Sustainable Energy -STG-TSXV .25cents
Market Potential:11GW-12GW by 2012 / C$3.4B - C$3.7B
Oct09:began shipment of 2nd Generation inverter "Sunergy 5" & Paralex Systems
-Delivering units under a private label deal to Salicru "equinox"- spain&portugal $6.5mil deal, multiple partners in the emerging greek market current orders for $4mil
Other partners:Solaer, A.C.E.P, Scheuten Solar, TechnoTrama
Announced plans to build inverters in emerging ONT market to meet FIT content regulations. 120MW assemble facility scheduled to deliver first units by end of FQ1 2010
Ont expected to be 1000MW market in 2010, fastest growing solar market in the world.
-Recent financing of 6.5M by DOUGHTY HANSON TECH VEN, options at 60cents
-Launched products in Madrid, Hamburg, Cali, Toronto (dec)
Foundation in place to build $100million earnings per year (2011-2012) company.
Short term stock outlook 60cents, 2$ 2010.