Sustainable Energy Technologies Ltd.
TSX VENTURE : STG

Sustainable Energy Technologies Ltd.

May 27, 2013 08:23 ET

Sustainable Energy Forwards Prosol Invest Related News Releases

CALGARY, ALBERTA--(Marketwired - May 27, 2013) - Sustainable Energy Technologies (TSX VENTURE:STG), ("Sustainable Energy" or the "Corporation") is forwarding news releases concerning the Sonnenbatterie product line by PROSOL Invest Deutschland GmbH ("Prosol") that were released shortly prior to the announced supply agreement between Prosol and Sustainable Energy. (See Sustainable Energy Closes Multi-Megawatt Supply Contract with Market Leading Solar Battery Integrator in Germany, May 16, 2013)

  • RWE Efficiency GmbH release dated April 26, 2013 and entitled "Solar Energy Storage: RWE Expands Product Line") can be found at: http://tinyurl.com/p9r4px6
  • Kyocera release dated May 6, 2013 and entitled "Kyocera Markets Lithium Storage System from Prosol Invest") can be found at: http://tinyurl.com/nhqwlqf
  • Prosol release dated May 19, 2013 concerning the supply agreement with Sustainable Energy wherein it identified key competitive attributes of Sustainable Energy's "BiDirex" inverter in the German solar storage market can be found at: http://tinyurl.com/nmezg6t

The referenced news releases are not Sustainable Energy's releases and are provided only for informational purposes. The statements therein are not Sustainable Energy's statements and may contain forward looking statements. The reader is cautioned that actual results could differ materially from current expectations and assumptions contained in such forward looking statements.

About PROSOL Invest Deutschland GmbH

Based near Kempten Germany, PROSOL Invest Deutschland GmbH is the German market leader for intelligent lithium based storage systems and has many years of experience with battery storage technologies and renewable energies.

Sonnenbatterie is a highly intelligent lithium based solar storage system, which is much more than just a battery. Sonnenbatterie includes various added values such as smart home, smart meter and solar PV monitoring. Sonnenbatterie is available in various system sizes to perfectly cover the demand of small family to high end houses and small to medium-sized companies or farms. It is ideally suited to retrofit existing PV systems as well as for new installations. On average, the users of Sonnenbatterie consume more than 75% of their self generated electricity. The technology is not only extensively tested, but has also proven its functionality and reliability in the field since 2010.

About Sustainable Energy

Sustainable Energy (www.SustainableEnergy.com) designs and manufactures advanced power electronics for distributed smart grid and micro-grid applications. Advanced power electronics are a critical interface between all distributed generation and storage systems devices, ensuring the delivery of high quality alternating current (AC) to the power grid as well as providing utility control over the interconnection and power quality.

Sustainable Energy's bi-directional low voltage energy storage inverter directly connects low voltage batteries to the grid with the power industry's highest round trip (battery charging and discharging) efficiencies. The inverter meets tough utility smart grid standards such as Germany's VDE 4105 which is becoming a global standard and enables full utility control over the battery dispatch and power quality functions

The inverter's software configurable platform has been designed from the ground up to be easily integrated into power management systems, with the industry's only open industry standard communications software to support a highly cost competitive OEM strategy and allowing rapid development of OEM partner product solutions.

Sustainable Energy's platform is based on patented breakthroughs in power inverter design that enable its platform to convert high current/low voltage DC into high quality AC with conversion efficiencies that are materially higher than anything in the market with an inherently lower cost structure.

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 value of future demand for energy storage inverters; statements concerning the efficiency and cost advantages of our energy storage inverters; statements concerning the Sonnenbatterie product and statements concerning Prosol's market share expectations.

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.

Readers are also directed to the Risk Factors section of the Company's current Annual Information Form which may be found on its website or at www.sedar.com 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.

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
    Michael Carten
    Chief Executive Officer
    +1.403.630.9544
    Michael. Carten @sustainableenergy.com

    Investor Contact:
    Alliance Advisors, LLC
    Valter Pinto
    +1.914.669.0222
    Valter @allianceadvisors.net