CALGARY, ALBERTA--(Marketwired - July 23, 2013) - Sustainable Energy Technologies (News - Market indicators), ("Sustainable Energy" or the "Company"), announced today that it will introduce its breakthrough "bi-direx" energy storage inverter at the Renewable Energy 2013 Exhibition in Tokyo Japan (booth R02-018) http://www.renewableenergy.jp/english/index.html), July 24 - 26, 2013.
Bi-direx is a bi-directional smart grid inverter designed specifically to connect low voltage battery and fuel cell systems to the power grid with very high conversion efficiencies. Sustainable Energy's business model is to partner strategically in high growth markets to create high value added energy storage solutions for smart grid and micro-grids by delivering a software configurable platform that allows maximum control over inverter functionality to simplify system design, reduce cost and maximize speed to market.
In Europe, the bi-direx inverter is powering the market leading Sonnebatterie by Prosol Invest Deutschland GmbH, which was recently introduced to the North American market at Intersolar North America in San Francisco July 9 - 11 2013. For a presentation on the bi-direx powered Sonnebatterie See: www.eguanatech.com/images/pdf/Energy-Storage_Solarbattery.pdf
"We are excited with the very positive industry feedback on the bi-direx platform at Intersolar North America," said Michael Carten CEO of Sustainable Energy. "We are on plan in Europe with a very strong partnership, and the Intersolar outcomes look to put us ahead of plan for North America."
About Sustainable Energy
Based in Calgary Alberta Canada, Sustainable Energy (www.SustainableEnergy.com) designs and manufactures advanced power electronics for distributed smart grid and micro-grid applications. Advanced power electronics are a critical interface between all distributed generation and storage systems devices, ensuring the delivery of high quality alternating current (AC) to the power grid as well as providing utility control over the interconnection and power quality.
Sustainable Energy's platform is based on patented breakthroughs in power inverter design that enable its platform to convert high current/low voltage DC into high quality AC with conversion efficiencies that are materially higher than anything in the market with an inherently lower cost structure.
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 feature of our bi-direx inverter and statements concerning the market position of the Sonnenbatterie energy management system.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
