Santerno Chooses Sanmina-SCI as Partner to Build Solar Inverters in Ottawa, Canada
SAN JOSE, Calif. and SAN FRANCISCO, May 12, 2011 /PRNewswire/ -- Sanmina-SCI Corporation (Nasdaq: SANM) and Santerno Inc. today jointly announced that Sanmina-SCI will manufacture Santerno's solar inverters for commercial applications at its Ottawa, Ontario, Canada facility. Production of the solar inverters at Sanmina-SCI's Ontario facility expands Santerno's manufacturing base into North America, enabling local logistics services to its customers while meeting Ontario's Feed-In Tariff (FIT) domestic content requirements.
"The manufacturing agreement with Sanmina-SCI is an integral part of our globalization strategy which aims to be close to our customer base worldwide," said Fulvio Toma, chief commercial officer at The Santerno Group.
The Santerno Group, the leading company in the Italian photovoltaic market, the second largest in the world, has more than 40 years of experience in power electronics, including 25 years in designing solar inverters. Over 1.5 gigawatts of solar inverters have already been delivered to the market, with the majority being deployed in solar farm and commercial applications. Santerno Inc., based in San Francisco, promotes and distributes Santerno Group inverters for the solar, wind and industrial application markets.
"The clean energy market is a major focus for Sanmina-SCI's Ottawa facility, and we're pleased that Santerno has chosen us as their North American manufacturing partner," said Tom Clawson, executive vice president of Sanmina-SCI's Industrial Markets. "We're committed to supporting the growth of the clean technology industry here in Ottawa by partnering with industry leaders like Santerno, and we have made significant investments in capital equipment, plus have the engineering expertise and ongoing programs in place to be FIT compliant."
Sanmina-SCI makes some of the most complex and valuable electronic and mechanical products in the world, manufacturing mission-critical products for a number of industries including solar, medical, defense and aerospace, and communications, among others. The company's global footprint and complete end-to-end supply chain solutions allow Original Equipment Manufacturers (OEMs) to compete effectively in today's marketplace.
"Santerno solar inverters will be built in North America by Sanmina-SCI with the highest standard in manufacturing to complement the superior design reliability and efficiency for which they are renowned in Europe," said Guido Tonin, executive vice president, Santerno Inc.
The agreement allows Santerno to meet the Ontario province's FIT domestic content requirement for renewable energy projects, which was enacted in 2009 to stimulate the Ontario economy.
About Sanmina-SCI
Sanmina-SCI Corporation is a leading electronics contract manufacturer serving the fastest-growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina-SCI provides end-to-end manufacturing solutions, delivering superior quality and support to OEMs primarily in the communications, defense and aerospace, industrial and semiconductor systems, medical, multimedia, enterprise computing and storage, automotive and clean technology sectors. Sanmina-SCI has facilities strategically located in key regions throughout the world. More information regarding the company is available at http://www.sanmina-sci.com.
About Santerno Inc.
Headquartered in San Francisco, Santerno Inc., promotes and distributes Santerno Group's inverters used in the production of renewable energy in North America as well as in industrial applications. Elettronica Santerno, the leading company of the Santerno Group, has been based in Imola, Italy, since 1970, and had sales revenues of approximately $200M in 2010. The Santerno Group is a subsidiary of Carraro Group, a public company and global leader in power transmission systems. The Carraro Group was founded in the 1930s and started trading on the Milan (Italy) Stock Exchange in 1995. Information on Santerno, Inc. may be found at http://www.santerno.com.
Sanmina-SCI Safe Harbor Statement
The foregoing, including the discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales principal customers, the ability of Sanmina-SCI to effectively assimilate acquired businesses and achieve the anticipated benefits of its acquisitions, and competition and technological change. The Company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of these and other factors, including factors set forth in our Company's Annual and quarterly reports filed with the Securities Exchange Commission.
Santerno Inc. Safe Harbor Statement
The foregoing, including the discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales principal customers, the ability of Santerno Inc. to effectively assimilate acquired businesses and achieve the anticipated benefits of its acquisitions, and competition and technological change. The Company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of these and other factors, including factors set forth in our Company's Annual and quarterly reports.
SOURCE Sanmina-SCI Corporation
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