's leading power electronics and energy management companies, and, indisputably, the market leader in Spain and Portugal, with an extensive distribution network among the region's leading building products suppliers. The ParalexTM system architecture eliminates the need for site-specific custom design of PV systems and for solar PV specialists enabling solar PV systems to be designed and installed by mainstream building trades. The result is lower system costs and broader distribution channels for SUNERGY inverters and related solar PV products forming part of the ParalexTM package.

About Salicru S.A.

Founded in 1965, and headquartered near Barcelona Spain, Salicru, (www.salicru.com) is one of the leading manufacturers of power electronics products in Europe, and indisputably the market leader in Spain and Portugal, supplying a complete range of product solutions ranging from basic AC power supplies and uninterruptible power supply system to complex integrated DC power systems. Salicru has a strong market reach into all the European markets, and has an extensive network of relationships in North Africa, the Middle East, Australia and other Asia Pacific markets.

About Sustainable Energy: Sustainable Energy (www.sustainableenergy.com) designs, manufactures and distributes power inverters for grid-connected solar PV systems. Advanced power inverters are a critical enabler of all modern solar PV power systems converting the direct current ("DC") power output of the solar PV modules into the high quality alternating current ("AC") power required by the power grid. Advanced power inverters also optimize the performance of the solar PV modules and maintain the integrity and safety of the interconnection with the power grid.

The extra low operating voltage of the SUNERGY platform enables a system architecture that is inherently safe and that can be installed and maintained by most building trades without the need for PV specialists, significantly reducing the installed system cost and increasing investor yields.

Sustainable Energy's technologies are the subject of multiple patents issued by and pending with the US Patent and Canadian Patent Offices.

Forward Looking Information

The reader is advised that some of the information herein may constitute forward-looking statements within the
meaning assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we
include: statements concerning the impact of our technology on solar PV system performance; and statements concerning the potential for sales in the markets we have entered. Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Many factors could cause the Company's actual results, performance or achievements, or future events or developments, to differ materially from those expressed or implied by the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-
looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sustainable Energy Technologies Ltd.
    Michael Carten
    Executive Chairman
    (403) 508-7177 #111
    or
    Sustainable Energy Technologies Ltd.
    Robert Bucher
    President & CEO
    (416) 642-5616
    www.sustainableenergy.com
    or
    Media Contact:
    Borders + Gratehouse
    Emily Borders
    (415) 963-4174 ext 1