Sustainable Energy Technologies Ltd. appoints director of operations

CALGARY, ALBERTA, March 20, 2003 — Sustainable Energy Technologies Ltd. announced that Derek A Howell has been appointed Director of Operations for the company.

In his role, Howell is responsible for manufacturing, supply chain management, and customer support for Sustainable Energy’s renewable energy inverter.

“Derek’s appointment underscores the company’s success in executing is product commercialization plan,” said Michael Carten President & CEO of Sustainable Energy. “We have successfully completed the commercial design package for our 5 kW power electronics platform, established our component supply chain, and completed our first commercial production run of inverters configured for stationary fuel cell applications.”

“We are now engaged in repackaging the same power electronics platform as a consumer oriented product for the North American and European grid-connected solar power market. Clean Edge Inc, based in San Francisco California estimates the global solar industry at US$3.5 billion today (including modules, system component,and installation) and projects that it will grow to US$27.5 billion by 2012. The largest and fastest growing segment is the grid-connected application, which we are targeting with our 5 kW product.” said Carten.

Prior to joining Sustainable Energy, Howell was Manager of Operations for the Wireless Communications Division of Harris Corporation in Calgary, Alberta, where he had responsibility for new production introduction, procurement, component supply management, outsourcing strategies and establishing global logistics processes. Howell brings more than 15 years of manufacturing and supply chain management experience in the electronics industry, including experience with other companies such as Motorola, Novatel Wireless, and Nortel.

Based in Calgary, Alberta, Sustainable Energy develops products that enable renewable energy resources to be an integral part of our electrical power system.

The company’s renewable energy inverter converts the direct current (“DC”) output of renewable energy sources, such as solar modules and fuel cells, into high quality alternating current (“AC”) used by electrical devices and transported by the utility grid. Sustainable Energy’s grid-interactive inverter offers one of the highest average electrical conversion efficiencies (in excess of 93%) in the industry, and is software configurable for multiple technologies and applications.


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