PRESS RELEASE

Phono Solar and Enphase Energy Sign Strategic Partnership Agreement

2012-09-13

Phono Solar announced today the signing of a strategic partnership agreement with Enphase Energy. The companies plan to work together on the development of AC Solutions for residential and commercial solar project that simplify and reduce costs of installation and improve energy production. With this agreement, Phono Solar expects to launch more than 40MW AC Series modules in the UK and the U.S.A in the upcoming 2 years.



Enphase Energy delivers microinverter technology for the solar industry that increases energy production, simplifies design and installation, improves system uptime and reliability, reduces fire safety risk and provides a platform for intelligent energy management. The Enphase semiconductor-based microinverter system converts energy at the individual solar module level and brings a systems-based, high technology approach to solar energy generation.



Paul Nahi, CEO of Enphase Energy, commented, “We are proud that Phono Solar has selected the Enphase Microinverter System as a key component to the development of AC Solutions that can help solar installers save time and lower overall balance of system costs. It is exciting to work with Phono Solar as solar continues to increase worldwide.”



Mariana Hall, Vice-President of Phono Solar, said: “Rooftop engineering is emerging to be the future of the photovoltaic industry. Phono Solar continues to develop new products and solutions in this area, such as our new AC Series modules and Built In PV (BIPV) applications. This strategic agreement with Enphase Energy is an example of Phono Solar’s commitment to innovation and dedication to strong industry partnerships.”



Eric Yuan, Phono Solar Marketing Manager, said: “Phono Solar is committed to furthering the renewable energy cause through the PV industry, increasing market share overseas, and developing itself as a global brand. Recently, Phono Solar re-established the core values of the company: stability, reliability and creativity. The company’s focus on creativity is seen in continuous innovation in the areas of operations, management and product development.”



Closing Date: Sep.13, 2012


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