Sustainable Energy Technologies Ltd.
TSX VENTURE : STG

Sustainable Energy Technologies Ltd.

May 01, 2009 19:16 ET

Sustainable Energy Files 2008 AIF and Updates 2008 MD&A

CALGARY, ALBERTA--(Marketwire - May 1, 2009) - Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or the "Company") has filed its Annual Information Form ("AIF") for the 2008 fiscal year ending September 30, 2008 and has restated its Management Discussion and Analysis ("MDA") of the 2008 Financial Statements.

The AIF and MD&A provide greater depth of analysis of the Company's power inverter technologies, the value of these technologies for the solar power industry, the size and characteristics of the addressable markets for the Company's products, its strategies to penetrate these markets, the barriers to entry into the market and the competitive landscape. The MD&A discusses in greater detail the reasons behind reduced sales in Spain and Greece during 2008, and the significance of the reduced sales revenues in assessing the Company's future potential.

The documents can be found with the Company's public documents on SEDAR (www.sedar.com) and at the Company's website (www.sustainableenergy.com) under Investor/Financials/Fiscal 2008.

About Sustainable Energy: Based in Calgary, Canada, Sustainable Energy (www.sustainableenergy.com) designs and manufactures advanced power inverters for the solar power industry.

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.

Sustainable Energy has developed and patented an inverter design which is a breakthrough in solar inverter technology. It is the only inverter design which allows grid connected solar PV systems to be designed, using a "massively parallel" system architecture with an industry standard form factor and with electrical conversion efficiencies that meet or exceed industry leaders.

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; statements concerning the potential for sales in the markets we have entered and statements concerning the likelihood of different solar PV technologies penetrating these markets. 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 TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sustainable Energy Technologies Ltd
    Michael Carten
    President & CEO
    (403) 508-7177 #111
    Email: Michael. Carten @SustainableEnergy.com
    Website: www.sustainableenergy.com