SANTA CLARA, CALIFORNIA--(Marketwire - Nov. 13, 2012) - Sustainable Energy Technologies Ltd. (TSX VENTURE:STG) ("Sustainable Energy" or the "Company") a designer and manufacturer of energy saving and storage solutions for homes and businesses of all sizes, today announced that it has completed installation of the first Solar Frontier residential solar system using Paralex energy optimizing technology.
Developed jointly by Solar Frontier Americas (www.solar-frontier.com) and Sustainable Energy (www.sustainableenergy.com) for the US residential and small commercial market, the bundled solution will offer the highest level of shade tolerance in the industry, provide complete layout flexibility when tiling the roof, and deliver maximum energy per square foot as well as industry leading aesthetic appearance.
Ravi Menon, at Solar Frontier Americas Inc. commented, "We are very pleased at the completion of the first Paralex / Solar Frontier system and expect great results. Paralex leverages the strengths of our CIS technology so our customers will be able to benefit from this modular, high performance system."
Brent Harris, Chief Technology Officer for Sustainable Energy, commented, "This package brings the simplicity of AC module layout and installation to Solar Frontier's high efficiency CIS modules without the cost of module-integrated electronics. This is where the industry is headed to drive out soft balance of system costs and offer a better looking installation. We are very excited and looking forward to helping to open new opportunities for Solar Frontier in the residential and small commercial rooftop market."
The Paralex / Solar Frontier system integrates parallel DC wiring into each module to achieve the same flexibility and performance as AC modules using micro-inverters, but without requiring any electronics on the module. The result is lower cost and lower risk for the customer.
The first installation was completed in the Alberta foothills, using Solar Frontier's high performance CIS modules with Paralex inverters, and can be viewed on the Company's website - http://sustainableenergy.de/index.php?id=193
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 has designed a simple low cost platform that is software configurable for a wide range of low voltage generation and storage technologies, including solar PV fuel cells and all the emerging battery technologies. The Company's platform is based on breakthroughs in power conversion technology 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.
Sustainable Energy's growth strategy is to partner strategically with companies that have the products and/or market position to leverage the benefits of the Company's technologies into superior product solutions
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 the value of standardized packages to the industry. 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.