SOLCO AND SOLAREDGE PARTNER TO MAXIMIZE SOLAR POWER HARVESTING IN AUSTRALIA

Hod Hasharon, Israel and Perth, Australia – May 31, 2010, As a result of close collaboration, Solco and SolarEdge today announced a joint partnership agreement for the supply of a distributed power harvesting solution that will maximize power generation throughout a solar photovoltaic system’s 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. “Our partnership reflects the intensive quest by both companies to create highly efficient and cost-effective PV systems. The combination of SolarEdge technology and Solco’s 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.

About Solco Ltd

Solco’s main activities are in large system supply and install, and, wholesale and distribution, of solar power and pumping solutions across Australia and overseas. Solco wholesale supply imported and locally-sourced products through its subsidiary Solco Choice Electric. We cater for large projects, corporate and government clients directly; whereas small commercial, residential and rural customers are managed by our distributor and installer network. Solco is listed on the Australian Stock Exchange (Ticker ASX: SOO). For more information visit our website: www.solco.com.au.

About SolarEdge

SolarEdge provides the world's first end-to-end Distributed Solar Power Harvesting and PV Monitoring solution, allowing maximum energy production at a lower cost. The SolarEdge PowerBoxes™ are DC-DC power optimizers that perform MPPT per individual panel while monitoring performance of each panel and communicating across existing power lines. Moreover, PowerBoxes always maintain a fixed DC string voltage, allowing optimal efficiency of the SolarEdge PV inverter, which is tailor made to work with power optimizers. As a result, the SolarEdge system provides more power from any given PV system installation, eliminates design constraints, provides complete panel-level and whole-system visibility for monitoring and maintenance alerts, solves all safety hazards and provides anti-theft mechanisms, all while reducing the cost of energy. The company works with industry-leading partners to embed its active electronics directly into PV panels. SolarEdge is online at www.solaredge.com.

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