Wednesday, March 19, 2008

ET Solar Group Announces a 3MW Dual-Axis Tracker and Module Sales

NANJING, China, March 19 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a Nanjing-based integrated manufacturer of photovoltaic products including ingot, wafer, module, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China, announced today a 3MW dual-axis tracking system and module sales contract for a new solar farm project in Oregon, the United States.

Under the contract, ET Solar will ship a total of 273 dual-axis trackers in the first half of 2008 with the first shipment expected to be effected in April. Each tracker has a peak output of 11 kilowatts and can produce, depending on geography, a range of 20,000 to 28,000 kilowatt hours a year. Annual power output of ET Solar dual-axis trackers is up to 40% higher than a fixed array. All dual-axis trackers are jointly developed between Meca Solar and ET Solar and will be operating on the high efficiency solar modules manufactured by ET Solar. ET Solar trackers are able to be fully integrated with the modules manufactured by other solar companies as well.

Commenting on the news, Xinghua Wang, chairman of ET Solar said, "The 3MW tracker transaction is the first sizeable tracking system sales that a China based integrated solar company ever made into world's major solar markets. This is truly a milestone event for the entire Chinese solar industry and demonstrates ET Solar's determination and leadership in downstream system integration product development and commercialization."

Dennis She, Chief Sales Officer of ET Solar, further commented,"The fact that our customer is purchasing both state-of-the-art tracking systems and modules from ET Solar is a show case of total customer satisfaction which we are now achieving and reflects our broad product portfolio that we are able to offer to our downstream system integration customers. Being a supplier of both tracker and module products, ET Solar is well positioned to be a substantial contributor to the exponential growth of the large solar farm market segment of the PV industry."

Linhui Sui, Chief Technology Officer of ET Solar, said, "With our optimal structure design, high quality product component, stringent quality control and the battle tested technologies, we are now able to meet the U.S. compliance, qualification and certification requirement and standards."

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