Sustainable Energy -STG-TSXV .44cents s2k.de 34euro cents
www.sustainableennergy.com www.paralexsolar.com/video.html Market Potential:12GW by 2012 CDN$4Billion
Feb 2010-First units to be shipped in Ontario (via subcontractor), and first units to be be shipped under private label deal with Salicru (3rd largest electronics firm in EU) under "equinox" brand 7million$ deal. Technosun, spains largest RE reseller now active, along with solear, technotrana, groupo inel,rocamera engineering, scheuten, celemin energy and active partnership with the largest spanish construction firm Copisca. Bundling inverters and panels under the PARALEX brand to the 500MW solar rooftop market in Spain.
10-40MW in que in Greece, for PARALEX system, working with A.C.E.P and Heliodyami, the 2nd largest solar company in Greece
In addition to all of the above, the company this week annouced a SIGNIFICANT/MASSIVE deal for 10MW to a company in the Euros "Tejados Industriales de Fotovoltaica, S.L.". They already sold them over 2.5million $ worth in 2009 in a deal in Czech. Tejados 'TIF" is a related company to Signet Solar, essentially, Signets installation business. Signet is run by a group in India, and are opening plants in USA and India in addition to Germany.. Signet is touted the next First Solar. This is what TIF has to say about Sustainable Energy Technology: "We are convinced that the PARALEX massively parallel system architecture using Sustainable Energy's SUNERGY inverters is by far the best solution for connection of thin film modules in the world today," said Klaus Muller, CEO of Tejados.
Developments have been announced for the Ontario market this week, via a report done by the wall street journal. The inverter plant will be up and running by this summer, at a undisclosed location in southern ontario, and is scheduled for delivery of 40MW ramping up to 120MW. The ontario market required 50% to be made locally, and their is only one other inverter company Satcon SATC, and an expected 1GW to come online in 2010, means there is a shortage of inverters in the very near future. Speculators are saying STG is already sold out in Ontario.
The company also disclosed that they are working with a thin film cell manu out of the Euro's to assemble thin film panels in Ontario. This assemble plant is expected to be up and running by the end of the summer 2010.
Sustainable is projecting some CDN$60million for 2010, and are ramping up global sales to 500MW in 2011, representing hundreds of millions in top line revenue in the fastest growning electricity market.
The company is poised to be bought out within the next 12-24 months for a high premium.
Daughty Hanson Tech Fund has invested over 10million CDN and refuses to allow its position to drop net fully diluted less then 24% of STG. Clearly Daughty is lining up a buyer for STG..
Target: $1 by June 2010, closes over $2.50 by year end 2010.
ALL In My Honest Opinion (IMHO).. Do your own due diligence..
ReduceCo2