SunPods Inc. Signs 10MW LOI for Supplier Agreement with Renogy LLC

Online, May 16, 2011 (Newswire.com) - SunPods Inc., a manufacturer of the first complete, factory-built solar array, has signed a letter of intent to enter into a two-year supplier agreement with Renogy LLC, for 10MW of photovoltaic modules.

SunPods will incorporate Renogy's PV modules on select factory-built arrays for the growing US market and in SunPods' Solar Energy Export Kit (SEEK) for international projects.

"Our new supplier agreement with Renogy reflects SunPods' focus on partnering with high quality module manufacturers," said Michael Gumm. "We are impressed with Renogy's known success in Europe and quality certification of their PV systems by Switzerland-based, Global Approval Program for Photovoltaics (PV GAP). Additionally, Renogy's multiple US and global warehouse locations will support SunPods' domestic and international expansion.

Renogy's factories produce solar ingots, wafers, cells, and modules insuring cost and quality control at each step in the production chain. This vertical integration enables Renogy to offer competitive pricing that SunPods will pass through to their sales channels.

"Renogy is excited to work with SunPods to supply modules for their innovative solar solution," explained Renogy president, Yi Li. "SunPods shares the same commitment to providing a consistently high quality solar product that is both insurable and bankable."

About SunPods Inc.
Headquartered in San Jose, California, SunPods designs and manufactures modular, factory-built solar arrays. SunPods' solar systems are delivered to the project site fully-assembled with all of the components required to generate solar energy. The SunPods Solar Smart Technologies™ design methodology minimizes on-site construction or site preparation and reduces installation time by up to 85 percent. Products include on-grid and off-grid solutions, EV solar charging and ground mount systems for commercial, government and residential applications. SunPods also delivers specialized solutions for landfills, Brownfields and agricultural operations. www.sunpods.com

About Renogy LLC
Renogy is a global player of production and distribution of solar panels. Being vertically integrated from solar ingot to solar modules, Renogy specializes in the development of turnkey PV projects and deliver the most reliable and cost effective solar energy solutions. By strategically partnering with leaders from different industries , Renogy creates added value for our clients. Renogy state of art production of top quality solar cells and the use of superior accessories enable to produce high performance solar modules that maximize the energy yield of the solar system per unit area. Most importantly, Renogy technology reduces the system cost per watt. www.renogy.com