Doughty Hanson Purchases 50,000 Preferred Shares of Sustainable Energy
27 10월 2011 - 6:42AM
Marketwired
Sustainable Energy Technology Ltd. (TSX VENTURE:STG) ("Sustainable
Energy") announced today that Doughty Hanson purchased 50,000 First
Preferred Shares under the previously announced Equity Commitment
Agreement for a total consideration of $500,000.
About Doughty Hanson: Doughty Hanson (www.doughtyhanson.com) is
one of Europe's most successful independent private equity firms.
Since 1985, Doughty Hanson has undertaken more than 118 investments
with an aggregate acquisition value in excess of EUR28 billion.
Doughty Hanson employs over 50 investment professionals of 15
nationalities, located in offices in London, San Francisco,
Frankfurt, Madrid, Milan, Munich, Paris and Stockholm.
About Sustainable Energy:
Sustainable Energy (www.SustainableEnergy.com) is a Canadian
solar inverter company which supplies Canada, the U.S. and Europe.
The Company's patented inverter technologies are a breakthrough in
power inverter design and capabilities for all forms of distributed
generation and smart grid applications. The PARALEX inverter is the
industry's only grid-interactive solar inverter which enables a
"parallel" solar PV system architecture in higher power ratings at
a cost and serviceability factor that is comparable to conventional
string inverters in the market.
The benefits of "parallel solar" are: (i) 5% - 25% higher total
system power output; (ii) better coverage of available space; (iii)
a simplified system design and installation; and (iv) the safety of
extra low operating voltages which ensures the safety of building
maintenance personnel, first responders, and tradesmen who may
accidentally come into contact with system wiring. Sustainable
Energy's technologies are the subject of multiple patents issued by
and pending with the US 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, we include: statements concerning the
impact of our technology on solar PV system performance; and
statements concerning demand for products; 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.
Contacts: Sustainable Energy Technology Ltd. Michael Carten
Chief Executive Officer
+1.403.630.9544Michael.Carten@SustainableEnergy.comwww.SustainableEnergy.com
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