Sunvalley Solar Reaches Distribution Milestone with Canadian Solar Inc. and Others Sep 13, 2010 6:00:00 AM
WALNUT, Calif., Sept. 13 /PRNewswire/ -- Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL), a leading solar power technology and solar system integration company, announces that it has reached the 3-megawatt (MW) distribution milestone with Canadian Solar Inc. (Nasdaq: CSIQ).
In 2008, Canadian Solar Inc., one of the world's largest solar companies, awarded Sunvalley Solar the designation of preferred distributor. Since January of 2009 Sunvalley Solar has successfully distributed solar panel products manufactured by Canadian Solar Inc., throughout the U.S. and has proudly reached their first strategic milestone of 3- megawatts.
In addition to being the preferred distributor for Canadian Solar, Sunvalley Solar has also successfully promoted and distributed solar panel products manufactured by CEEG SST. CEEG is one of the few manufacturers in the world that provides high efficiency PV panels (>17%). CEEG has achieved high wattage in a small footprint solar panel, thereby allowing them to produce one of the highest wattage per square foot ratios in the industry. In addition, CEEG is one of the world's leading manufacturers in the PV and higher wattage Mono-Crystalline solar panel business and has been commended for their ability to continue developing higher efficiency modules. In February of this year, Sunvalley Solar and CEEG SST signed a contract making Sunvalley Solar one of CEEG's preferred distributors in the U.S. This agreement allows Sunvalley Solar to offer extremely competitive pricing and the ability to deliver product anywhere in the U.S. Sunvalley Solar has also established a partnership as the sole distributor in Southern California for residential solar inverters produced by PV Powered. PV Powered is one of the top solar inverter manufacturers in the USA.
"Sunvalley Solar's well-established partnerships with leading manufacturers such as Canadian Solar Inc., CEEG SST, Tianwei Solarfilms and PV Powered allow us to provide solar system solutions with extraordinary quality at tremendously competitive price to our customers," said James Zhang, CEO of Sunvalley Solar, Inc.
About Canadian Solar Inc.
Canadian Solar Inc. is one of the world's largest solar companies. As a leading vertically integrated provider of ingot, wafer, solar cell, solar module and other solar applications, Canadian Solar designs, manufactures and delivers solar products and solar system solutions for on-grid and off-grid use to customers worldwide. With operations in North America, Europe and Asia, Canadian Solar provides premium quality, cost-effective and environmentally friendly solar solutions to support global, sustainable development. For more information, visit http://www.canadiansolar.com.
About Sunvalley Solar, Inc.
Sunvalley Solar, Inc. is a leading solar system solution provider that offers comprehensive solar energy technology, system design, installation, equipments, and technical support for electrical contractors, builders, homeowners, businesses/commercial buildings, and government entities that assist them in the lowering of utility bills, reducing environmental impacts, and increasing energy reliability and independence through solar energy. Located in Los Angeles, California, Sunvalley Solar, Inc. is committed to reducing the world's carbon foot print from traditional energy sources to make renewable sources, such as solar, the nation's mainstream source of power.
To learn more, visit www.sunvalleysolarinc.com.
Forward-Looking Statement: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
SOURCE Sunvalley Solar, Inc.
---------------------------------------------- Sunvalley Solar Inc. Investor Relations +1-909-598-0618 ext. 117 ir@sunvalleysolarinc.com
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