Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for FOREX trading professionals · Friday, March 29, 2024 · 699,674,631 Articles · 3+ Million Readers

Alternative Energy: Day4 Inks Eastern Europe Manufacturing Deal

May 28, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Day4 Energy Inc. (TSX: DFE), a supplier of solar electric solutions, said that it has signed an agreement with Enersis, the second largest PV company in Slovenia, for a 25 megawatt turnkey manufacturing technology solution for the production of Day4 Energy branded products to address the Eastern European photovoltaic market.

Day4 said that, at current market prices and full capacity utilization the 25 MW line is expected to provide around 1.2 million Euros per year in royalty revenue to Day4.

On April 26, Day4 said that it had entered an agreement in principle to acquire ACI-ecotec GmbH & Co. KG, a privately owned, specialized photovoltaic equipment design and manufacturing company based in Germany.

Once the acquisition of ACI is complete Day4 said it expects to recognize two distinct revenue streams from these transactions.

The first is one-time revenue of roughly 3 million Euros from the sale of equipment and consulting services related to construction and set up of the turnkey production line. The second is the ongoing royalty revenue stream on the sales of products manufactured using the turnkey manufacturing line.

Canada-based Day4 Energy is focused on providing high performance photovoltaic solutions for residential, commercial and utility scale installations.

Enersis was established in 2007 and has its roots in a family company that has operated in Slovenia and International markets for over 40 years. In its first two years of operation in the solar industry Enersis has sold equipment for PV systems and installed more than 40% of all Slovenian PV systems.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [altrntvtnr] [nrgyygrn] [flflflflfl] [grrnnwsnr] [ntrntnlcmpnsbsnss] [prtnrshpsphs] [ftrdnwswnd]

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release