More Good News...Day4 Energy Signs Distribution Partnership with Regency Solar for Australian Market
Mon Feb 22, 6:18 AM
Email StoryIM StoryPrintable View.BURNABY, BC, Feb. 22 /CNW/ - Day4 Energy Inc. (TSX: DFE.TO), a leading supplier of high performance, cost-effective solar electric solutions, today announced that it has signed a distribution agreement with Regency Solar, a division of Regency Media, based in Melbourne, Australia. This agreement will cover the Australian, New Zealand and Oceania markets. The first shipment of Day4 Energy's high performance 48MC modules to Regency Solar was completed immediately upon the signing of the agreement. The agreement is the first for Day4 Energy in this regional market.
Regency Solar enters the Australian and New Zealand solar market with proven marketing and distribution capabilities developed over many years of experience in the consumer electronics and media business. Regency will focus on providing their customers with solar energy solutions based exclusively around Day4 Energy solar module technology. "The Australian market is expanding rapidly and customers - retail and commercial - are becoming increasingly focused on high quality, high yield products," says Darren Johannesen, managing director of Regency Solar.
Day4 Energy has observed new solar energy markets emerging in the last 12 months, despite the challenging economic conditions. These global markets are in the early stages of development but are poised for strong growth as solar approaches cost parity with conventional energy sources. "Australia in particular is an attractive market for solar because of the ideal climatic conditions, solid government support and most importantly a rapidly growing customer base that is looking for green energy solutions," comments George Rubin, president of Day4 Energy. "We chose the best and most capable partner in Regency Solar for our entry into the diverse Australian and New Zealand markets," says Rubin.
Day4 Energy's aim is to gain market share in Australia and New Zealand and ultimately become the leading photovoltaic module supplier in this market. The relationship with Regency Solar is in alignment with the overall corporate objectives to develop strong marketing and distribution presence in key geographic markets throughout the world. Day4 Energy is currently exploring distribution and manufacturing opportunities for solar power in other emerging global markets.