Eguana Technologies Inc V.EGT

Will they be targeting the same clients as STG?

[Speedman63]

Schneider Electric – formerly known as Xantrex – says it will be fully compliant and ready to deliver inverters that meet the guidelines of Ontario's new "Green Energy" strategy, the Feed-in Tariff (FIT) program. Under that program, 50 percent of the goods and labor in a given installation must come from Ontario.
Many companies and organizations were critical of the local requirement, saying that it would mean that Ontario – with limited manufacturing in the renewables space – would not be able to scale up its program.
Many companies and organizations were critical of the local requirement, saying that it would mean that Ontario – with limited manufacturing in the renewables space – would not be able to scale up its program. However, in recent months, a number of companies have moved into the province, setting up production facilities there.
Schneider Electric was already well-postitioned to take advantage of the program, as it already had a facility in Mississauga, Ontario.
The manufacturing facility is fully staffed and functional, ready to roll out the existing 480 and 208 Vac versions of the Schneider Electric Xantrex GT100, Schneider Electric Xantrex GT250 and Schneider Electric Xantrex GT500 in August to be followed shortly by the 600 Vac versions of the Schneider Electric Xantrex GT100 and Schneider Electric Xantrex GT250 which will be released by the end of 2010 for shipment in 2011.
“We’ve worked very hard to achieve compliance in a timely manner,” said Rudy Wodrich, Commercial Vice President, Schneider Electric. “Our customers are a top priority and it is our goal to have uninterrupted delivery of FIT approved products available to them.”