Bosch Solar Energy AG Partners with Sustainable Energy to Enter Canadian Market

Highlights



-   Sustainable Energy teams with Bosch Solar Energy to bring Bosch-PARALEX
    combination to Canadian market 
-   Premium product solution for Ontario rooftop solar PV increases
    investment returns with higher power outputs per rated watt 
-   Bosch-PARALEX meets Ontario domestic content thresholds for 2010 and
    2011 
-   Targeting 10 - 15 MW Bosch-PARALEX installs for 2010 and 50 - 75 MW for
    2011 
-   An integrated solution installed and maintained by mainstream building
    trades 



Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or
the "Company") and Bosch Solar Energy AG ("Bosch Solar Energy") announced today
that they have agreed to jointly market Bosch thin film PV modules in
combination with the Sustainable Energy's SUNERGY inverter for the Ontario
market.


Under a memorandum of understanding, Bosch Solar Energy will be the preferred
supplier of high efficiency micro-morph thin film PV modules for PARALEX(TM)
systems distributed by Sustainable Energy in the Province of Ontario.
PARALEX(TM) is an integrated solar PV product solution for rooftop and ground
based solar PV systems consisting of yield-optimized solar PV panels, inverters,
wiring and other DC electrical components. 


We are very excited about this partnership with Sustainable Energy, because it
enables Bosch Solar Energy to introduce its expertise in the thin-film
technology to the growing Canadian market for the first time. Thanks to new
funding structures in many places, the Canadian solar market offers great
potential in the next years. With this well-matched combination of Bosch solar
modules and photovoltaic components from Sustainable Energy we can offer a
competitive system in the future that, above all, allows us to begin to
appropriately serve this appealing solar market in Ontario, said Peter
Schneidewind, Executive Vice President of Bosch Solar Energy AG. 


The Bosch-PARALEX combination is a premium solar PV product which levers the
value of Bosch Solar Energy's micro-morph technology and Sustainable Energy's
parallel system architecture to increase the number of kilowatt hours for each
kilowatt of rated capacity. Unlike other systems which require expensive custom
system design, the PARALEX solution is an integrated package which can be
installed safely and inexpensively by mainstream building trades reducing total
system cost by a substantial discount to current market pricing.


Under the memorandum of understanding, the Bosch Solar Energy and Sustainable
Energy are committed to developing a roadmap to build modules and inverters in
the Province which will meet 2010 and 2011 domestic content thresholds of the
Ontario feed in tariff program. Targeted installations are between 10 and 15 MW
for 2010 and between 50 and 75 MW for 2011. 


Bosch Solar Energy is the ideal partner with which to roll out this strategy in
Ontario, added Robert H Bucher, President & CEO of Sustainable Energy. One of
the leading electronics companies in the world, the Bosch reputation for quality
brings immediately credibility and bankability to the Ontario solar PV market.
Its thin film technology is a near perfect fit for the Ontario market delivering
more power than conventional crystalline modules in diffuse and indirect
lighting and during hot summer months. 


About Bosch Solar Energy: 

Bosch Solar Energy AG, subsidiary of Robert Bosch GmbH, Stuttgart, Germany, is a
leading provider of resource-saving photovoltaic products. Bosch Solar Energy
offers its customers high-efficiency, silicon-based crystalline and thin-film
products. Currently, Bosch Solar Energy AG and its subsidiaries employ more than
1,400 workers. 


For more information please visit www.bosch-solarenergy.com.

About Sustainable Energy: Sustainable Energy www.sustainableenergy.com designs,
manufactures and distributes power inverters for grid-connected solar PV
systems. Advanced power inverters are a critical enabler of all modern solar PV
power systems converting the direct current ("DC") power output 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.


In rooftop applications, the extra low 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.


In ground based applications, multiple SUNERGY inverters offer higher system
yield, less downtime and easier installation and maintenance, than larger
"central" inverters. For these reasons, multiple smaller inverters like SUNERGY
are increasingly displacing central inverters in European ground based
applications - where system performance rather than name plate capacity is the
driver. 


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


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, it includes:
statements concerning the impact of our technology on solar PV system
performance; statements concerning the potential for sales in the Ontario market
which are dependent on a number of factors including the rate at which the
market grows and the administration of the Ontario Feed in Tariff Program;
statements concerning the ability of the PARALEX architecture to reduce
installation costs below market which depends in part on the ability to source
other components and managements assumptions on current market costs of
installation; and statements that the PARALEX products will be "bankable" which
depends inter alia on the likelihood of credit markets accepting warranty and
performance risks of the products. While management believes these statements to
be accurate they are dependent on a wide range of factors beyond management's
control and should not be viewed as a guarantee of the specific outcome. 


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. 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.
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