CALGARY, ALBERTA -- (Marketwired) -- 07/08/13 -- Sustainable Energy Technologies (TSX VENTURE: STG), ("Sustainable Energy" or the "Company") is pleased to announce that Prosol Invest Deutschland GmbH ("Prosol Invest") will standardize its market leading Sonnenbatterie product line for global markets around Sustainable Energy's Bidirex smart grid energy storage inverter platform. (See www.sonnenbatterie.de/en)
Prosol has increased its initial order for Bidirex inverters and has accelerated inverter deliveries.
The Sonnenbatterie line of solar based residential and commercial management systems will be introduced to the North American market for the first time at the Inter-solar North America Exhibit at Moscone Center in San Francisco, California, from July 9 - 11. Sustainable Energy personnel will be on hand at the Sonnenbatterie booth (Booth #8245) to provide technical background and support on the features and functionality of the Bidirex inverter that is powering Sonnenbatterie products.
"We are pleased with these developments and proud to be able to play a role in contributing to the Sonnenbatterie success everywhere. Prosol Invest's decision to standardize on the Bidirex energy storage inverter validates our core design philosophy to deliver a globally certified platform that is software configurable for multiple market applications," said Justin Holland, COO of Sustainable Energy. "The result is lower cost, higher reliability, and the ability to quickly develop and deploy integrated product solutions in response to changing market conditions."
The Bidirex inverter is a high efficiency, bi-directional, grid-interactive inverter, specifically designed to connect distributed low voltage generation and storage systems to smart grids and micro-grids. The Bidirex inverter combines the highly flexible "AC coupled" design, which enables complete flexibility to retrofit or build out system incrementally, with the highest round trip electrical conversion efficiencies in the power industry. Bidirex moves seamlessly from grid-interactive to grid-independent operating modes and is easily integrated with most advanced battery technologies.
About PROSOL Invest
Based near Kempten Germany, PROSOL Invest Deutschland GmbH ("Prosol Invest") is the German market leader for intelligent lithium based storage systems. Sonnenbatterie is a highly intelligent lithium based solar energy storage system, which includes multiple added values, such as smart home, smart meter and solar PV monitoring. Sonnenbatterie is available in a full range of system sizes to cover the demand of small families to high end homes as well as small to medium-sized businesses or farms. Sonnenbatterie's "AC coupled" design makes it ideal to retrofit existing PV systems as well as for new installations. On average, the users of Sonnenbatterie in Germany consume more than 75% of their self generated electricity.
About Sustainable Energy
Sustainable Energy (www.SustainableEnergy.com) designs and manufactures advanced power electronics for distributed smart grid and micro-grid applications. Advanced power electronics are a critical interface between all distributed generation and storage systems devices, ensuring the delivery of high quality alternating current (AC) to the power grid as well as providing utility control over the interconnection and power quality.
Sustainable Energy's bi-directional low voltage energy storage inverter branded BiDirex directly connects low voltage batteries to the grid with the power industry's highest round trip (battery charging and discharging) efficiencies. The inverter meets tough utility smart grid standards such as Germany's VDE 4105 which is becoming a global standard and enables full utility control over the battery dispatch and power quality functions.
Sustainable Energy's platform is based on patented breakthroughs in power inverter design that enable its platform to convert high current/low voltage DC into high quality AC with conversion efficiencies that are materially higher than anything in the market with an inherently lower cost structure.
Forward Looking Information
The reader is advised that some of the information herein may constitute forward-looking statements within the meaning assigned by National Instruments 51-102 and other relevant securities legislation. In particular, we include: statements concerning the features of our Bidirex inverter and statements concerning the features of the Sonnenbatterie energy management system.
Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Many factors could cause the Company's actual results, performance or achievements, or future events or developments, to differ materially from those expressed or implied by the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof.
Readers are also directed to the Risk Factors section of the Company's current Annual Information Form which may be found on its website or at www.sedar.com The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Sustainable Energy Technologies Ltd.
Chief Executive Officer
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