BURNABY, British Columbia, June 14, 2011 /PRNewswire/ --
- Solar Modules Nederland Signs Agreement to Upgrade its Manufacturing Facilities and Processes to Produce Solar Modules Featuring Day4 DNA™: Stay-Powerful™, Work-Smart™ and Live-Long™ Technologies
Day4 Energy Inc., a leading global provider of solar photovoltaic (PV) products and solutions, has signed an agreement to provide Solar Modules Nederland (SMN), a leading high quality solar module provider based in Kerkrade, Netherlands with the equipment and technology to upgrade their 25MW production facility for the manufacture of solar modules featuring Day4 DNA Technologies.
The technology upgrade of SMN's 25MW production facility to Day4 technology is scheduled to begin immediately, with production anticipated to start in mid July 2011. Solar modules produced by SMN will use the Day4 DNA PV cell - a unique design that forms part of Day4 DNA technology which will be brought to market by licensed cell manufacturing partners. Day4 DNA PV cells 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 modules based on work-smart technology which significantly reduces the effects of shading on module performance.
Using proprietary equipment and technology from Day4 Energy, SMN will quickly transition into manufacturing premium performance Day4 DNA solar modules with minimum capital investment. The upgrade integrates Day4 Energy's PV cell lay-up procedure, replacing the need for soldering which is standard in most solar modules. All other necessary equipment exists in SMN's current solar module manufacturing configuration.
"With production set to begin just four weeks after initiation of the technology upgrade, SMN is well positioned to meet the growing demand of customers throughout Europe and take full advantage of the compelling product differentiation offered by Day4 DNA technology." notes Mr. Jac Hanssen, CEO of SMN.
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 committed to the success of our manufacturing partners" says George Rubin, President of Day4 Energy Inc. "In addition to equipment and technology, Day4 Energy provides training, sales and marketing support, as well as market development assistance, to ensure the continued growth of products featuring Day4 DNA."
"Armed with the Day4 DNA, SMN is able to make full use of next generation solar cell technologies - something that we believe is difficult, if not impossible, to do with conventional PV module manufacturing processes" observes Mr. Rubin.
"When you look at the technological advantages gained without the significant capital investment associated with solar cell soldering equipment, we believe SMN is positioned for growth with well differentiated, market leading products. They will build modules with better DNA - Day4 DNA" concludes Mr. Rubin.
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 Solar Modules Netherland
Solar Modules Netherlands is newly established in the field of solar module production. Its employees have experience and a proven track record in the manufacture and sale of solar modules. Operations commenced in May 2010 with an annual capacity of 25 MW.
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.
For further information:
Investor Relations Contact
Head, Corporate Development
Day4 Energy Inc.
Media and Public Relations Contact
Justin K Lacey
Day4 Energy Inc.
SOURCE Day4 Energy Inc.