SOURCE: BlueNRGY Group Limited

BlueNRGY Group Limited

BlueNRGY Group Limited

July 12, 2016 08:00 ET

Shoals Technologies Group and Draker Corp Announce Distribution Alliance

PORTLAND, TN--(Marketwired - Jul 12, 2016) - Shoals Technologies Group, the global PV Balance of Systems leader, and Draker Corp. a leading provider of data management, analytics and control systems for distributed power generation worldwide, and a subsidiary of BlueNRGY Group Limited (OTCBB: CBDEF), today announced that Shoals will begin offering its customers the option to include Draker data acquisition and control systems optimized for the Shoals offerings, including the Big Lead Assembly (BLA) and Balance on Tracker (BoT) products.

The ability to reliably collect operating data and control system component performance at the sub-system and component level is increasingly recognized by the leading asset owners and managers as key to maximizing project revenues. Ensuring that power losses are minimized at interconnect, aggregation and power conversion points is critical. The Shoals SnapShot hardware is engineered to achieve this goal and when matched with Draker's powerful data collection and management platform, PV system performance can be monitored, validated and faults rapidly corrected. 

"This alliance is another step in Shoals' quest to make the execution of projects simpler for its customers while delivering tailored solutions that minimize project installation costs and maximize system performance over decades of service," said Dean Solon, President and CEO of Shoals Technologies Group. He added, "We aligned with BlueNRGY / Draker because, like Shoals, they are focused on serving customer needs with industry-leading reliability, technical superiority in their data management and control systems, and outstanding customer service. The formalization of Draker's strategic partnership with Inaccess adds to the range of leading solutions that Shoals can provide to its customers, including a robust and bankable SCADA option suitable for the largest solar sites." 

The newest release (v7.0) of Draker's time-tested solar monitoring and asset management software for cost-effectively capturing site data and delivering effective system control will be on display at the Shoals booth (#8433) at the InterSolar North America Conference and Exhibition taking place on July 11 - 14, 2016 in San Francisco. Also showcased will be the SCADA solutions of Draker's strategic partner, Inaccess. Together, this product range covers every data capture and asset management requirement for PV systems ranging in size from 20KW to more than 100MW and the solution is scalable for efficient management of multi-gigawatt portfolios as well. 

William Morro, Chairman & Managing Director of BlueNRGY Group Limited, noted, "BlueNRGY's recent strategic investment and the formalization of the strategic alliance between Inaccess and Draker provides the perfect product array to complement Shoals' customer base. Collectively, Draker and Inaccess are one of the world's largest and fastest growing independent data acquisition and control solutions providers, monitoring more than 6GW of solar installations worldwide. As the clear market leader in BOS (Balance Of System) deployments in North America, Shoals systems have demonstrated an unparalleled level of reliability and market acceptance. We are very pleased that Shoals has chosen to make the Draker / Inaccess solutions available to its demanding customer base and we look forward to introducing Shoals products to the diverse BlueNRGY / Inaccess customer base outside the Americas region. We are confident that our distribution alliance with Shoals will accelerate the growth of both companies and are excited to be working with the Shoals team."

About BlueNRGY & Draker
Established in 1989, BlueNRGY Group Limited is a leader in engineered solutions for the management of distributed power generation and climate control/energy efficiency systems. Its data collection and management solutions, provided by its Draker Corp subsidiary, are deployed worldwide and are relied upon by system owners, financial institutions, utilities, government bodies and component manufacturers to deliver mission-critical information. As a global leader in delivery of best-in-class technology, BlueNRGY has designed and installed more than 230 MW of solar and wind systems for commercial and utility applications and it provides monitoring and control for more than 2GW of renewable power systems as well as the world-class system life-cycle maintenance and support capabilities that its clients demand. The company's Parmac division is a leader in energy-efficient climate control systems in its served Australian markets.

With regional headquarters in Australia, the USA and Europe, BlueNRGY and Draker are positioned to serve customer operations globally. For more information, visit www.BlueNRGY.com and http://Drakerenergy.com.

About Shoals Technologies Group
Shoals Technologies Group is a leading manufacturer of balance of systems solutions. Consistently providing customers with innovative designs and superior quality products has directly contributed to the exponential growth since its founding in 1996. With over 15 GW+ of BOS products deployed globally, Shoals maintains a diverse portfolio of PV balance of systems products, including, combiner/re-combiner boxes, disconnecting combiner boxes, custom harnessing solutions, junction boxes, PV wire, in-line fuses, racking and PV monitoring solutions.

Caution Concerning Forward-Looking Statements:
This news release contains 'forward-looking statements. Such forward-looking statements can be identified by, amongst other things, the use of forward-looking language, such as the words 'plan', 'believe', 'expect', 'anticipate', 'intend', 'estimate', 'project', 'may', 'would', 'could', 'should', 'seeks', or 'scheduled to', or other similar words, or the negative of these terms, or other variations of these terms or comparable language, or by discussion of strategy or intentions.

Such forward-looking statements are subject to various risks, as well as those set forth in the BlueNRGY most recent annual report on Form 20-F and its other filings with the SEC, and involve assumptions, estimates, and uncertainties that reflect current internal projections, expectations or beliefs. Such statements include, without limitation, market expectations regarding monitoring system capabilities and the suitability of Draker and Inaccess products for such purposes, the competitive positioning of the technology offered by BlueNRGY, Draker and Inaccess, the performance of Shoals products and expectations about growth of Draker and Inaccess sales as a result of the relationship with Shoals. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements contained in this news release are qualified in their entirety by these cautionary statements and the risk factors described above. Furthermore, all such statements are made as of the date of this release, and BlueNRGY Group Limited assumes no obligation to update or revise these statements unless otherwise required by law.

Contact Information

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