SANTA CLARA, Calif.---Silicon Valley Solar announced today that they have finalized an agreement with Conergy AG that will enable a more rapid market introduction of the company’s Sol-X2 internal concentrator solar modules. Conergy has placed an order for a multi-kilowatt test system with a commitment to engineering collaboration and the sharing of performance data.

“We are very pleased with the level of interest Conergy has expressed in our Sol-X technology,” said Tim Fischer, vice president of business development for SV Solar. “This agreement represents the culmination of a series of meetings both in Germany and in the U.S., where Conergy has fully explored the benefits of our technology to their business.”

“Conergy has entered into a strategic R&D partnership with SV Solar that has the potential to expand into a significant, multi-faceted commercial relationship,” said Monika Leiner, head of sourcing for the PV Modules Global Technology Team at Conergy AG. “Sol-X technology has the potential to significantly reduce product cost per Wp while alleviating pressure on silicon supply.”

Since Sol-X modules are form, fit and functionally compatible with standard flat plate modules, they can be seamlessly utilized by Conergy installation teams worldwide. Performance data collected to date supports SV Solar’s contention that the first generation product, Sol-X2, produces at least 100% of the energy, with less than 50% of the solar cell area.

“Conergy’s vast resources and technical competence will be invaluable to our progress. In particular, their experience with TUV safety certification will streamline our path to market,” added Dr. Christoph Goeltner, VP of engineering for SV Solar.

Based on successful technical evaluation and business negotiation, it is expected that this initial agreement will result in a volume purchase order in excess of 10MW, to be delivered over a 24 month period.

About Silicon Valley Solar, Inc.

Incorporated in 2006, SV Solar is a manufacturer of flat plate internal concentrator solar modules. SV Solar was founded by Patrick Callinan, President and CEO of Silicon Valley Microelectronics (SVM). SVM has been supplying silicon wafers and feedstock to the semiconductor and solar industries very profitably for the past 16 years, and created SV Solar as a natural evolution to meet the demands of an increasingly thriving solar market. SV Solar has developed a unique solar module technology utilizing an advanced internal concentrator, marketed under the Sol-XTM brand.

About Conergy AG

Conergy is the European solar enterprise with the highest sales and is also a leading international supplier in other fast growing fields of renewable energy such as wind and bioenergy. Conergy pursues a customer-oriented global growth strategy which aims to offer each energy consumer worldwide the most appropriate technology in attractive markets for renewable energies. In foreign markets, energy requirements for electricity, heat or cooling varies greatly. Conergy therefore offers a wide range of regenerative energy products, and has an internationally-oriented management team. The Conergy group operates around the world in close proximity to its clients and now has branches on five continents.