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ET Solar, a Nanjing-based PV system turnkey solution service provider and integrated manufacturer of downstream PV products, today announces a large annual module supply agreement with PM Service Srl. (PM Service). Under the agreement, ET Solar will supply 50MW of mono and multi-crystalline PV modules to PM Service in 2011.
Headquartered in Florence, PM Service is a fast growing PV product distribution and consulting company with an extensive national sales and marketing network in Italy. ET Solar has been PM Service's major PV module supplier for about 3 years and this agreement has the largest annual supply volume.
Mr. Dennis She, Chief Executive Officer of ET Solar, commented, "The transaction is an important step to take our relationship with PM Service to the next level. Over the past three years, ET Solar and PM Service were very successful with the co-marketing strategy to grow our market share in Italy. We look forward to replicating our past success as we enter into 2011 when the Italian PV market development intensifies."
Mr. Massimo Innocenti, Chairman of PM Service, commented, "As one of the leading PV product distributors in Italy, we view supplier relationship as a critical factor to our growth. With an excellent track record with ET Solar, we have strong convictions that we will continue to strengthen our competitive position and expand our footprint in the fast growing Italian PV market."
Mr. Andrea Parrini, Chief Executive Officer of PM Service, added, "We are particularly excited with the integration roadmap that ET Solar is executing now. Higher level of integration will further ensure product quality and customer satisfaction."
About ET Solar
ET Solar is a vertically integrated downstream solar power product manufacturer and turnkey solution service provider. With local sales and marketing subsidiaries and offices in Asia, Europe, and North America, ET Solar has provided solar modules, solar tracking systems and turnkey solution services to its customers in over 50 countries.
About PM Service
PM Service is one of the first Italian distributors for components and services for gird connected and stand-alone photovoltaic installations, thermal installations, wind installations and lighting energy saving systems. Established in 1999, PM Service is headquartered in Florence, with 11 agencies and sales offices all over Italy.
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