Press Releases

PROFIT GUIDANCE

Solco on track for record profit of $3.15 million

Solco Limited (ASX: SOO) is pleased to provide profit guidance for the 2010 financial year, with the Company expecting to report a profit before tax of $3.15 million for the 12 months to 30 June 2010.

The result, which is subject to finalisation and audit, would represent a 76% increase on the previous financial year.

Group turnover for the year is expected to be $34.5 million, a 24% increase on the previous corresponding period.

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Solco and SolarEdge partner to maximize solar power harvesting in Australia

As a result of close collaboration, in 31 May 2010, Solco and SolarEdge announced a joint partnership agreement for the supply of a distributed power harvesting solution that will maximize power generation throughout a solar photovoltaic system lifecycle, while dramatically reducing complexities and costs.

Solco welcomes this strategic agreement with Solaredge, who has proven to be a reliable and committed partner, said Mark Norman, CEO and Managing Director of Solco Ltd. This partnership reflects the intensive quest by both companies to create highly efficient and cost-effective PV systems. The combination of SolarEdge technology and Solco technical expertise will significantly enhance the energy output of solar power systems installed in Australia. We expect customer response to be immediate, demonstrating the viability and effectiveness of this collaboration, and the abilities of this new solution.

The SolarEdge power harvesting solution includes PowerBoxes, which are PV module-integrated power optimizers, solar PV inverter, and solar monitoring software. This unique end-to-end solution enables production of up to 25% more energy from the PV installation, while reducing costs and complexities. The SolarEdge system offers significant improvements over existing solutions, especially in optimizing power output from each module, regardless of adjacent module performance. The SolarEdge solution allows installers and system owners of all system types to benefit from constraint-free design, real-time module-level monitoring, improved maintenance at reduced cost, optimal site-area utilisation, theft prevention mechanisms, enhanced safety and extraordinary reliability, which all contribute to faster return on investment.

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Solco Ltd returns record profit and maiden dividend

Solco Ltd (ASX SOO) today announced its continued corporate and business turnaround, posting a record profit of $1.79 million for the year 2008/2009. It will also deliver a maiden unfranked dividend of 0.25 cents per share. The dividend is expected to be paid on 30 September 2009 for registered shareholders as of 2^nd September 2009.

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Solco Choice Electric Shines Brightly at ATRAA

Solco Choice Electric attended ATRAA in force, displaying not just our new corporate branding, but also four new products. For all of these, it was their first time offered to the Australian market. These were the Astronergy panels (poly, mono and thin film), the Aero Sharp grid-connect inverters, SolarMagic™ Power Optimiser, and the new ClickSys® mounting kit from UniRac.

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NEW Grid-Connect Inverter Technology for Australia Unveiled Today at ATRAA Conference

CANBERRA, July 31 2009 - Solco Choice Electric - one of Australia's leading and oldest solar system wholesalers, and Shanghai Aero-Sharp Electric Technologies - part of the Shanghai Aviation Electric Co., Ltd - today announced the introduction of the Aero-Sharp range of grid-connect inverters in Australia. These inverters, which range from 1 - 5 kW, are ideally suited to Government programs and the forthcoming Solar Credits scheme.

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Unirac and Solco Choice Electric Unveil CLICKSYS™ in Australia, The Next Generation in Residential PV Mounting Technology

CANBERRA, July 30 2009: Solco Choice Electric - one of Australia's leading and oldest solar system wholesalers, and Unirac Inc. - North America's leading manufacturer of solar photovoltaic (PV) mounting solutions, today announced the launch of CLICKSYS™ in Australia. This is an innovative new click-system mounting solution offering better value and installation ease for flush roof residential PV market.

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High-Quality, Price-Competitive Solar Power Panels Released to the Australian Market

CANBERRA, Australia, 30 July 2009: Astronergy (a Chint company) and Solco Ltd are pleased to announce today a joint collaboration in bringing Astronergy's range of high quality panels to Australia. This includes Astronergy's second-generation amorphous / microcrystalline silicon tandem thin film PV (a-Si/µc-Si) modules.

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National Semiconductor Selects Solco Choice Electric to Distribute SolarMagic® Power Optimizers in Australia

CANBERRA, Australia - July 29, 2009 - National Semiconductor Corp. (NYSE:NSM) and Solco Choice Electric today announced at the ATRAA 2009 Conference and Exhibition in Canberra that National's SolarMagic® power optimizers would be distributed in Australia by Solco Choice Electric, a Solco Ltd. (ASX:SOO) Group company.

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