ET Solar Announced a 12MW Module Supply Agreement with Zen Technologies

NANJING, China, Jan. 6, 2011 /PRNewswire-Asia/ -- ET Solar Group Corp. ("ET Solar"), a leading China-based photovoltaic ("PV") system turnkey solution provider and integrated manufacturer of PV products, announced a 12MW module supply agreement with ZEN Technologies (Power and Energy) Pty Ltd ("ZEN").

Under the agreement, ET Solar will ship 12MW of black mono-crystalline modules to ZEN in the first half of 2011. Recently designed to meet Zen's specification requirement, these high efficiency modules will produce a more aesthetic appearance suitable for Australia's premium market.

Awarded "Australian Entrepreneur of the Year 2010" from Ernst & Young for its contribution in the clean-tech space in the past year, ZEN has built a leading renewable energy "system" brand in Australia and become a market leader in both residential home energy and commercial PV systems segments. The company is currently launching premium retail stores in all states of Australia.

Mr. Dennis She, Chief Executive Officer of ET Solar, commented, "ZEN has demonstrated to be an excellent partner of ET Solar in the Australian market in the past two years when both of the firms achieved very significant growth. The agreement opens a great start for 2011 and will certainly strengthen our market position and brand name recognition in conjunction with ZEN."

Mr. Richard Turner, Chief Executive Officer of ZEN, added, "Our strategic collaboration with ET Solar is very important to our business development in Australia. Given the strong relationship we had in the past two years with ET Solar, we are very confident that we will achieve greater successes going forward."

About ET Solar

ET Solar is a leading vertically integrated downstream solar power product manufacturer and turnkey solution service provider. With local sales and marketing subsidiaries and offices in Asia, Europe, and North America, ET Solar has provided solar modules, solar tracking systems and turnkey solution services to its customers in over 50 countries.

About ZEN

ZEN Technologies (Power and Energy) Pty Ltd is a dominant player in the Solar Home Energy and Commercial Energy markets in Australia. ZEN's mission is to show its customers how to "Live Free" in a Zero Energy environment, and has a vision to create Australia's leading Renewable Energy Brand.

SOURCE ET Solar Group Corp.