TORONTO, ONTARIO--(Marketwire - June 19, 2012) - Sustainable Energy Technology Ltd. (TSX VENTURE:STG) ("Sustainable Energy") is pleased to announce that it has shipped a combined 288 PARALEX inverters to tenKsolar and to tenKsolar's main US distributor, Stuart C Irby for use with the tenKsolar RAISWAVE system. The shipments keep the Company on track for deliveries under a previously announced 28MW Supply Contract with tenKsolar.
Headquartered in Minneapolis, Minnesota, tenKsolar (www.tenKsolar.com) offers high efficiency, high reliability systems for commercial rooftop solar. The PARALEX inverter is a key enabler of tenKsolar's patent pending cell optimizing technology which yields maximum solar output and multiple levels of redundancy to ensure long-term reliability. Stuart C. Irby is one of the largest regional electrical distributors in the United States.
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; and statements concerning the performance of solar PV systems provided by tenKsolar. 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.