EthoSolar Inc.

EthoSolar Inc.
TecnoSun Solar Canada

TecnoSun Solar Canada

June 12, 2012 08:00 ET

EthoSolar Announces Strategic Partnership With TecnoSun Solar

Low profile solar tracking system providing high yield for increased returns now available exclusively through EthoSolar Inc.

BARRIE, ONTARIO--(Marketwire - June 12, 2012) - EthoSolar and its sister company TecnoSun Solar Canada are bringing jobs to Ontario and up to 40% higher efficiencies to the commercial solar market through a strategic partnership with TecnoSun Solar Systems AG, a German manufacturer of solar tracking systems for commercial and industrial applications. EthoSolar is pleased to announce a partnership that will bring manufacturing to Ontario to build products for the entire Canadian market. While TecnoSun Solar Canada will be responsible for manufacturing and wholesale for ground mounted application, EthoSolar will manage commercial rooftop installations.

TecnoSun's patented technology allows for efficient and space saving installation of commercial rooftop and solar park tracking systems that cost less and operate more efficiently than competitive alternatives. EthoSolar is proud to be a part of moving solar technology toward full grid parity with simple and innovative solutions. Even more exciting is the opportunity to participate in the growth of the Ontario economy by providing permanent jobs in the manufacturing sector and assisting industry to more profitably reap a solar harvest.

Ken Rounds, Chairman of the Board of EthoSolar, responds to this development with; "EthoSolar is looking forward to introducing this unique innovative tracking technology from TecnoSun Solar to the commercial rooftop and the solar field markets in Ontario along with the rest of Canada. This new technology represents a paradigm shift in the solar tracking sector of the industry. This high density, low profile, lower cost and simplistic design will increase the Return on Investment for renewable energy investors. On average solar tracking systems typically increase electricity production between 20-40%, however, the main drawback of current market competitors' tracking systems is the long-term unreliability due to their dependence on electronics and moving parts. In essence, the more complicated the technology, the more problems they run into. TecnoSun Solar's unique design is simple and sets it apart from other systems on the market today. Simple design equals system reliability."

TecnoSun Solar Canada is currently vetting locations for an Ontario manufacturing plant and expects to be in production by the autumn of 2012. Further information on this product offered exclusively by EthoSolar can be obtained by visiting their website at www.ethosolar.com or by contacting the office at (705) 252-9155.

EthoSolar Inc: Established in 2009, EthoSolar is an Ontario-wide 360 degree solar solution provider. EthoSolar offers complete grid-tied solar solutions for roof mount systems, ground mount fixed systems and ground mount tracking systems. EthoSolar has installed over 450 microFIT and FIT projects serving commercial, agriculture and residential markets from the Greater Toronto Area to the remote stretches of the Canadian Shield. EthoSolar is dedicated to making each investment in clean, renewable energy as profitable and seamless as possible. For more on EthoSolar, visit: www.ethosolar.com

TecnoSunSolar Systems AG: TecnoSunSolar was established as a public company in early 2010. The firm's registered office is located in Neumarkt in der Oberpfalz, Germany. The basis of the company foundation was a patented dual-axis tracker, unique worldwide in the sum of its features. As a finalist in the Northern Bavarian Business Plan Competition, one of Germany's most renowned competitions, TecnoSunSolar attracted much attention from the very beginning - both among experts in the solar industry as well as investors. TecnoSunSolar has set itself the objective of supplying intelligent and intentionally simple solutions. In the course of 2010, further patents were introduced and mass production was initiated. For more on TecnoSun Solar Canada Inc., visit: www.tecnosunsolarcanada.com

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