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HaWi and SolarEdge Announce Partnership

Companies to provide an innovative solar power harvesting solution.

 Eggenfelden near Munich and Herzlia, Israel—September 21, 2009—HaWi Energietechnik AG, a European leader in solar power system planning and distribution and SolarEdge Technologies have announced a strategic partnership in which HaWi will offer the SolarEdge innovative power harvesting solution to its customers. HaWi is headquartered in Germany, and has additional offices in Italy, Spain, France, Greece and soon Israel.

The announcement follows over six months of cooperation during which the SolarEdge solution was tested by HaWi in comparison to traditional inverters, under a variety of real-life conditions.

“The features and possibilities the SolarEdge system provides are very impressive” said Hans Wimmer, HaWi CEO. “Our company regularly encounters cases where SolarEdge can provide our customers with unprecedented value. We are excited to add the innovative SolarEdge system to our portfolio of solutions we provide to the solar market. We look forward to continuous cooperation with fruitful results.”

“We are thrilled to enter what is sure to be a successful partnership with a solar industry leader,” said Guy Sella, Chairman, CEO and Founder of SolarEdge. “We are confident the cooperation between HaWi, a prominent company in the solar market, and SolarEdge, with its unique technology, will result in benefits to both companies and to the entire solar market.”

The SolarEdge solution is unique in offering not only a module-embedded power optimizer for optimized module-level Maximum Power Point Tracking, but also a simplified, highly reliable solar inverter, and built-in module-level monitoring. The SolarEdge solar PV inverter maintains fixed string voltage, thus removing string sizing limitations. The result is a highly beneficial system: energy generation is increased, maximum flexibility is achieved due to the removal of design constraints, exceptional safety mechanism overcomes DC voltage hazards, and an online monitoring portal provides unparalleled fault detection and management. This enables SolarEdge to offer an optimal end-to-end solution at a competitive price offering.

About HaWi Energietechnik AG
HaWi Energietechnik AG is a leading company in the planning and distribution of solar power systems. It also manufactures small wind turbines and block-type thermal power stations using the latest technology. As a specialist wholesale supplier, HaWi provides its business partners throughout Europe with grid-linked and grid-independent solar power systems, as well as wind turbines and block-type thermal power stations. It advises and supports companies in the planning and development of their projects, and supplies components as well as complete systems, giving it a comprehensive range of services and products in the field of renewable energy.

About SolarEdge Technologies
SolarEdge is a provider of smart, holistic PV power harvesting and monitoring solutions for maximum energy at a lower cost per watt. The company works with industry-leading partners to embed its active electronic solution directly into PV panels. Unlike centralized architectures that cannot optimize the power of each panel, only SolarEdge performs MPPT per panel while communicating across existing power lines for granular visibility and control. As a result, the SolarEdge systemic approach provides more power from any given installation, eliminates design constraints, provides complete visibility, solves all safety issues and provides anti-theft, all while reducing the cost of energy. SolarEdge is online at www.solaredge.com.