Phono Solar announces new agreement with Sybac

The contract includes 10MW for distribution in 2011

THE WOODLANDS, TX - Phono Solar, one of the world's largest solar companies specialized in the complete design and production of high quality mono crystalline and poly crystalline silicon solar modules, today announced that Sybac Photovoltaics, the engineering group specialized in the design and installation of large scale solar power systems, has signed a purchase contract for 10MW before the end of 2011. This agreement supports the growth of a strategic partnership between both enterprises for solar projects in the US.

California based Sybac Photovoltaics is partnering with Phono Solar to build utility scale projects throughout the US. The new contract extends the already existing agreement between Sybac Solar GmbH, the German parent company of Sybac Photovoltaics, and Phono Solar, under which Phono Solar is currently supplying 35 MW of panels for European projects in 2011.

The Sybac group has already designed, developed, financed, built and commissioned over 130 MW of solar systems worldwide, including a 27 MW ground mount. The company has an additional 120 MW of projects currently under construction and scheduled to begin operation in 2011 under the existing FIT in Germany. With secured funding for the construction of over 15 MW in the US, and 8 MW of projects underway in California alone, Sybac Photovoltaics is well positioned to play an important role in the US solar industry.

The Sybac group selects Phono Solar based on their superior modules, ranked in the top 1% efficiency. Phono Solar is also recognized as an innovative manufacturer thanks to their cutting-edge AC panel which eliminates a large percentage of installation costs and their new HEC technology high performance initiative, designed for the US market.

Phono Solar has significantly increased sales in North America since entering the market in 2010. Through this agreement, Sybac will benefit from leading features in panel power and efficiency, and Phono Solar will have a strong EPC and Project Financier partner to attract developers and projects in need of completion.

"Our partnership with Sybac will continue our accelerated growth in the North American solar market, while providing the Sybac group with the high performance panels they require to complete large scale projects in the US," begins David A. Allen, VP Sales North America. "We are pleased our quality modules resonate with this important US project developer and we look forward to our ongoing role in this strategic market."

About Sybac Photovoltaics
Sybac designs and installs commercial and utility scale solar power systems. They are a global solar engineering firm with principal headquarters in Germany. The California office provides full in-house service for solar projects, including project development, financing, Engineering Procurement and Construction (EPC) services and installation, as well as operations and maintenance.
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About Phono Solar
Phono Solar Inc. is one of the world's largest photo-voltaic module manufacturers. As a leading supplier of solar modules, Phono Solar designs, manufactures and delivers solar products for on and off-grid use. With operations in North America, Europe and Asia, Phono Solar provides its partners with high-quality, competitively priced PV modules that are among the industry leaders in efficiency and warranty.

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