BURNABY, BC, Feb. 15 /CNW/ - Day4 Energy Inc. (TSX: DFE), a leading supplier of high performance, cost-effective solar electric solutions, today announced it is has signed a frame agreement for 10 megawatts with SOLERA sunpower GmbH, in Southern Germany. The business relationship between the two companies started in 2009 and has been expanding rapidly ever since.
SOLERA sunpower has been focused on high quality photovoltaic (PV) solutions for the German market since 2004, The Company recently installed 150 kilowatts of Day4 modules on two complete streets of housing developments in Immendingen, Germany. "Based on our positive experience with the Day4 Energy module performance, the evolving conditions of the German feed-in-tariff system forecasted for 2010 and our focus on the best quality PV solutions, we chose to continue our partnership with Day4 as our major supplier of solar modules," said Silvano Jakob, CEO of SOLERA sunpower.
"Having worked with SOLERA since 2009, we appreciate their previous installation success with Day4 modules and look forward to working with them this year as they continue to grow," said Tim Morath, director of sales for Central Europe for Day4 Energy. "One of the rewards of a strong quality brand is the continued business and confidence in the product that we enjoy from our repeat customers. We look forward to a continued strong working relationship with SOLERA on these projects as well as other opportunities in the future."
About Day4 Energy:
Day4 Energy Inc. is a Canadian company dedicated to providing high performance photovoltaic (PV) solutions for residential, commercial and utility scale installations. By fundamentally improving on the design and assembly of solar cells and modules, the Company produces unique PV panels of high power density, increased lifetime and uncompromised aesthetic appearance. Day4 Energy partners with international technology leaders to develop and deliver IEC- and UL-certified solar products to customers around the world. Day4 Energy is listed on the Toronto Stock Exchange under the symbol "DFE". For more information, please visit www.day4energy.com.
About SOLERA sunpower:
SOLERA sunpower GmbH is a superior quality photovoltaic (PV) installer and wholesaler based out of the Baden-Wurttemberg region of Southern Germany. The Company's key markets include Germany, Spain along with other European countries. SOLERA sunpower GmbH is part of the Thomas Preuhs Holding Group which also owns Solare Datensysteme GmbH. Solare Datensysteme is the producer of Solar-Log, a high quality brand of monitoring systems. For more information, please visit http://www.solera-sunpower.de
Forward Looking Statements:
This news release contains forward-looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
SOURCE Day4 Energy Inc.
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