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ET Solar has signed a 12MW module supply agreement with Australia's ZEN Technologies (Power and Energy) Pty Ltd.
Under the agreement, ET Solar will ship 12MW of black mono-crystalline modules to ZEN in the first half of 2011. Recently designed to meet Zen's specification requirement, these high efficiency modules will produce a more aesthetic appearance suitable for Australia's premium market.
Awarded "Australian Entrepreneur of the Year 2010" from Ernst & Young for its contribution in the clean-tech space in the past year, ZEN has built a leading renewable energy "system" brand in Australia and become a market leader in both residential home energy and commercial PV systems segments. The company is currently launching premium retail stores in all states of Australia.
Mr. Dennis She, Chief Executive Officer of ET Solar, commented, "ZEN has demonstrated to be an excellent partner of ET Solar in the Australian market in the past two years when both of the firms achieved very significant growth. The agreement opens a great start for 2011 and will certainly strengthen our market position and brand name recognition in conjunction with ZEN."
Mr. Richard Turner, Chief Executive Officer of ZEN, added, "Our strategic collaboration with ET Solar is very important to our business development in Australia. Given the strong relationship we had in the past two years with ET Solar, we are very confident that we will achieve greater successes going forward."
