BURNABY, British Columbia, November 24, 2010 /PRNewswire/ -- Day4 Energy Inc. (TSX: DFE), a leading global provider of solar photovoltaic (PV) products and solutions, announces an agreement with Neo Solar Power Corporation ("NSP") of Hsinchu, Taiwan, one of the leading PV cell producers in the world, to provide Day4 Energy ("Day4") with its high performance PV solar cells through 2011.
"We are delighted to align ourselves with Day4 and provide our cells to one of the most innovative solar technology providers on the market." states Dr. Sam Hong President and COO of NSP. "Their advanced technology and manufacturing processes clearly demonstrate the potential of the Day4 brand in establishing a new standard for performance and quality in module manufacturing. This agreement shows international clients' confidence in NSP products. NSP will continue to improve product quality and efficiency to provide better and more advanced solutions to our customers" concluded Dr. Hong.
To further deepen its PV cell supply, Day4 began working with NSP in early 2010. After several months of co-operation, both organizations determined it would be mutually beneficial to establish an official arrangement to cover the upcoming year.
"The confirmed co-operation from NSP strengthens Day4's cell supply through 2011 ensuring both Day4 Energy, as well as our Day4 solarSYSTEMS manufacturing franchise partners, have everything required to be successful" says George Rubin, President of Day4 Energy. "We look forward to expanding on the foundation of successful cooperation we have put in place during the past year with NSP" concluded Mr. Rubin.
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 Day4 solarSYSTEMS
An industry first, Day4 solarSYSTEMS is a program that enables businesses to manufacture, distribute and sell certified DAY4 branded solarMODULES in their local region. It's a revolutionary approach - a turnkey manufacturing package that allows participants to swiftly establish a production facility and generate revenue growth. Launched in early 2010, Day4 solarSYSTEMS is a turnkey manufacturing program to expand the supply and market penetration of Day4 branded solar modules and increase the worldwide adoption of solar. To learn more, please visit http://www.day4solarsystems.com
About Neo Solar Power Corporation
Neo Solar Power Corporation is a leading manufacturer in producing high performance and high quality PV cells in Hsinchu, Taiwan. Founded in 2005, NSP is continuously optimizing its production processes and exercising strict quality control in semiconductor and solar products in order to make its products more competitive with high efficiency and low power loss. NSP plans to ramp up its annual capacity to 800MW at the end of 2010 and over 1.2GW in 2011. By strengthening its core competences in quality, technology ,customer service, and actively cooperates with upstream and downstream partners, NSP aims to become a leader in the global photovoltaic industry and make solar energy a competitive energy source. For more information about NSP, please visit the company's website at http://www.neosolarpower.com.
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 Justin K Lacey Director, Marketing Day4 Energy Inc. +1-604-296-0449 jlacey@day4energy.com
Day4 Energy Inc.
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, Justin K Lacey, Director, Marketing, Day4 Energy Inc., +1-604-296-0449, jlacey@day4energy.com
