STG Stone Gold Inc

Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy" or
the "Company") and Bilagot Energy ("Bilagot") jointly announced today that
Bilagot (www.bilagotenergy.com) and ProFab Solar ("ProFab")
(www.profabsolar.com) have agreed to deploy 20 ProFab systems throughout South
Western Ontario using innovative ground based and rooftop mounting solutions
developed Bilagot which will further reduce installation time and installation
costs of the ProFab system.


Under a memorandum of understanding between ProFab and Bilagot, the initial 20
installations will be installed during the third Quarter of this year subject to
usual regulatory approvals and conditional upon implementation of announced
changes to the Ontario Feed in Tariff structure.


Based in Sarnia Ontario, Bilagot has co-developed renewable energy projects in
Ontario, the Philippines, Australia, India, Poland, Hungary and Russia. The
innovative mounting structures were developed under a Bilagot sponsored L910
initiative with technical support from the University of Western Ontario
Research Park and industry partners with a view to driving costs from the
balance of system costs in North America.


"We are very excited about our partnership with Bilagot which will continue
ProFab's drive to deliver the lowest cost ground mount balance of system package
for solar PV modules manufactured in Ontario," commented Livio Filice Director
of Sales for ProFab Solar. This partnership will enable us to build on early
success with the factory assembled system by further reducing installation time
and cost and by expanding our distribution with Bilagot and their channel
partners. "We look forward to rolling out the first 20 systems and expect to
gain a significant amount of traction as Bilagot expands its distribution
channels across Ontario through 2012 and beyond."


The two companies have agreed to explore opportunities to utilize the ProFab
Solar kit in medium and large-scale FIT projects.


About ProFab Solar:

ProFab Solar is a joint venture subsidiary of Sustainable Energy with Steeltree
Structures which supplies the racking and assembles systems exclusively for
ProFab Solar in Ontario. The ProFab system delivers a lower cost, lower risk
solution for smaller system developers, which is more bankable, and which
delivers attractive investment returns even with the new lower feed in tariffs.


About Sustainable Energy:

Sustainable Energy (www.SustainableEnergy.com) is a Canadian power electronics
company which supplies Canada, the U.S. and Europe. The Company's patented
inverter technologies are a breakthrough in power inverter design and
functionality for all forms of distributed generation storage and smart grid
applications. Approximately 20 MW of 1st and 2nd generation products have been
installed in 7 different countries.


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; statements concerning the marketing plans for ProFab Solar;
statements concerning the value of the Bilagot mounting system; statements
concerning economic value of ProFab Solar; and statements concerning Sustainable
Energy's strategy.


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.

Stone Gold (TSXV:STG)
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부터 6월(6) 2024 으로 7월(7) 2024

Stone Gold (TSXV:STG)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024