MEDIA RELEASE PR38422
Day4 Energy Signs Distribution Partnership with Regency Solar for Australian Market
BURNABY, Feb. 22 /CNW-AsiaNet/ --
Day4 Energy Inc. (TSX: DFE), a leading supplier of high performance, cost-effective
solar electric solutions, today announced that it has signed a distribution agreement
with Regency Solar, a division of Regency Media, based in Melbourne, Australia. This
agreement will cover the Australian, New Zealand and Oceania markets. The first shipment
of Day4 Energy's high performance 48MC modules to Regency Solar was completed
immediately upon the signing of the agreement. The agreement is the first for Day4
Energy in this regional market.
Regency Solar enters the Australian and New Zealand solar market with
proven marketing and distribution capabilities developed over many years of
experience in the consumer electronics and media business. Regency will focus
on providing their customers with solar energy solutions based exclusively
around Day4 Energy solar module technology. "The Australian market is
expanding rapidly and customers - retail and commercial - are becoming
increasingly focused on high quality, high yield products," says Darren
Johannesen, managing director of Regency Solar.
Day4 Energy has observed new solar energy markets emerging in the last 12
months, despite the challenging economic conditions. These global markets are
in the early stages of development but are poised for strong growth as solar
approaches cost parity with conventional energy sources. "Australia in
particular is an attractive market for solar because of the ideal climatic
conditions, solid government support and most importantly a rapidly growing
customer base that is looking for green energy solutions," comments George
Rubin, president of Day4 Energy. "We chose the best and most capable partner
in Regency Solar for our entry into the diverse Australian and New Zealand
markets," says Rubin.
Day4 Energy's aim is to gain market share in Australia and New Zealand
and ultimately become the leading photovoltaic module supplier in this market.
The relationship with Regency Solar is in alignment with the overall corporate
objectives to develop strong marketing and distribution presence in key
geographic markets throughout the world. Day4 Energy is currently exploring
distribution and manufacturing opportunities for solar power in other emerging
global markets.
About Day4 Energy:
Day4 Energy Inc. is a Canadian company dedicated to providing high
performance photovoltaic (PV) solutions for residential, commercial and
utility scale installations. By fundamentally improving on the design and
assembly of solar cells and modules, the Company produces unique PV panels of
high power density, increased lifetime and uncompromised aesthetic appearance.
Day4 Energy partners with international technology leaders to develop and
deliver IEC- and UL-certified solar products to customers around the world.
Day4 Energy is listed on the Toronto Stock Exchange under the symbol "DFE".
About Regency Solar:
Regency Solar is an Australian Company based in Melbourne. Focused on
highest quality solar solutions directly to its customers through a variety of
direct channels, Regency Solar was founded in 2008. A subsidiary of Regency
Media, Australia's largest independent Entertainment Media manufacturing and
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.
SOURCE: Day4 Energy Inc.
CONTACT: Therese Hayes
Head, Corporate Development
Day4 Energy Inc.
+1 (604) 296-0434
thayes(at)day4energy.com
Agnieszka Pozniak
Media Contact
Day4 Energy Inc.
+1 (604) 296-0415
media(at)day4energy.com
Darren Johannesen
Director
Regency Solar Pty Ltd
+1 (613) 9587-1189
djohannesen(at)regencysolar.com.au
(DFE.)
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