Sustainable Energy Technologies Ltd.
TSX VENTURE : STG

Sustainable Energy Technologies Ltd.

September 14, 2011 08:00 ET

Sustainable Energy Ships Additional 60 Units to AZGARD Solar in Ontario

Ontario Market Resuming Growth with 200 MW Backlog of OPA Approved Projects

TORONTO, ONTARIO--(Marketwire - Sept. 14, 2011) - Sustainable Energy Technology Ltd. (TSX VENTURE:STG) ("Sustainable Energy" or the "Company") is pleased to announce that it has shipped an additional 60 units plus balance of systems components to AZGARD Solar for use in AZGARD's Sun Ranger Solar Energy Kits for the Ontario microFIT market.

"After some early bumps, the Ontario microFIT market is resuming its growth with average installations increasing to approximately 6MW per month," said Michael Carten CEO of Sustainable Energy. "We expect this trend to continue with the recent announcement that conditional contracts will now be freely transferable to different sites in the Province circumventing localized grid capacity issues."

The backlog of contracts approved by the Ontario Power Authority is in excess of 200MW (an estimated $80 - $100 million value). The application backlog with the OPA for contract approval represents an additional 123 MW with new applications accelerating to an average of 20MW per month.

Sustainable Energy's Made in Ontario, inverter technology is ideally suited for the microFIT market enables up to 30% more yield than conventional inverters in this application.

About AZGARD Solar Inc:

Headquartered in Calgary Alberta, AZGARD Solar (www.cyntechsolar.com) formerly known as Cyntech Solar and is a subsidiary of Cyntech Corporation (Owned and supported by North American Construction Group) which has been providing innovative, cost-effective, and reliable solutions to the energy and petro-chemical industry since 1981. Specializing in tank upgrading services, helical piles, and pipeline anchor systems, Cyntech has built a solid reputation as an industry leader.

AZGARD Solar's distinguishing expertise enables them to offer both comprehensive turn-key service packages and customized service packages to suit the specific needs of their clients. Skilled personnel, specialized technology, and a dedication to rigorous product testing and quality control ensure your project is completed safely and efficiently.

About Sustainable Energy:

Sustainable Energy (www.SustainableEnergy.com) is Canada's solar inverter company. The Company's patented technologies enable the only solar inverter which combines the low cost and easy serviceability of conventional string inverters with the performance and design flexibility of module level power optimization. The Company's products target light industrial commercial and institutional rooftop applications.

The benefits of module level power optimization include: (i) 5% - 15% higher total system power output by reducing systemic losses from shading and module degradation; (ii) a better fill factor enabling better coverage of available space; (iii) a simplified system design and installation; and (iv) the safety of extra low operating voltages. Sustainable Energy's technologies are the subject of multiple patents issued by and pending with the Canadian and US Patent Offices.

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; and statements concerning demand for products; and statements concerning AZGARD Solar Inc.

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.

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