BURNABY, BC, Feb. 22 /CNW/ - Day4 Energy Inc. (TSX: DFE), 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.
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 Regency Solar:
Regency Solar is an Australian Company based in Melbourne. Focused on highest quality solar solutions directly to its customers through a variety of direct channels, Regency Solar was founded in 2008. A subsidiary of Regency Media, Australia's largest independent Entertainment Media manufacturing and distribution company. Visit www.regencysolar.com.au.
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.
For further information: For further information: Therese Hayes, Head, Corporate Development, Day4 Energy Inc., (604) 296-0434, email@example.com; Agnieszka Pozniak, Media Contact, Day4 Energy Inc., (604) 296-0415, firstname.lastname@example.org; Darren Johannesen, Director, Regency Solar Pty Ltd, (613) 9587-1189, email@example.com