“Our extensive strategic agreement with ITRI includes the building of a world-class Solar Energy Website, the development of a Solar Energy University ELearning Certification Platform and providing cutting-edge solar products and solutions in North America,” commented, Mr. David Fann, CEO of Solar Energy Initiatives.

Worldwide, the solar PV market is expected to reach $34 billion by 2013 and ITRI is hoping that this collaboration with Solar Energy Initiatives, the aim of which is to redeploy a portion of the US work force and focus on reducing the world’s dependence on fossil fuels by selling solar thermal and PV technologies, will help it tap into this burgeoning market.

ITRI offers independent technology development services to the Solar Industry, operating state-of-the-art facilities in Hsinchu (Taiwan), and will joint forces with Solar Energy Initiatives to develop a range of solar solutions such as LED lighting, silicon solar cell products, Si thin-film solar cells, dye-sensitised solar cells and printable CIGS.

“The collaboration agreement signals the intent of both companies to establish an accelerated growth platform for the industrialisation of ITRI’s patented solar technology into the North American Market,” said, Mr. Robert Pimentel, Business Development Director of ITRI.

“SNRY and ITRI will jointly pursue global tender and RFQ projects together. Under this agreement ITRI will supply engineering and technology support and SNRY will manage all sales and integration services. Our agreement with ITRI has the ability to significantly impact both our bottom and top line growth throughout the remainder of our 2010 fiscal year and beyond," explained Fann.

For additional information:

ITRI

Solar Energy Initiatives