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Gold/Mining/Energy : Sustainable Energy Technologies (STG.V)

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From: TheSlowLane3/23/2010 11:29:44 AM
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Morrison Hershfield and Sustainable Energy To Team Up for Joint Solar PV Projects in Ontario

Toronto, ON - March 23, 2010 – Sustainable Energy Technologies Ltd (TSX V:”STG”) (“Sustainable Energy” or the “Company”) and Morrison Hershfield Limited (“Morrison Hershfield”) a leading North American engineering and management firm, today jointly announced their collaboration to provide complete project design and installation services for commercial and institutional rooftop and land based solar photovoltaic systems under the Ontario Green Energy Act and Feed-in-Tariff (“FIT”) Program.

The collaboration responds to a need on the part of building and ground mount site owners, developers and their financial supporters for a professional process to review buildings for structural integrity and to identify, develop, install and commission the best sol ar PV system possible for the application. The firms also provide detailed project scheduling and costing along with the necessary support and training to ensure long-term operating and financial success.

With over 700 employees across North America, Morrison Hershfield provides an integrated multidisciplinary engineering approach to roof structural analysis, determining the suitability of appropriate, sustainable and cost effective solar PV system designs. Morrison Hershfield will perform the site analysis, detailed design, engineering, and project and construction management enabling a comprehensive professional approach to solar PV system design and installation.

Sustainable Energy’s new PARALEXTM Bosch Solar system combines the patented SUNERGYTM low voltage inverter and the premium, high efficiency Bosch Solar micro-morph amorphous silicon, thin film photovoltaic modules to deliver higher energy yields, reduce instal lation cost and enable the industry’s first inherently safe solar PV system. A video explaining PARALEXTM and its advantages can be found at www.ParalexSolar.com.

Combining the resources of both firms, the collaboration enables the delivery of effective and comprehensive “turnkey” solutions for commercial and institutional rooftop solar power applications with the goal of enabling lowest installed cost per watt and the highest return on investment for rooftop solar PV systems in Ontario. The collaboration and the PARALEX Bosch Solar product meet the minimum domestic content thresholds for the Ontario FIT Program.

About Morrison Hershfield Limited:

Morrison Hershfield Limited (www.morrisonhershfield.com) is a multidisciplinary engineering and management firm providing engineering and design build services to clients in the trans portation, building, life sciences, municipal, utilities and telecommunications sectors. Additionally, it offers land development, infrastructure planning, residential and commercial design and rehabilitation, telecom network site deployment, distribution and transmission, and demand management services. The employee-owned firm started with a single office in 1946 and has grown to fourteen offices across North America. Their vision is to be the first call for engineering solutions that make a difference.

About Sustainable Energy Technologies Ltd:

Sustainable Energy Technologies Ltd. (www.sustainableenergy.com ) designs, manufactures and distributes power inverters for grid-connected solar PV systems under the SUNERGYTM trademark. Advanced power inverters are a critical enabler of all modern solar PV power systems converting the direct current (“DC”) power ou tput 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.

PARALEXTM (www.paralexsolar.com) is a solar power system architecture enabling solar modules to be wired in a parallel array. Using Sustainable Energy’s patented SUNERGYTM inverter technology, the ParalexTM architecture enables each solar module to operate independently of any other module in the system delivering 5-15% increased energy yield, without the expensive hardware and continuing maintenance cost of micro-inverter products. Every module delivers its maximum power potential while eliminating the string inverter impact of shading, soiling and other real world factors.

In rooftop applications, the extra lo w 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.

Sustainable Energy’s technologies are the subject of multiple patents issued by and pending with the US Patent and Canadian Patent Offices.
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