Sustainable Energy Technologies Ltd.
TSX VENTURE : STG

Sustainable Energy Technologies Ltd.

December 06, 2011 08:00 ET

Sustainable Energy and SunGrow Canada Debut New Ontario FIT Compliant Hybrid PV Inverter Solution at Solar Canada 2011 for North American Market

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2011) - Sungrow Canada Inc. ("Sungrow"), a North American leader in solar photovoltaic inverters and Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or the "Company") a Canadian solar inverter company introduced their new Sungrow-Sunergy hybrid PV Inverter solution geared towards the commercial rooftop market at the Canadian Solar Industry Association annual conference and exhibition in Toronto Ontario Canada.

The innovative hybrid PV Inverter solution can address any rooftop size larger than 100kW and offers significant performance and design advantages over other central PV Inverters. These advantages include:

  • The ability to easily match AC nameplate rating to any array size;
  • Shade tolerant solutions to maximize utilization of available rooftop space;
  • Single system monitoring of multiple generators; and
  • Industry leading cost per watt.

Sustainable Energy also announced a new "48 hour" uptime warranty for all Ontario SUNERGY inverters which will significantly increase system availability and deliver overall higher lifetime investment returns for project owners. SUNERGY is reporting peak efficiencies above 97% and 99.8% product reliability. SUNERGY is the only CSA/UL listed inverter is its power class rated from -40C to +50C.

Solar Canada 2011 is CanSIA's annual conference and exposition, which takes place Dec 5-6th at the Metro Toronto Convention Centre in Toronto. Sustainable and SunGrow are showcasing the Sungrow-Sunergy hybrid PV Inverter at booth number 1012. Conference attendees are able to view and learn more about the hybrid system, which is available for immediate shipment.

Interested parties can contact Sustainable Energy's sales team directly at 416-816-5703 or visit them at the Solar Canada 2011 show booth number 1012.

About Sungrow Canada Ltd:

Sungrow Canada Inc., located in Vaughan in Toronto of Ontario, is dedicated to building a comprehensive base for production, technological research and development and after-sale services of PV inverters relying on the advantages of the headquarters in China in power conversion with renewable energy and providing quality Sungrow products and service for North America.

Sungrow Canada Inc. is the first overseas joint venture set up by Sungrow and is also a new regional headquarters in North America, initiating the entrance of Sungrow products into North American markets. Sungrow Power Supply Company Ltd, the parent company based in Hefei, China, has over 600 employees, ranked as the 13th largest inverter manufacturer globally, with over 40% market share of the domestic Chinese market. The company has shipped over 1GW of PV inverters and is listed on Shenzhen Exchange under: 300274.

About Sustainable Energy:

Sustainable Energy (www.sustainableenergy.com) is Canada's solar inverter company. The Company's patented inverter technologies are a breakthrough in power inverter design and capabilities for all forms of distributed generation and smart grid applications.

The SUNERGY inverter is the industry's only grid-interactive solar inverter which enables a "parallel" solar PV system architecture in higher power ratings at a cost and serviceability factor that is comparable to other conventional inverters in the market. The benefits of parallel solar are: (i) 5% - 25% higher total system power output; (ii) a better fill factor enabling better coverage of available space; (iii) simplified system design and installation; and (iv) the safety of extra low operating voltages which ensures the safety of building maintenance personnel, first responders, and tradesmen who may accidentally come into contact with system wiring.

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, it includes: statements concerning the impact of Sustainables' technology on solar PV system performance, the forecasted demand for inverters and the forecasted rate of production by Eclipsall. While management believes these statements to be accurate they are dependent on a wide range of factors beyond management's control and should not be viewed as a guarantee of the specific outcome. Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties.

Many factors could cause the Companies' 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 Companies do 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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