Day4 Energy Expands International Solar Contracts By 40% for 2009, 88% for 2010
Posted on: Wednesday, 5 March 2008, 09:00 CST
BURNABY, British Columbia, March 5 /PRNewswire-FirstCall/ -- Day4 Energy Inc. (TSX: DFE), a leading manufacturer of high performance, cost-effective solar electric modules, today announced that in response to significant market demand an additional 47 MW in solar module deliveries has been contracted for 2009 and 2010, bringing the company's annual advanced sales totals to 55 MW and 66 MW, respectively. The completion of these new contracts increases Day4 Energy's order book for the fiscal year of 2009 by more than 40 percent and 2010 by almost 90 percent. The new contracts include both expanded existing relationships and several new partners including utilities, major commercial and residential installers.
"The strong rate of market adoption of our products demonstrates both the value of our channel partner philosophy and exceptional field performance of our highly efficient products," said George Rubin, president and COO of Day4 Energy. "The fact that this sales growth comes from a varied base of channel partners in our core markets is a testament to our success in building diversified market coverage and providing added value to established relationships rather than simply generating one-time sales. These new contracts are the results of our work with dozens of new and existing customers, indicating our diverse and growing global customer and partner base."
Day4 Energy launched its high performance Day4 MC module based upon the company's proprietary Day4 Electrode technology in August 2006. Since that time, the company has successfully maintained strong and increasing solar module sales, consistently securing lasting customer relationships ahead of schedule. Following the successful completion of its initial public offering in December 2007, the company is executing on aggressive growth plans to meet customer demand by expanding available product quantities nearly eight fold by the end of 2008.
About Day4 Energy:
Headquartered near Vancouver, British Columbia, Day4 Energy Inc. designs, manufactures and sells photovoltaic (PV) modules based on its patented Day4 Electrode technology, a proprietary method of contacting and interconnecting solar cells. The Day4 Electrode produces PV panels of high power density, increased lifetime and uncompromised aesthetic appearance. The advanced solar module construction method increases the performance of conventional silicon panels and enables the next-generation of PV innovation. Day4 partners with the industry's leading PV cell producers to deliver IEC and UL certified commercial and residential solar products to customers throughout Europe and North America. For more information, visit: http://www.day4energy.com/
Day4 Energy Inc.
CONTACT: Rosalind Jackson of Antenna Group, +1-415-977-1923,rosalind@antennagroup.com, for Day4 Energy Inc.
Web site: http://www.day4energy.com/
Source: PRNewswire-FirstCall
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