NEWS! 10k SOLARSustainable Energy Technologies Ltd (STG:TSXV) - News Alert Sustainable Energy Announces Multi-Megawatt Supply Agreement
for US MarketSustainable Energy Technologies Ltd. (TSX VENTURE:STG)
("Sustainable Energy" or the "Company") announced today
that tenKsolar will source its low voltage power electronics
requirements for its integrated RAIS(R) Wave system from
Sustainable Energy under a long term supply contract
with the Company.tenKsolar's demand forecast for the first 12 months of
the agreement beginning April 1, 2011 is an estimated
4,600 units or about 23 MW. tenKsolar has committed
to a minimum of 1,600 units (8MW) over this period
including units delivered through leading US distributors
such as Stuart C. Irby Company.The RAIS Wave system is a fully integrated non-penetrating
integrated rooftop solution built around RAIS smart solar
modules that delivers AC energy directly off the rooftop.
The system has been shown to provide between 25% and 100%
greater energy density than conventional crystalline systems
in many deployments. It can be installed at one of the lowest
weights per square foot in the industry.The RAIS WAVE system integrates Sustainable Energy's
patented low voltage inverter to deliver maximum fire
safety and high energy production while reducing cost
and complexity by providing everything needed for a
commercial solar installation in one complete package.As part of the agreement, Sustainable Energy has
agreed to advance development of a product platform
for tenKsolar incorporating the Company's recently
announced (News Release dated March 2, 2011)
proprietary (patents pending) control technologies,
with tenKsolar contributing to non-recurring
engineering costs associated with development.tenKsolar's RAIS systems will be sold principally
in the US for commercial and institutional solar
rooftop applications.For competitive and customer confidentiality
reasons, the Company does not disclose the value
of specific supply contracts unless required to
do so by agreement or law. Product pricing will
typically reflect market pricing unless otherwise noted.About tenKsolar Headquartered in Minneapolis, Minnesota, tenKsolar designs, manufactures and markets the world's most productive and reliable photovoltaic solutions. The tenKsolar RAIS(R) Wave system combines RAIS PV modules, RAIS Wave Light-Smart reflectors and integrated racking into a repeating wave pattern yielding the highest energy density output for flat roof or ground mount systems. In addition, multiple levels of failover redundancy within the system ensure the greatest lifetime energy output.tenKsolar's proprietary Cell Optimizing architecture makes the tenKsolar RAIS PV modules more efficient and unique in their ability to generate energy from all available light, whether direct, diffuse or reflected. By designing the RAIS PV module and its proprietary filtering reflector as structural components in the RAIS Wave, tenKsolar developed a minimal ballasting, easy-to-install, low-cost system which requires no roof penetrations.