Ultrasolar Technology Announces Strategic Alliance with NanoEnergy, Japan

This partnership will enable Ultrasolar and NanoEnergy Ltd. to deliver QuantumBoost to the Japan market, with an initial order of 177MW.

SANTA CLARA, Calif.--Ultrasolar Technology Inc., a leading startup in the solar space providing systems for increasing energy harvest from solar modules, today announced a strategic alliance with NanoEnergy Ltd. of Japan a technology distributor of energy efficiency systems. This partnership will enable Ultrasolar and NanoEnergy Ltd. to deliver QuantumBoost to the Japan market, with an initial order of 177MW.

President of NanoEnergy, Koyo (Kenny) Iwasaki explains, "At NanoEnergy, now we are poised to capitalize on the growth of renewable energy in Japan. This partnership positions us uniquely in the marketplace to deliver the best energy efficiency systems. Today, the solar booster TAM is $5.6B (680B); entering into a long term agreement to install and commission QuantumBoost systems will drive NanoEnergys' growth."

Santosh Kumar, CEO of Ultrasolar commented, "NanoEnergy and Ultrasolar have been working together to build a solid infrastructure to place QuantumBoost in Japan. We look forward to a long relationship delivering value to the Japanese market with our technology."

"NanoEnergy prides itself on delivering the most advanced energy efficiency technology such as Nano Fuel Emulsion Equipment; and hard water treatment systems. I'm confident QuantumBoost will grow our business significantly over the next few years," according to Muneya Arakawa, Chairman of NanoEnergy, who introduced Ultrasolar into the Japan market at its inception.

Since then, Ultrasolar and NanoEnergy have been working together to build the global footprint of Ultrasolar. That partnership created the opportunity to increase the global business profile of Ultrasolar Technology enabling the growing startup to establish a position in Japan and Asia/Pacific.

About Ultrasolar Technology, Inc.
Ultrasolar Technology, based in Santa Clara California, is a unique company within the Renewable Energy space. It is the first company to introduce new innovative technology in the last 10 years with its QuantumBoost product that increases the baseline output of any Solar Module.

About NanoEnergy
NanoEnergy Company, based in Japan is a supplier of energy efficiency equipment in Japan. It distributes Nano Fuel Emulsion Equipment and hard water treatment systems. NanoEnergy partners include some of Japan's top ranked companies in renewable energy such as Japan Energy Bank, who has contracted 178MW of solar farms in Japan as a leading Engineering Procurement and Construction Contractor.

For more information about Ultrasolar Technology, contact Darryl Parker, Sales and Marketing, 650-245-1987, darryl@ultrasolar.com. www.ultrasolar.com

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