Solar EnerTech enters into sales contract with Aussie Solar

Solar EnerTech Corp. has entered into a 15MW contract with Aussie Solar Installations, a division of Carbon Management Solutions Pty Ltd., one of Australia’s leading distributors of solar power equipment, to distribute the company’s solar panel modules in Australia.

Aussie Solar has specialized in the sale, assembly and installation of photovoltaic equipment since 2001. Aussie Solar/Carbon Management Solutions is a prime PV system integrator and over the years, has grown into one of the largest solar power installers in New South Wales, Australia.

Since 2009, Aussie Solar has had the exclusive right to distribute Solar EnerTech’s solar panels in Australia. Under the contract, Solar EnerTech’s total shipment to Aussie Solar amounts to approximately US$26 million, which the Company plans to deliver in separate shipments before the end of 2010.

“We are delighted to be fulfilling one of our largest orders to date to Australia,” commented Leo Young, CEO of Solar EnerTech. “This new contract is a reflection of the improved business environment as we’re seeing more customers place orders with us based on our high quality, customized products. We have the right operating platform and team in place to further increase our new business opportunities and expand our customer base.”

“We are very pleased to enter into this contract with Solar EnerTech,” said Amber Ferguson, Managing Director of Aussie Solar. “We are responsible for the entire installation process -- from supplying solar components through connecting systems -- and our platform’s ease-of-use has resulted in high levels of customer satisfaction. Quality control and customer satisfaction are imperative in our business and we are pleased to work with companies like Solar EnerTech, which have high product quality and strong support.”