Sustainable Energy to Start Shipping Storage Inverters to Prosol Invest
Jun 27, 2013 (Close-Up Media via COMTEX) --
Sustainable Energy Technologies, a designer and manufacturer of power electronics for distributed smart grid and micro-grid applications, announced that it has received initial production purchase orders from Prosol totalling more than $500,000 in value along with deposits called for under its previously announced Supply Contract.
According to a release, deliveries of a mix of 2.5kW, 3.5kW and 5 kW inverters are scheduled to begin during the last week of June 2013.
"The orders cover the starting three months of the contract and are higher than the expected initial volumes," said Justin Holland Chief Operating Officer of Sustainable Energy. The inverters are the critical enabler of the high performance Sonnenbatterie "Comfort" line of grid parallel energy storage systems, launched this week at Inter-solar in Munich Germany.
"This is an exceptionally quick production start for a supply contract of this magnitude, which was only signed four weeks ago. We are able to deliver in this time frame because of our flexible manufacturing model which also allows us to fill what we expect will be a very quick production ramp over the next 6 months to meet the committed volumes. Our model and the negotiated financial terms of our agreement with Prosol Invest allow us to execute with minimal additional working capital required."
Sustainable Energy designs and manufactures power electronics for distributed smart grid and micro-grid applications.
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