Sustainable Energy Technology Ltd: Shipments to Europe
Toronto, ONTARIO - Sustainable Energy Technology Ltd. is pleased to announce that it has shipped another 190 units to tenKsolar for rooftop systems in Europe. To date, the Company has delivered 797 units to tenKsolar and its distributors out of a total 4,600 units to be delivered under a previously announced supply contract.
"We are very excited that tenKsolar is gaining traction in several key European markets," said Michael Carten CEO of Sustainable Energy. "Their patented RAIS® Wave system enables one of the lowest costs per kilowatt hour of any product in the market. According to Joel Cannon, tenKsolar's CEO, the company is targeting a stunning $0.08 per kWh in sunny markets.
Sustainable Energy's inverter technology is a key enabler of the cost advantages of the RAIS® Wave system. The two companies are working closely to optimize Sustainable Energy's lower cost 3rd generation inverter platform for the system.
Headquartered in Minneapolis, Minnesota, tenKsolar (www.tenKsolar.com) designs, manufactures and markets unique photovoltaic systems which provide the highest kilowatt hour production per unit area at the lowest cost per kilowatt hour in the industry. tenKsolar's turn-key solar solution provides a fully integrated self-ballasted roof-top system which cuts installation time by as much as 40% per equivalent watt and has been engineered to handle winds in excess of 140 km/h.
Sustainable Energy Technology Ltd.
Suite 500, Campana Place
609-14th St NW
Calgary, AB T2N 2A1
24 Duncan Street, Suite 200
Toronto, ON M5V 2B8