EANS-News: Sunways to supply inverters for the Australian photovoltaic market (with photo)
24.05.2012 – 07:32
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Marketing/Company Information Subtitle: - Partnership with Solar Energy Australia - High-performance Sunways solar inverters in all device classes Konstanz (euro adhoc) - Konstanz/Germany, 24 May 2012 - Sunways AG (SWW:GR, SWWG.DE, ISIN DE0007332207) has formed a partnership with Solar Energy Australia (SEA). SEA is now the exclusive distributor of Sunways solar inverters in Australia and, within the scope of this partnership, will also provide the customer service for these devices. This move means that photovoltaic specialist Sunways, a leading solar technology company based in Konstanz, is actively present with its products on the Australian market for the first time. Australia is an international emerging market for photovoltaics with long-term growth potential. Comprising the AT, NT and PT device series, the agreement with Solar Energy Australia covers the entire Sunways product range for solar inverters. From smaller on-roof systems for private use through to large-scale commercial plants, Sunways has the right device for virtually any application in the form of its award-winning inverters. Patented HERIC® high-efficiency topology and three independent MPP trackers per device ensure maximum efficiency and therefore top electricity yields. An extensive range of communication options and a convenient graphical display mean that both commissioning and operation are user-friendly. The first Sunways solar inverters were certified for Australia last year and any certification still pending will be concluded in May 2012. Thanks to this new partnership, Sunways has positioned itself in an important international emerging market. Conditions for harnessing solar power in Australia are not only excellent because of the country's sunny climate all year round. The Australian photovoltaic market has experienced steady growth in recent years which, according to experts, will also continue in the future: With a projected annual growth rate of 13 to 15 percent, the country is an ideal candidate for market entry (sources: Bank Sarasin, 2011; Australian PV Association, 2011). About Solar Energy Australia (SEA) Solar Energy Australia LTD, which is based in Sydney/New South Wales, is one of the leading providers of solar power inverters in Australia. The wholesale photovoltaic specialist was founded in the mid-1990s and has since become part of the electrical group M Rutty & Co. LTD. In addition to inverters, Solar Energy Australia also sells solar modules and complete PV systems. This press release and photographs are also available on http://www.sunways.eu/en as well as at http://www.presseportal.de/pm/57666/sunways_ag. Forward-looking statements This press release contains statements relating to the future business development of Sunways AG that are based on management assumptions and estimates made at the time of publication. Should the assumptions underlying the prognoses fail to be fulfilled, actual events may vary substantially from forward-looking statements. Uncertainties include changes in the political, legal, economic and business environment, exchange and interest rate fluctuations as well as the behaviour of competitors and other market participants. Sunways does not intend and is not under any obligation to update forward-looking statements on an ongoing basis as these are exclusively based on the circumstances prevailing as of the date of publication. About Sunways Sunways AG, Konstanz/Germany, stands for consistent use of solar energy to secure long-term energy supply of man in an efficient and sustainable manner. Sunways offers technological competence, performance and highest quality - from single components to complete solar systems. Since its foundation in 1993, Sunways AG evolved into a technology leader in the photovoltaics industry serving international markets. With silicon-based solar cells, inverters, solar modules and solar systems, the company offers all components required for high-yield photovoltaic power generation. With photovoltaic solutions tailored to customers' needs (transparent and coloured solar cells, building- integrated photovoltaic installations), Sunways turns exceptional ideas into reality. Sunways Production GmbH in Arnstadt/Germany is a subsidiary of Sunways AG; in addition, the group has own branch offices in Barcelone/Spain and Bologna/Italy. In 2011, Sunways AG with about 330 employees realised sales of around EUR 115 million. The shares of Sunways AG are listed at the Frankfurt Stock Exchange (SWW:GR, SWWG.DE, ISIN DE0007332207). For further information, please visit http://www.sunways.eu/en. Pictures with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/us/kIsH8ZoS Further inquiry note: Dr. Harald F. Schäfer Head of Corporate Communications and Investor Relations Tel.: +49 (0)7531 996 77-415 E-Mail: communications@sunways.de end of announcement euro adhoc -------------------------------------------------------------------------------- Pictures with Announcement: ---------------------------------------------- http://resources.euroadhoc.com/us/kIsH8ZoS company: Sunways AG Macairestr. 3 - 5 D-78467 Konstanz phone: +49 (0)7531 99677 0 FAX: +49 (0)7531 99677 10 mail: info@sunways.de WWW: http://www.sunways.eu/de sector: Alternative energy ISIN: DE0007332207 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English