Mass Production Lines Are Now Fully Operational
HOD HASHARON, Israel & SINGAPORE — (BUSINESS WIRE) — March 3, 2010 — SolarEdge Technologies, an innovative solar power harvesting provider, and Flextronics (NASDAQ: FLEX), a leading global Electronics Manufacturing Services (EMS) provider, today announced that SolarEdge has selected Flextronics as its global manufacturing partner for high-volume production of SolarEdge’s distributed PV power harvesting and monitoring systems.
The announcement came after six months of close collaboration between the two companies on preparing dedicated production lines located at Flextronics' factory for the mass production of SolarEdge systems at exceptional quality. Production has commenced during the previous quarter and is expected to reach an annual capacity of 200MW.
“As SolarEdge continues to rapidly scale to meet growing market demand, we are focused on forging first-rate partnerships that will support our promise of reliability and excellence to our customers,” said Guy Sella, chairman, CEO and co-founder, SolarEdge. “Flextronics has an impressive global reach and a successful track record of quality manufacturing services for the solar industry. This partnership will help us more quickly answer customer needs for an effective solution to improve the performance of solar energy systems through panel optimized yield and monitoring.”
“We are very excited to join forces with an innovative company like SolarEdge that leads the way into affordable solar energy production at grid parity,” said E.C. Sykes, president, Flextronics’ Industrial Market Segment. “We are all set to deliver a quality product at mass volumes. Flextronics is prepared to leverage its global resources including production and logistics facilities in Mexico, Hungary and China to support SolarEdge’s strategic future growth.”
SolarEdge provides holistic photovoltaic power harvesting and monitoring technology to maximize the energy output and cost efficiency of solar PV units. The company works with industry-leading partners such as BP Solar, Schott Solar, GE, Gehrlicher Solar, Isofoton, HaWi Energitechnik, and many others to embed its technology into photovoltaic panels to increase their power output by up to 25 percent and provide superior monitoring and control, without increasing costs.
Flextronics Solar Division provides core competencies in design, manufacturing, assembly, testing and after market services. These include expertise in markets such as semiconductor capital equipment, energy and electro-mechanical equipment, PV component assembly and balance of system (BOS) products. Flextronics solar partners benefit from its extensive global operations footprint, scalable regional manufacturing and logistics solutions, and operational excellence leveraging Lean Six Sigma and Flextronics best practices.
About Flextronics
Headquartered in Singapore, (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focusing on delivering complete design, engineering and manufacturing services to automotive, computing, consumer, industrial, infrastructure, medical and mobile OEMs. With fiscal year 2009 revenues of US$30.9 billion, Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit www.flextronics.com.
About SolarEdge
SolarEdge provides the world's first end-to-end Distributed Solar Power Harvesting and PV Monitoring Solution, allowing maximum energy production at a lower cost per watt. The company works with industry-leading partners to embed its active electronics directly into PV panels. The SolarEdge PowerBoxes™ are DC-DC power optimizers that perform MPPT per individual panel while monitoring performance of each panel and communicating across existing power lines. Moreover, PowerBoxes always maintain a fixed DC string voltage, allowing optimal efficiency of the SolarEdge multi-string PV inverter, which is tailor made to work with power optimizers. As a result, the SolarEdge system provides more power from any given installation, eliminates design constraints, provides complete panel-level and whole-system visibility for monitoring and maintenance alerts, solves all safety hazards and provides anti-theft mechanisms, all while reducing the cost of energy. SolarEdge is online at www.solaredge.com.
Contact:
SolarEdge
Yael Eldar, +972-54-4419940
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