STG Stone Gold Inc

Sustainable Energy Technology Ltd. (TSX VENTURE:STG) ("Sustainable Energy" or
"the Company"), a designer and manufacturer of advanced power electronics for
grid-connected and off-grid on-site electrical generation and storage systems,
provides shareholder update and files its Consolidated Financial Statements for
the Nine Months ending June 30, 2012 along with Management's Discussion and
Analysis. 


Michael Carten, Chief Executive Officer of Sustainable Energy, stated, "During
2012 we have continued to focus resources on building strategic global
relationships with leaders in the solar industry by leveraging our core
technology advantages to drive higher longer term volumes. Our partnership with
tenKsolar, which enables the high performance RAISWave system, is already
bringing positive results. We are building similar relationships in other high
growth generation and storage verticals with the ultimate goal of positioning
ourselves as a technology driven high growth company in the clean energy
sector." 


Operational Updates:

Sustainable Energy is executing a strategy that targets technology driven global
partnerships which enable diversification into high growth generation and
storage verticals which can be served with the same power inverter platform. The
Company is moving towards an original equipment manufacturing ("OEM") model
where Sustainable Energy suppliers the PARALEX inverter or the core electronics
circuits as part of an integrated product solution distributed by its customer. 


The Company's high efficiency low voltage PARALEX inverter is a key component
and critical enabler of the tenKsolar RAISWave system which is being marketed
globally by tenKsolar and Korean Hanwha one of the world's largest solar power
companies under a recently announced strategic partnership between the two
companies. During Q3, tenKsolar contracted the Company to certify its PARALEX
inverter for the Japanese market, which is expected to see 3 GW to 5GW in demand
in 2013, putting it ahead of Germany and second only to China in new
installations.


In energy short European markets, and in Japan, on-site energy storage is
emerging as a major market for the high efficiency low voltage PARALEX platform
to manage new low voltage battery technologies being developed for this sector.
The Company is exploring partnerships with leading system integrators which
would integrate the PARALEX platform into their energy management systems under
development. Market feedback is that the Sustainable Energy's technology is
unique and offers efficiency gains of 5% - 12% over conventional power
electronics as well as cost and design simplicity gains. 


Sustainable Energy is targeting an OEM strategy with these integrators for
residential and small commercial systems in Germany, Japan and California.
Industry analysts are forecasting approximately 8.2 Gigawatts of demand in the
segment targeted by Sustainable Energy over the next 4 years. Assuming a
$0.30/watt average selling price over this period this represents a $2.46B
addressable market for the PARALEX inverter platform.


The PARALEX enabled parallel design and the low tech serviceability of the
PARALEX inverter also combine to enable a unique solar PV product offering for
rural and remote markets which can be factory assembled shipped and installed
without specialized engineering or installation. Sustainable Energy's ProFab
Solar has just begun shipping factory assembled systems for rural and
agricultural ground mount projects in Ontario. Effective July 12, 2012, the
Ontario Power Authority announced that it would begin issuing feed in tariff
contracts totaling 50MW for solar power systems below 10kW. ProFab Solar is also
seeing demand for the factory assembled system in other markets, and by year
end, the Company expects to add energy storage for back-up power for rural
markets and base load power for remote industrial applications


Financial Highlights:

Revenues for the nine months ended June 30, 2012 totaled $2,414,628 compared to
$2,866,460 for the nine months in 2011, a decrease of 16%. Reduced revenues in
the Quarter were attributable to finished product shipping delays from our
contract manufacturer in Guelph. Delayed deliveries have been shipped and
deferred revenues will be recognized in the current Quarter. The Company
continues to cut operating costs and improve cash utilization without impacting
operational integrity. Operating costs are now 58% of the previous year's levels
and cash used in operations year-to-date is 82% less than the similar year ago
period.


The Consolidated Financial Statements and the Management Discussion and Analysis
thereof are available on SEDAR at www.sedar.com and on the Company's website at
www.sustainableenergy.com. 


About Sustainable Energy: 

Sustainable Energy (www.SustainableEnergy.com) designs and manufactures
intelligent power inverters for a wide range of distributed generation and
storage technologies. The inverters incorporate patented breakthrough
technologies which enable the highest efficiency conversion of low voltage
direct current inputs in the industry. 


A single standard low cost electronics platform supports the solar industry's
only industry standard inverter enabling the higher yields and installation
flexibility, the solar industry's only industry standard inverter enabling the
safety of extra low operating voltages and the industry's highest bi-directional
power conversion efficiencies for grid tied energy storage and fuel cells.


Approximately 20MW of 1st and 2nd generation PARALEX inverters 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, it includes:
statements concerning the impact of Sustainables' technology on solar PV system
performance; on energy stoate system performance; on its role as an enabler of
pre-assembled solar PV systems; statements concerning market outlooks; and
statements concerning the potential for sales revenues. 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 Companies' 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 Companies do 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)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024

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