Both parties have agreed to authorize SAS to distribute the patented iPV Solar Tracker and iPVSYS monitoring system in Germany and Italy for a period of three years. Within these three years, SAS plans to put main efforts on sales of iPV Solar Tracker in Italy and German markets. In addition to supplying the iPV Solar Tracker, BIG SUN will provide technical support, sales and service assistance to ensure quality products.
The signing of this exclusive distribution agreement signifies the iPV® Solar Tracker official sales expansion into the European market. BIG SUNs chairman and iPV® Solar Tracker inventor, Summer Luo indicates, Weve installed a demo site in Luxembourg in July 2014 and with our iPVSYS monitoring control system have been able to remotely monitor the power generation conditions, accurately track the suns path in Europes high latitude regions, obtain greater energy efficiency due to the 40°-90° tilt angle range, and counteract adverse winter conditions with the snow removal mode to protect the functioning of the solar tracker. This has instilled SAS with confidence in our product and will to become our exclusive distributor. Since its installation, the Luxembourg iPV® Solar Tracker site has an accumulated energy of 1,345.6 kWh and reduced 857.1 kg of carbon dioxide, which are outstanding results.
High efficiency products are always the winning key elements of SAS, and PV market is one important target of SAS global strategy. SAS is confident on market expansion, since iPV Solar Tracker exclusive patented by Big Sun is a very good platform as a product with high efficiency. Moreover, in 2014, SAS acquired Aleo Solar, a high-performance modules company, which has a good foundation base on brand recognition and reputation in Europe. It is because the expectation to Aleo solar, Big Sun decided to commit exclusive distributor agreement to SAS. Through this cooperation, SAS can extend business field to power station clients. This cooperation is able to strengthen the competitiveness of both SAS and Big Sun, to build a complete supply chain, to provide comprehensive services for global clients and therefore a better interest for shareholders for both sides.
In 2012, BIG SUN publicly released the iPV Solar Tracker, which was developed by its subsidiary Topper Sun Energy Technology Company (Topper Sun). In 2013, the iPV Solar Tracker was awarded the National Industrial Innovation Award presented by the Ministry of Economic Affairs. 2014, successively signed strategic agreements with global leading solar companies Xinjiang TBEA and Shenzhen Yingli New Energy Resources Co., Ltd to specifically focus on the iPV Solar Tracker. This solar tracker is exclusively patented for its universal axis mechanism which enables 360° horizontal axis movement and 40°-90° elevation tilting. Additional features include accurate solar energy collection, increased power generation efficiency at higher latitudes, and stable and reliable economic benefits aided by the iPVSYS monitoring software. Previous power generation recordings include over 35% power gain compared to fixed-type PV systems and a single-day power achievement exceeding 8.5 kWh/kWp.
As governments continue to reduce solar subsidies and incentives, the iPV Solar Tracker will allow investors to maintain their original ROI, making it the PV power system of choice for future solar power plants. The iPV Solar Tracker has been installed in various applications such as petrol station rooftops, ground mounted power stations, and has been integrated into agriculture greenhouses. These multiple applications will assist SAS greatly in expanding their European market.
In regards to their cooperation, BIG SUNs chairman, Summer Luo thanked SAS and stated, Now is the time for strategic cooperation. Even though we are in the same solar industry profession, we should use a mutual benefiting situation to create a winning position and to promote the overall solar industry. We welcome even more interested solar parties to discuss strategic cooperation. Currently, the iPV® Solar Tracker has received more than 20 patents in 40 countries, including all 28 EU countries, with more applications pending. This strategic cooperation with SAS will be BIG SUNs first significant steps into Europe, with aspirations to further expand their global presence, and enable the iPV Solar Tracker to provide service in each country.
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