S-Energy America To Offer Module Financing Program For Customers

IRVINE, Calif., Jan. 21, 2015 /PRNewswire/ -- S-Energy Co., Ltd. (the "Company" or "S-Energy") (KOSDAQ: 095910), a tier-one Korean manufacturer of high-quality PV solar modules, announced today the newly available financing option to provide more flexible and affordable payment terms for its US customers nationwide. S-Energy America, the wholly owned US operations of S-Energy, provides CVD-free Korean-made modules to major residential, commercial, and utility solar installers throughout North America.

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"Small to large scale installers around the world can assure you that our modules are built to last. It's something I've admired about S-Energy as well and I think our products speak for themselves," said Matt Allen, Director of Sales, Western Region. "However, small installers sometimes do get discouraged from purchasing our products due to monetary conditions and the objective of this program is to provide them with the financial aid needed by our customers."

With the new financing plan, customers will have the option to spread out the cost of their total amount due into more affordable monthly payments and avoid any financial inconveniences. Upon submitting an application, customers will be able to choose from a down payment option of 20 to 50 per cent and have their payment terms vary from 3 to 6 months.

"Our customers seem to suffer from the unstable nature of the solar industry in US as much as we do," said David Kim, President of S-Energy America. "With the recent decisions made on the anti-dumping and countervailing duties on PV products imported into the country, it has become even more challenging for installers and developers throughout the nation to purchase high quality modules at a fair price. Our priority has always been to meet the customer's needs and I believe that our new financing option will be able to lighten the load of our customers."

Continuously building PV modules since 1994, S-Energy is one of the industry's oldest and most experienced manufacturers with its first megawatt-scale facility dating back to 2006. The Company has been included in Bloomberg's list of tier-one module manufacturers and has been ranked as number one for Altman-Z Scores of Quoted Solar Companies. S-Energy has recently opened its US branch in Irvine, California and will continue to expand its operations throughout North and South Americas.

About S-Energy Co., Ltd.:

Started as Samsung Electronics' Solar Division in 1994 and subsequently spun-out as S-Energy (KOSDAQ: 095910), the Company is one of the industry's oldest and most experienced PV module manufacturers. S-Energy is headquartered in Seong-Nam, South Korea and maintains in excess of 30% market share of Korea's domestic PV market. S-Energy, the first renewable energy company listed on the KOSDAQ in 2007, is one of the most financially stable global PV module OEMs with consistent positive operating margin and a low debt to equity ratio. The Company provides module sales and project expertise in North and Latin America through SEAI America, Inc. (doing business as S-Energy America) based in Irvine, California. Learn more at www.s-energy.com/en.

CONTACT: Moon Hong, +82-70-4339-7190, [email protected]

SOURCE S-Energy Co., Ltd.

Related Links

http://www.s-energy.com/en