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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 – 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.”
About Day4 Energy
Headquartered near Vancouver, British Columbia, Day4 Energy Inc. designs,
manufactures and sells photovoltaic (PV) modules based on its patented
Day4 Electrode technology, a proprietary method of contacting and interconnecting
solar cells. The Day4 Electrode produces PV panels of high power density,
increased lifetime and uncompromised aesthetic appearance. The advanced
solar module construction method increases the performance of conventional
silicon panels and enables the next-generation of PV innovation. Day4
partners with the industry’s leading PV cell producers to deliver
IEC and UL certified commercial and residential solar products to customers
throughout Europe and North America. For more information, visit: www.day4energy.com
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Press Contact:
Rosalind Jackson
Antenna Group (for Day4 Energy)
415-977-1923
rosalind@antennagroup.com
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May 8, 2008 - Day4 Energy first quarter revenues hit
record $13.5M. >> more
April 29, 2008 - Day4 selected for Japanese study
of large scale solar power projects. >>
more
April 17, 2008 - Day4 secures over 90,000 ft sq of
production space to increase manufacturing capacity. >>
more
April 15, 2008 - International Third Party Testing
Ranks Day4 Energy Solar Modules for Highest Power Density >>
more
March 31, 2008 - Revenues up 1008%, as detailed in
2007 fourth quarter and year-end financial results.>>
more
March 27, 2008 - Increased sales for 2008 reflect
growing demand for advanced Day4 MC solar modules in Europe and North
America.>> more
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