Day4 Energy Concludes Module Manufacturing Agreement With PV Products of Styria, Austria

News provided by

Day4 Energy Inc.

11 Aug, 2011, 12:30 BST

BURNABY, British Columbia, August 11, 2011 /PRNewswire/ --

Day4 Energy Inc., a leading global provider of solar photovoltaic (PV) products and solutions, has signed an agreement to provide PV Products (PVP), a premium solar module manufacturer based in Styria, Austria with the equipment and technology to upgrade their 30MW production facility for the manufacture of solar modules featuring Day4 DNA Technologies.

The technology upgrade of PVP's automated 30MW production facility to Day4 technology is scheduled to begin immediately, with production anticipated to start in early September 2011. Solar modules produced by PVP will utilize the Day4 DNA PV cell - a unique design that forms part of Day4 DNA technology.

Using proprietary equipment and technology from Day4 Energy, PVP will transition its existing line to manufacture premium performance Day4 DNA solar modules with minimum capital investment. The modules will feature Day4 DNA PV cells which do not require soldering, and based upon tests conducted by Day4 Energy, virtually eliminates PV cell energy losses after module lamination. They also enable the manufacturing of solar modules based on work-smart technology which significantly reduces the effects of shading on module performance.

"Solar modules equipped with Day4 DNA technology have earned bankability and demonstrated strong market acceptance across Europe" noted Mr. Karl Kürbisch, co-CEO of PVP. "With Day4 technology, and our existing manufacturing, marketing and sales infrastructure, we are confident we will meet the growing market demand for these unique modules in southern Germany, Italy, eastern EU markets, as well as our home market of Austria" concluded Mr. Stefan Thürschweller, co-CEO of PVP with responsibility for all production.

The Day4 DNA brand encompasses three proprietary technologies that result in superior performance over standard modules: stay-powerful Technology interconnects solar electric cells in a unique way resulting in superior energy collection even in low light conditions; work-smart Technology ensures solar panels collect electricity when partially shaded by nearby trees, buildings or debris, generating more electricity in daily operations and over the life-time of the product; and live-long Technology enables superior performance in harsh climates due to a watertight back-sheet with an aluminum layer that protects against challenging weather conditions, moisture, salt-mist and harmful gasses from greenhouses and farms that can affect the amount of energy delivered by a solar PV panel. 

"We are pleased to welcome PVP to the growing family of solar module manufacturers utilizing Day4 Energy's advanced photovoltaic technologies," says George Rubin, President of Day4 Energy Inc. "With PVP's impressive quality management system and automated production line that can be quickly and easily expanded, we are confident that they will play an important role in the continued growth of solar modules featuring Day4 DNA."

For more information on Day4 Energy and to view detailed animations on each technology, please visit http://www.day4energy.com or join the conversation by following Day4 Energy on social media applications such as Twitter, Facebook, LinkedIn and YouTube.

About Day4 Energy
Headquartered in Vancouver, Canada, Day4 Energy is a leading global provider of solar photovoltaic products and solutions.  Active in the areas of research & design, manufacturing, technology licensing and all aspects of project management, Day4 Energy is enabling the growth of solar energy throughout the world. Day4 is listed on the Toronto Stock Exchange under the symbol "DFE". For more information, please visit http://www.day4energy.com.

About PV Products
PV Products GmbH is the first company in Styria, Austria to manufactures mono- and polycrystalline photovoltaic modules, as well as special glass modules.
With a network of solar specialists, PV Products is successfully developing photovoltaic modules of the highest quality. The most important components for generating electricity from solar energy are high power modules with high energy yields and quality standards. Their unique production line within Europe guarantees productive and ecological ways of generating electricity at high standards. Due to automation it is possible to constantly maintain process stability. For more information on PV Products, please visit http://www.pvp.co.at

Forward Looking Statements
This news release contains forward-looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

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For further information:

Investor Relations Contact
Therese Hayes
Head, Corporate Development
Day4 Energy Inc.
+1(604)345-6771
thayes@day4energy.com

Media and Public Relations Contact
Agnieszka Pozniak
Marketing Manager
Day4 Energy Inc.
+1(604)296-0415
apozniak@day4energy.com

SOURCE Day4 Energy Inc.