Sustainable Energy Technologies Ltd.

Sustainable Energy Technologies Ltd.

August 25, 2005 17:56 ET

Sustainable Energy Raises $1.0 Million

CALGARY, ALBERTA--(CCNMatthews - Aug. 25, 2005) - Sustainable Energy Technologies Ltd (TSX VENTURE:STG) (the "Company"), announced today that it has agreed to issue a combination of 1,851,852 Common Shares at a price of $0.27 per share ($500,000), and 50 Limited Partnership Units of its subsidiary STG Markets Limited Partnership ("STG Markets") at a price of $10,000 per Unit ($500,000) for total gross proceeds of $1,000,000.

Under the terms of the financing, each STG Markets LP Unit will be callable by the Company after December 31, 2005 in exchange for 33,333 Common Shares ($0.30 per share) of the Company - a total of 1,666,650 Common Shares. The Company will pay finders' fees totaling $70,000, and is issuing 351,851 broker warrants, exercisable by the holders thereof until August 25, 2006, at a price of $0.30 per share.

The net proceeds of the issue will be used to expand the Company's investment in developing new markets and partnerships for its SUNERGY series of solar inverters in Europe, especially in Germany which is currently the largest market for solar inverters in the world.

All securities issued in connection with the financing are subject to a four month hold period.

Based in Calgary, Alberta, Sustainable Energy ( develops manufactures and markets advanced power inverters for the renewable energy industry. Power inverters are strategic to the integration of new renewable energy technologies - solar and wind power, fuel cells, and energy storage systems - into the power infrastructure.

The SUNERGY series of inverters has efficiencies among the highest in the industry, and has the industry's best thermal properties ensuring maximum power output from the solar modules throughout the day. The core power electronics used in the SUNERGY series of solar PV inverters have been refined and proven over the past two years in the very demanding fuel cell environment.

Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information