(2023-10-18) BRC Solar GmbH has chosen Kitron to produce the Power Optimizer, an
innovative new product that improves the performance of solar panels.
The value of the agreement is expected to reach an annual level of approximately
EUR 10 million within three years. Production will take place at Kitron's
facility in Lithuania.
"We are proud that BRC Solar, a dynamic company in the growing solar industry,
has trusted Kitron with the production of this exciting product, which targets a
booming market and fits perfectly with Kitron's focus on electrification as a
megatrend and growth driver," says Mindaugas Sestokas, Managing Director of
Kitron Lithuania and VP Central Eastern Europe.
The performance of solar panels degrades when some modules connected in series
are shaded or if modules have different alignments or inclinations. The Power
Optimizer solves these problems and can be combined with a variety of panels and
inverters already on the market.
Kitron will produce the full Power Optimizer product, from printed circuit board
assembly to top-level assembly and testing. Because of the high quantities
expected, production will be highly automated.
"We were looking for a top-notch EMS partner in Eastern Europe and chose Kitron
because of its technical competencies and experience, automatization solutions,
high quality of services and capacity possibilities. We look forward to ramping
up this partnership as the Power Optimizer hits the market," says Pascal
Ruisinger, Managing Director of BRC Solar.
For further information, please contact:
Peter Nilsson, President and CEO, tel.: +47 948 40 850
Mindaugas Sestokas, Managing Director, Kitron Lithuania and VP Central Eastern
Europe, tel.: +370 685 25557
E-mail: investorrelations@kitron.com
Kitron is a leading Scandinavian electronics manufacturing services company for
the Connectivity, Electrification, Industry, Medical devices and
Defence/Aerospace sectors. The group is located in Norway, Sweden, Denmark,
Lithuania, Germany, Poland, the Czech Republic, India, China and the United
States. Kitron has about 3 200 employees, and revenues were EUR 641 million in
2022.
www.kitron.com (http://www.kitron.com)
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act
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