Day4 Energy Further Increases 2008 Sales with European, North American Contracts
Solar Module Manufacturer Executing on Planned Expansion to Meet Customer Demand
Burnaby, BC – March 27, 2008
Source: Day4Energy In. press release
http://www.day4energy.com/press-increased-sales-day4energy-2008.htm
Day4 Energy, Inc (TSX: DFE), a leading manufacturer of high performance, cost-effective solar electric modules, today announced that the company has increased contracted sales for 2008 to nearly 32 MW. This increase is due to signing of 2.9MW of additional sales contracts since completion of the IPO in December 2007. The increase is a direct result of growing demand for the company’s advanced Day4 MC solar modules and includes contracts with customers and partners in the residential, commercial and utility markets in Europe and North America.
“Our objective is to build sales channels that create long term value for Day4 Energy and our international channel partners. In today’s dynamic solar energy market, it can be tempting to take advantage of every opportunity that comes in the door. However, patience and laser focus on long-term objectives are critical components of enduring success,” said George Rubin, president and COO of Day4 Energy.
The highly efficient Day4 48 MC solar module is based on the company’s proprietary Day4 Electrode technology, an innovative approach to module construction that directly replaces the decades-old soldering connection methods to improve module efficiency, decrease costs and enable continued innovation in solar technology development. In order to meet rising demand for the company’s high performance solar products, Day4 Energy is currently executing on plans to expand its annual production capacity from 12 MW to 40 MW by the end of Q2 2008 as well as further expansion to 90 MW by the end of Q4 2008.
Continued Rubin, “We have a solid expansion plan in place and an entire team – from sales and marketing, to R&D, to production and finance – that is singularly committed to meeting those objectives. With all of the new challenges and opportunities involved through our first quarter of being a public company, I am particularly proud that execution of our stated plans has continued to be timely and flawless.”