TORONTO, ONTARIO--(Marketwire - Feb. 5, 2010) - Sustainable Energy Technologies Ltd. (TSX VENTURE:STG), ("Sustainable Energy") one of Canada's leading solar technology companies announced today it has been listed as one of the TSX Venture 50, a ranking of strong performers listed on TSX Venture Exchange in five different industry sectors identified as leaders in Canada's public venture market.
Based in Toronto, Ontario, Sustainable Energy manufactures the critical power control systems needed for rooftop and ground-based solar PV systems. Sustainable Energy is ranked third among the top 10 emerging companies in the TSX Venture Cleantech sector.
"It's an honour to be selected as part of TSX Venture 50 in Cleantech, especially at such a pivotal time for the solar and renewable energy industries," said Sustainable Energy President and CEO, Robert Bucher. "There is a tremendous opportunity for the financial industry to engage in the growth of renewable energy production. Sustainable Energy is committed to helping establish Canada's position as a leader in this market while also driving solar technology innovation worldwide."
The 2010 TSX Venture 50 were selected based on four equally weighted criteria: return on investment, trading, analyst coverage and market capitalization growth and comprise the top ten performers in 5 different industry sectors: Cleantech, Diversified Industries, Mining, Oil & Gas and Technology and Life Sciences sectors.
"We are pleased to celebrate the 2010 TSX Venture 50," said John McCoach, President, TSX Venture Exchange. "These outstanding companies are proven leaders in their respective sectors and we are proud to have them listed on TSX Venture Exchange. We wish them all continued success."
About Sustainable Energy: Sustainable Energy (www.sustainableenergy.com) designs, manufactures and distributes power inverters for grid-connected solar PV systems under the SUNERGY trademark. Advanced power inverters are a critical enabler of all modern solar PV power systems converting the direct current ("DC") power output of the solar PV modules into the high quality alternating current ("AC") power required by the power grid. Advanced power inverters also optimize the performance of the solar PV modules and maintain the integrity and safety of the interconnection with the power grid.
In rooftop applications, the extra low operating voltage of the SUNERGY platform enables a system architecture that is inherently safe and that can be installed and maintained by most building trades without the need for PV specialists, significantly reducing the installed system cost and increasing investor yields.
In ground-based applications, multiple SUNERGY inverters offer higher system yield, less downtime and easier installation and maintenance, than larger "central" inverters. For these reasons, multiple smaller inverters like SUNERGY are increasingly displacing central inverters in European ground based applications - where system performance rather than name plate capacity is the driver.
Sustainable Energy's technologies are the subject of multiple patents issued by and pending with the US Patent and Canadian Patent Offices.