MetaSystem and Danfoss finalize exclusive agreement for the sale of grid-connected photovoltaic string inverters in Italy

Offenbach/Main, (PresseBox) - MetaSystem, a leading Italian company in Uninterruptible Power Supplies (UPS), and Danfoss, a multinational leader in frequency converters, announced today the signature of a long term strategic exclusive Agreement for the sale and support of the photovoltaic products of Danfoss, including the UniLynx and TripleLynx series of grid-tied photovoltaic string inverters.

The inverters will be sold by MetaSystem through its extensive sales network, along with other photovoltaic products that will make it easier for installers to approach and do business in photovoltaics using extremely reliable and well supported equipment.

"We recognize in Danfoss a leader in the market with its extensive experience gained in the past years serving the OEM market. They offer the advanced European-based technology which enables innovative performance and complete reliability. The modularity of their products is a concept very similar to our approach in UPS , which makes Danfoss an ideal partner to build with us a strong presence in Italy", said Mr Giuseppe Simonazzi, General Manager of MetaSystem SpA.

"With this Agreement we rely on the local expertise, technical support and sales channels of MetaSystem to develop the Italian market and gain a considerable market share in the next few years", said Mr Henrik Raunkjaer, Managing Director of Danfoss Solar Inverters.

Danfoss will present its UniLynx and TripleLynx inverter ranges for residential and commercial applications at the European Conference EU-PVSEC in Milan, September 3-6, at stand C7 Hall 20. MetaSystem personnel will be present to support Italian customers.

About MetaSystem
MetaSystem Group, a leader in the design and manufacturing of electronics applied to security systems, has manufacturing and sales offices in Italy, with headquarters in Reggio Emilia. With a turnover over 90 million Euros in 2006, of which more than 70% in export sales, it has over 600 employees and is a leading firm in the production of applied electronics for energy and security systems (Uninterruptible Power Supplies, alarms and immobilisers for cars, motorcycles and the home, and OEM electronics). Its product lines also include professional Renewable Energy products, power equipment for FM broadcasting, medium-power inverters and power supplies. MetaSystem products are distributed in Italy through a widespread sales network and, abroad, through the branch offices based in the UK, France, Spain, and a network of distributors all over the world.

MetaSystems products are designed and manufactured at the company’s Italian facilities, all of them certified according to the following standards: UNI EN ISO 9001:2000; Automotive standard ISO/TS 16949; ISO 14001. The state-of-the-art know-how, the innovative technologies covered by several patents, and the top quality and reliability of the products are the results of an extensive experience of more than 30 years in professional electronic markets. www.metasystem.it

Danfoss GmbH

Danfoss Solar Inverters is an innovative Danish company owned by the Danfoss Group. Danfoss acquired PowerLynx in March this year to make solar inverters a new business area for the Group. Danfoss Solar Inverters develops, manufactures and sells advanced grid-connected inverters, including communication solutions. By applying world-class power electronics technology and manufacturing processes in a unique product concept, Danfoss Solar Inverters offers highly competitive solutions. Danfoss inverters are manufactured at ISO 9001 and ISO 14001 certified plants in Denmark. The Danfoss Group is an international group and a leader in the development and production of mechanical and electronic products and controls. Danfoss products help to heat and cool homes and offices, refrigerate food and control production lines. They contribute to the conveniences of modern life as well as to a safer and cleaner environment. Danfoss has 40 years of experience in power electronics technology and an annual production of more than 600,000 frequency converters. Frequency converters and PV inverters are technologically closely related, sharing 80-90% of their components. Danfoss A/S is one of the largest industrial companies in Denmark, with net sales of around DKK 20 billion and more than 20,000 employees worldwide. The Group’s production facilities are located at 53 factories in 21 countries. www.solar-inverters.danfoss.com www.danfoss.com

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