MAGE SOLAR and De Lage Landen Initiate Partnership Program

DUBLIN, Georgia, July 8, 2011 /PRNewswire/ -- MAGE SOLAR USA, part of the globally operating MAGE GROUP, is pleased to announce that it has entered an Extended Terms Program with De Lage Landen Commercial Finance (CF) to provide an exceptional financing plan for the customers of the complete PV system provider.

The program offers qualifying integrators an alternative, cost-effective source of financing for the company's high-performing MAGE POWERTEC PLUS modules, its intelligent mounting systems and brand name inverters. MAGE SOLAR partners, who are eligible to participate in the program, have the opportunity to receive advances on all equipment purchases and choose among different financing options to optimize their cash flow management.

"We look forward to a thriving partnership with De Lage Landen Commercial Finance," says MAGE SOLAR USA President and Chief Operating Officer Joe Thomas. "Being able to purchase our products with more ease and the backing of a strong and reliable partner like De Lage Landen, is a huge benefit to our integrator partners. Maximizing profits by eliminating long approval waiting periods is a tremendous plus in the booming PV-market and will give MAGE SOLAR's program partners yet another smart competitive edge."

"This is an exciting opportunity for De Lage Landen to provide MAGE SOLAR and their partner's with an alternative option to the standard funding approach. By understanding not only the demand for financing within the solar industry, but also the need for flexibility, we have developed a unique program available to MAGE SOLAR partners," says John C. Reed, President – De Lage Landen Commercial Finance. "We are proud to support MAGE in bringing cash flow flexibility to their channel and helping to grow their relationships with developers, integrators and installers," adds Steve Sullivan, Business Development – Clean Technology.

This agreement is available immediately and interested customers should contact MAGE SOLAR for details.

MAGE SOLAR – New Energy For A New World

MAGE SOLAR USA, headquartered in Dublin, GA, specializes in complete solar systems and provides high-quality photovoltaic modules, intelligent mounting systems and highperformance brand inverters. As a subsidiary of the international MAGE GROUP, it uses the Group's 35 years of know-how to develop optimally coordinated system solutions. A competent partner network guarantees profitable solar energy systems for customers throughout North America and in thirteen further countries.

For more information, please visit: www.magesolar.com.

De Lage Landen

De Lage Landen, a fully owned subsidiary of Rabobank Group, specializes in asset-based financing programs for equipment manufacturers, dealers and distributors all over the world. Our programs cover our customers' total distribution chain, as well as the entire lease lifecycle. We offer customers a single source for leasing, administration, risk and asset management solutions. De Lage Landen's diversified solutions include car leasing in the European market and consumer finance and factoring in the Dutch home market. Establishing a close and long-lasting relationship with our customers is at the heart of our company culture. This requires a genuine interest in and a thorough understanding of our customers' business needs and goals. We partner with our customers to tailor solutions and develop programs that support mutual growth and profitability.

We care not only about our customers, but also about the communities in which we operate. We strive to have a positive social and environmental impact through our products and the way we conduct business.

For more information, please visit our website: www.delagelanden.com.

Visit MAGE SOLAR at Intersolar North America booth #7223, Level 1, from July 12-14, 2011, at the Moscone Center in San Francisco, California.

SOURCE MAGE SOLAR Projects, Inc.