WINDSOR, ONTARIO--(Marketwire - June 14, 2012) - Sustainable Energy Technologies Ltd. (TSX VENTURE:STG) and Unconquered Sun Solar Technologies ("Unconquered Sun") a Windsor, Canada based manufacturer of premium photovoltaic modules jointly announced an agreement which will see Unconquered Sun use Sustainable Energy's ProFab ground-mount solar systems exclusively for all of its requirements and oversee marketing, sales, distribution and installation of ProFab systems within Windsor and Essex County.
Unconquered Sun installed its first ProFab system earlier this week in the Town of Tecumseh located East of Windsor. Further projects are expected to roll out with Unconquered Sun over the summer.
"ProFab changes the game for ground-based systems making solar affordable and more economical to farmers and small landowners," said Joseph Papic, Director of Marketing and Sales for Unconquered Sun. "Our first system was shipped, installed and commissioned all in the same day. The case for ProFab is very compelling and we are excited to be taking the product to market this summer."
ProFab is a complete factory assembled and pre-certified solar PV system which is designed to reduce on-site labor costs by up to 90% and de-risk the installation process for project developers. It is made possible by Sustainable Energy's shade tolerant parallel design architecture which accommodates a wide range of different site conditions. ProFab systems for Unconquered Sun will integrate Unconquered Sun's "Windsor Series" solar module, a premium high-efficiency, light-weight module engineered with the rugged North American climate in mind.
Unconquered Sun Solar Technologies Inc. is the first fully vertically integrated solar module manufacturer of its kind in North America providing in-house engineering, procurement and construction capability for all rooftop and ground-mounted solar projects. Current plant capacity sits at 18MW.
"We have a long standing relationship with the team at Unconquered Sun which is a leader in solar in the Windsor and the Essex County region with a very strong market presence. We are very much looking forward to this new partnership," said Livio Filice Director of Sales for Sustainable Energy.
About Unconquered Sun Solar Technologies:
Unconquered Sun Solar Technologies Inc. is a Windsor, Ontario-based manufacturer of premium high-efficiency, lightweight photovoltaic modules engineered with the rugged North American climate in mind. Current plant capacity sits at 18MW. Further, Unconquered Sun is the first truly vertically integrated company of its kind. Unconquered Sun provides in-house engineering, procurement and construction capability for all rooftop and ground-mounted solar projects.
About ProFab Solar:
ProFab Solar is a joint venture subsidiary of Sustainable Energy with Steel Tree Structures which supplies the racking and assembles systems exclusively for ProFab Solar in Ontario. The ProFab system delivers a lower cost, lower risk solution for smaller system developers, which is more bankable, and which delivers attractive investment returns even with the new lower feed-in tariffs.
About Sustainable Energy:
Sustainable Energy (www.SustainableEnergy.com) is a Canadian power electronics company which supplies Canada, the U.S. and Europe. The company's patented inverter technologies are a breakthrough in power inverter design and functionality for all forms of distributed generation storage and smart grid applications. Approximately 20 MW of 1st and 2nd generation products have been installed in 7 different countries.
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 marketing plans for ProFab Solar; statements concerning the value of the Unconquered Sun Solar Technology modules; statements concerning economic value of ProFab Solar; and statements concerning Sustainable Energy's strategy.
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.