FOR IMMEDIATE RELEASE:
IRVINE, CA, USA, - Solar Monkey™ and Portuguese company, WS Energia®, today announced an agreement to establish a new generation of high precision, reliable and affordable solar tracking systems in North America based on WS Energia's patented award winning tracker design. According to both companies these products increase output efficiencies, reliability, and lower the costs of solar energy tracking systems over those currently available.
The cost of incorporating sun tracking technology into solar energy systems has been high compared to fixed-tilt ground mounted systems. Solar energy generation can be improved by as much as 35% through the use of tracking systems. Now that these highly reliable solutions exist, tracking technology will make sense for many more applications, facilitating their broader adoption in North America.
This tracking technology won "Best National Innovation in Portugal" in 2006. In 2007 the robotics that controls WS Energia's trackers was distinguished for its effectiveness on solar energy production, ease of installation and overall configuration by the panel of the Live EDGE Electronic Design for the Global Environment challenge. The competition reviewed more than 3500 designs from 102 countries and awarded the robotics controlling the trackers among the five most creative electronic designs that will have a positive effect on the environment.
Solar Monkey's CEO, Matthew McCullough said, "We are very pleased to be partnering with WS Energia; a company clearly deeply committed to providing innovative solutions to today's energy challenges. These trackers will help us continue to reduce the cost of solar energy."
The agreement with Solar Monkey will allow the companies to jointly develop manufacturing and production facilities within the US using WS Energia's technology already available in the EU. WS Energia Research has developed a suite of solar tracking and concentrating technologies and has product installations currently operating throughout Europe. Gianfranco Sorasio, President of WS Energia said, "WS Energia's advanced technology, combined with Solar Monkey's sales, marketing and distribution capabilities will provide a valuable tool for consumers, businesses and utilities throughout North America to reliably increase solar energy production."
About Solar Monkey™
Solar Monkey specializes in providing grid-tied solar power solutions for commercial and industrial property owners and public entities. Solar Monkey offers customers a simplified solution to renewable energy that makes good business sense to allow customers to minimize their footprint on the environment while maximizing their operational efficiency. Information on Solar Monkey and the ways in which Solar Monkey makes it easy and intelligent to go solar is available at www.solarmonkey.net.
About WS Energia Lda
WS Energia is a solar technology company located in Lisbon, Portugal and one of the top five leading European industrial producers of optic equipment for low-level solar concentration using commercially available solar modules. The company has a hi-technology and R&D focus with PhDs, engineers, and industrial designers on staff.
In 2006 WS Energia created and patented DoubleSun®, a technology platform which is the core of its solar concentrators that are easy to make, easy to mount and extremely reliable. Today, with more than 60 installations throughout Europe, the DoubleSun® products show that solar concentrators can be reliable, efficient and easy to install.
Low-level solar optics manufacture and highly reliable trackers production are the foundation of the HSUN Project, the PV technology that in 2010 will allow WS Energia to ship photovoltaic generators able to produce clean electricity at prices competitive with final clients' electricity cost.
About the sun trackers
WS Energia developed a patented self-powered solar tracker for orienting a set of solar photovoltaic panels assuring its precise alignment towards the sun. Based on local geo-positioning and internal measure of time and inclination it drives the installation to the desired orientation. Due to its high precision this tracker is currently in the DoubleSun® tracking structure with concentration reflectors which has been producing up to 60% more power and up to 117% more energy than traditional fixed point panel system in the same conditions.
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Solar Monkey's results to differ materially from expectations. These include risks relating to market fluctuations, investor performance and other risks. These forward-looking statements speak only as of the date hereof. Solar Monkey disclaims any intent or obligation to update these forward-looking statements.
CONTACT:
Doug Faust
Solar Monkey
949-748-5996 x150 phone
doug@monkeyis.com
www.solarmonkey.net
Solar Monkey™ and WS Energia® Announce US Manufacturing Agreement on Solar Tracking Systems
New Generation of Award-Winning Tracking Technologies
Comes to the North American Solar Market.
Comes to the North American Solar Market.
IRVINE, CA, USA, - Solar Monkey™ and Portuguese company, WS Energia®, today announced an agreement to establish a new generation of high precision, reliable and affordable solar tracking systems in North America based on WS Energia's patented award winning tracker design. According to both companies these products increase output efficiencies, reliability, and lower the costs of solar energy tracking systems over those currently available.
The cost of incorporating sun tracking technology into solar energy systems has been high compared to fixed-tilt ground mounted systems. Solar energy generation can be improved by as much as 35% through the use of tracking systems. Now that these highly reliable solutions exist, tracking technology will make sense for many more applications, facilitating their broader adoption in North America.
This tracking technology won "Best National Innovation in Portugal" in 2006. In 2007 the robotics that controls WS Energia's trackers was distinguished for its effectiveness on solar energy production, ease of installation and overall configuration by the panel of the Live EDGE Electronic Design for the Global Environment challenge. The competition reviewed more than 3500 designs from 102 countries and awarded the robotics controlling the trackers among the five most creative electronic designs that will have a positive effect on the environment.
Solar Monkey's CEO, Matthew McCullough said, "We are very pleased to be partnering with WS Energia; a company clearly deeply committed to providing innovative solutions to today's energy challenges. These trackers will help us continue to reduce the cost of solar energy."
The agreement with Solar Monkey will allow the companies to jointly develop manufacturing and production facilities within the US using WS Energia's technology already available in the EU. WS Energia Research has developed a suite of solar tracking and concentrating technologies and has product installations currently operating throughout Europe. Gianfranco Sorasio, President of WS Energia said, "WS Energia's advanced technology, combined with Solar Monkey's sales, marketing and distribution capabilities will provide a valuable tool for consumers, businesses and utilities throughout North America to reliably increase solar energy production."
About Solar Monkey™
Solar Monkey specializes in providing grid-tied solar power solutions for commercial and industrial property owners and public entities. Solar Monkey offers customers a simplified solution to renewable energy that makes good business sense to allow customers to minimize their footprint on the environment while maximizing their operational efficiency. Information on Solar Monkey and the ways in which Solar Monkey makes it easy and intelligent to go solar is available at www.solarmonkey.net.
About WS Energia Lda
WS Energia is a solar technology company located in Lisbon, Portugal and one of the top five leading European industrial producers of optic equipment for low-level solar concentration using commercially available solar modules. The company has a hi-technology and R&D focus with PhDs, engineers, and industrial designers on staff.
In 2006 WS Energia created and patented DoubleSun®, a technology platform which is the core of its solar concentrators that are easy to make, easy to mount and extremely reliable. Today, with more than 60 installations throughout Europe, the DoubleSun® products show that solar concentrators can be reliable, efficient and easy to install.
Low-level solar optics manufacture and highly reliable trackers production are the foundation of the HSUN Project, the PV technology that in 2010 will allow WS Energia to ship photovoltaic generators able to produce clean electricity at prices competitive with final clients' electricity cost.
About the sun trackers
WS Energia developed a patented self-powered solar tracker for orienting a set of solar photovoltaic panels assuring its precise alignment towards the sun. Based on local geo-positioning and internal measure of time and inclination it drives the installation to the desired orientation. Due to its high precision this tracker is currently in the DoubleSun® tracking structure with concentration reflectors which has been producing up to 60% more power and up to 117% more energy than traditional fixed point panel system in the same conditions.
This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Solar Monkey's results to differ materially from expectations. These include risks relating to market fluctuations, investor performance and other risks. These forward-looking statements speak only as of the date hereof. Solar Monkey disclaims any intent or obligation to update these forward-looking statements.
CONTACT:
Doug Faust
Solar Monkey
949-748-5996 x150 phone
doug@monkeyis.com
www.solarmonkey.net
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