Kitron to supply a complete suite of EMS services to BRC Solar
October 18 2023 - 1:50AM
Kitron to supply a complete suite of EMS services to BRC Solar
(2023-10-18) BRC Solar GmbH has chosen Kitron to produce the
Power Optimizer, an innovative new product that improves the
performance of solar panels.
The value of the agreement is expected to reach an annual level
of approximately EUR 10 million within three years. Production will
take place at Kitron’s facility in Lithuania.
“We are proud that BRC Solar, a dynamic company in the growing
solar industry, has trusted Kitron with the production of this
exciting product, which targets a booming market and fits perfectly
with Kitron’s focus on electrification as a megatrend and growth
driver,” says Mindaugas Sestokas, Managing Director of Kitron
Lithuania and VP Central Eastern Europe.
The performance of solar panels degrades when some modules
connected in series are shaded or if modules have different
alignments or inclinations. The Power Optimizer solves these
problems and can be combined with a variety of panels and inverters
already on the market.
Kitron will produce the full Power Optimizer product, from
printed circuit board assembly to top-level assembly and testing.
Because of the high quantities expected, production will be highly
automated.
“We were looking for a top-notch EMS partner in Eastern Europe
and chose Kitron because of its technical competencies and
experience, automatization solutions, high quality of services and
capacity possibilities. We look forward to ramping up this
partnership as the Power Optimizer hits the market,” says Pascal
Ruisinger, Managing Director of BRC Solar.
For further information, please contact:Peter Nilsson, President
and CEO, tel.: +47 948 40 850Mindaugas Sestokas, Managing Director,
Kitron Lithuania and VP Central Eastern Europe, tel.: +370 685
25557E-mail: investorrelations@kitron.com
Kitron is a leading Scandinavian electronics manufacturing
services company for the Connectivity, Electrification, Industry,
Medical devices and Defence/Aerospace sectors. The group is located
in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech
Republic, India, China and the United States. Kitron has about 3
200 employees, and revenues were EUR 641 million in 2022.
www.kitron.com
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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