Sustainable Energy Technologies Ltd.

Sustainable Energy Technologies Ltd.

February 05, 2010 10:15 ET

Sustainable Energy Technologies Named to 2010 TSX Venture 50

Solar Technology Leader Ranked in Top Three for Cleantech Category

TORONTO, ONTARIO--(Marketwire - Feb. 5, 2010) - Sustainable Energy Technologies Ltd. (TSX VENTURE:STG), ("Sustainable Energy") one of Canada's leading solar technology companies announced today it has been listed as one of the TSX Venture 50, a ranking of strong performers listed on TSX Venture Exchange in five different industry sectors identified as leaders in Canada's public venture market.

Based in Toronto, Ontario, Sustainable Energy manufactures the critical power control systems needed for rooftop and ground-based solar PV systems. Sustainable Energy is ranked third among the top 10 emerging companies in the TSX Venture Cleantech sector.

"It's an honour to be selected as part of TSX Venture 50 in Cleantech, especially at such a pivotal time for the solar and renewable energy industries," said Sustainable Energy President and CEO, Robert Bucher. "There is a tremendous opportunity for the financial industry to engage in the growth of renewable energy production. Sustainable Energy is committed to helping establish Canada's position as a leader in this market while also driving solar technology innovation worldwide."

The 2010 TSX Venture 50 were selected based on four equally weighted criteria: return on investment, trading, analyst coverage and market capitalization growth and comprise the top ten performers in 5 different industry sectors: Cleantech, Diversified Industries, Mining, Oil & Gas and Technology and Life Sciences sectors.

"We are pleased to celebrate the 2010 TSX Venture 50," said John McCoach, President, TSX Venture Exchange. "These outstanding companies are proven leaders in their respective sectors and we are proud to have them listed on TSX Venture Exchange. We wish them all continued success."

About Sustainable Energy: Sustainable Energy ( designs, manufactures and distributes power inverters for grid-connected solar PV systems under the SUNERGY trademark. 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.

In rooftop applications, 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.

In ground-based applications, multiple SUNERGY inverters offer higher system yield, less downtime and easier installation and maintenance, than larger "central" inverters. For these reasons, multiple smaller inverters like SUNERGY are increasingly displacing central inverters in European ground based applications - where system performance rather than name plate capacity is the driver.

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.

The information contained herein is for information purposes only and is not an invitation to purchase securities listed on TSX Venture Exchange and/or Toronto Stock Exchange. TMX Group Inc. and its affiliates do not endorse or recommend any securities referenced. Neither TMX Group Inc. nor its affiliated companies represents, warrants or guarantees the accuracy or the completeness of the information. You should not rely on the information contained herein for any trading, business or financial purposes. TMX Group Inc. and its affiliates assume no liability for any errors or inaccuracies herein or any use or reliance upon this information.

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
    Sustainable Energy Technologies Ltd.
    Robert Bucher
    President & CEO
    (403) 508-7177
    Borders + Gratehouse
    Emily Borders
    (415) 963-4174 ext 1