S-Energy America Fills Key Leadership Positions

IRVINE, Calif., Aug. 7, 2014 /PRNewswire/ -- S-Energy® Co., Ltd. (095910:KOSDAQ), Korea's #1 manufacturer of high-quality PV Solar Modules, today announced the appointment of David Y. Kim to lead the Company's operations in the U.S. S-Energy America provides tariff-free modules, manufactured in Korea, to major residential and commercial solar installers throughout North America.

Kim brings a wide-range of experience in the solar energy industry to S-Energy. He was recently at Samsung C&T's Solar Operations, overseeing the conception, development, financing, construction and operation of many utility-scale solar projects. "Since 1994, S-Energy has enjoyed strong market share and a loyal customer base in the European and Asian solar markets," said Sung-Min Hong, CEO of S-Energy Co., Ltd. "Under David's leadership, I'm confident we will see similar results in the rapidly growing American solar market." Kim will be based at the S-Energy America headquarters located in Irvine, CA.

Additionally, S-Energy America has appointed Matt Allen to lead sales activities for the Western US Region. Allen brings extensive experience in residential system and tier-1 manufacturing sales to his role at S-Energy.

S-Energy Co., Ltd., formed as a spin-out of Samsung Electronics, is one of the global solar industry's oldest and most experienced module manufacturers – continuously building PV modules since 1994. The Company's reputation for industry-leading quality and long-term performance is backed by 20 years of field operating data. S-Energy Co., Ltd. is also an established project developer, having built some of the world's first megawatt scale solar power plants. The Company provides turnkey development services from land acquisition to operations & maintenance of various types of solar projects around the world.

S-Energy is expanding in the US market on a strong foundation of complete qualifications and certifications, major bankability metrics, EPC and bank relationships, and marquee projects. S-Energy recently developed and operates a 4.8MW solar plant in Elk Grove, California, providing electricity to the Sacramento Municipal Utility District (SMUD) to power 3,600 homes. Extensive data gathered from the installation highlights the modules have consistently out-performed expected generation since the system commissioning in August of 2012.

About S-Energy Co., LTD. ("S-Energy")

Started as Samsung Electronics Solar Division in 1994 and subsequently spun-out as S-Energy (095910:KOSDAQ), the Company is one of the industry's oldest and most experienced PV module manufacturers. Twenty years of field operating data support S-Energy's reputation as the best over-all quality, performance and value for solar investors. From offices in Asia, Europe and the USA, S-Energy also provides development, financing, operations and maintenance services to assist customers in ensuring the success of their solar projects. S-Energy is headquartered in Seong-Nam, South Korea and maintains in excess of 30% market share of Korea's domestic PV market. S-Energy, the first renewable energy company listed on the KOSDAQ in 2007, is one of the most financially stable global PV module OEM's with consistent positive operating margin and low debt to equity ratio. Learn more at www.s-energy.com/eng.

SOURCE S-Energy Co., Ltd.