Kromet Solar Inc.

Kromet Solar Inc.

March 01, 2011 09:49 ET

Local Cambridge Company, Kromet International Announces Agreement With Sharp to Supply FIT Compliant Solar Panels to Ontario Developers

CAMBRIDGE, ONTARIO--(Marketwire - March 1, 2011) - Kromet International Inc. today announced an agreement with Sharp Electronics to provide FIT compliant solar panels to developers and integrators of Ontario Feed-in-Tariff ("FIT") contracts. Through its wholly-owned subsidiary Kromet Solar Inc., the company will supply Sharp panels in addition to Kromet solar racking systems which are manufactured in its facilities in Cambridge and Hamilton, Ontario.

Sharp panels which use silicon refined in Ontario are compliant with the 2011 Ontario FIT content rules. Kromet Solar's racking system, which is used to mount the solar panels and provide the optimal tilt angle, complements the Sharp panels and is also fully compliant with domestic content requirements.

Sharp is one of the world's leading producers of solar panels. Kromet Solar will supply the popular 230W and 235W polycrystalline modules from Sharp. The panels will come with Sharp's 25 year warranty. Kromet Solar will provide local service and support for its customers including site assessment and installation support. "This is an important alliance for Sharp" said Eric Hafter, Senior Vice President of Sharp Solar Energy Solutions Group. "Kromet has been a valued manufacturing vendor with Sharp for nearly 20 years. We are looking forward to working together to deliver the efficient solution and product availability and guarantees that our solar customers require for successful FIT projects."

"We are delighted to be supplying Sharp solar panels to FIT projects in Ontario." said David McQueen, President of Kromet International. "Solar panels and racking systems make up 50-60% of a solar project cost. We now deliver a one stop, price competitive and FIT compliant solution for our customers for these critical components. We are also pleased to be part of the drive for renewable energy in Ontario and to be building the local economies of Cambridge and Hamilton. In order to ensure timely delivery, we would encourage customers to contact us as soon as possible."

Kromet has been manufacturing in Canada for over 30 years. The company has since grown its business internationally with manufacturing operations in Mexico and China and also by focusing on renewable energy products.

Kromet's solar panels from Sharp and its Ontario manufactured racking systems are currently available for order.

About Kromet. Kromet Solar Inc. is a Canadian source for Sharp Solar Photovoltaic panels, racking and accessories. Headquartered in Cambridge, Ontario, Kromet Solar designs and manufactures aluminum solar racking which can be combined with Sharp Solar panels, quality inverters and industry leading installation and site engineering services to meet FIT compliance rules for the Ontario market. Kromet Solar racking is also available to other markets throughout North America. Kromet International is a leading manufacturer of aluminum and steel products with manufacturing and locations in Canada, Mexico and China. Kromet Solar and Kromet International are part of the Kromet group of companies. For more information on Kromet Solar or Kromet International please visit krometsolar.com or kromet.com.

About Sharp Electronics. Sharp Electronics Corporation is the U.S. subsidiary of Japan's Sharp Corporation, a worldwide developer of one-of-a-kind home entertainment products, appliances, networked multifunctional office solutions, solar energy solutions, LED lighting and mobile communication and information tools. Leading brands include AQUOS® Quattron™ LCD televisions and 3DTVs, SharpVision® projectors, Insight® Microwave Drawer® ovens, Notevision® multimedia projectors and Plasmacluster® air purifiers. For more information visit Sharp Electronics Corporation at www.sharpusa.com. Follow us on Facebook or Twitter and watch us on YouTube.

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