SolarEdge Announces Opening of European Headquarters

Dresden, Germany Office Opening Meets Growing Demand for PV Power Harvesting Systems to Maximize Power Generation of Each Module throughout the Solar Lifecycle

Hertzlia, Isarel - September 18, 2009 -- SolarEdge, an innovative solar power harvesting provider, today announced the opening of a new European office. Located in Dresden, Germany, SolarEdge’s European office will provide sales and technical support for the company's solar power harvesting and monitoring systems.

“Germany has long played a pioneering role in the development of the European solar industry and has been an early adopter of SolarEdge’s breakthrough power harvesting technology. It is a natural fit for SolarEdge to open our European headquarters within the world’s largest PV market,” said Zvi Lando, vice president of sales at SolarEdge. “This location will allow us to quickly and thoroughly execute an aggressive distribution strategy with dedicated support for customers and partners in key markets like Germany and throughout Europe--areas that are quickly realizing the dramatic potential to maximize power generation of PV sites with SolarEdge, while reducing costs and complexities.”

Among these partnerships includes strategic alliances for SolarEdge with Germany’s SCHOTT and Gehrlicher. SolarEdge's distributed power harvesting and monitoring system tackles common solar performance problems, such as lost electricity production from partial shading and other glitches in the electronic equipment that transports power between the panels. The SolarEdge system sells at the cost of standard inverters with a multitude of added benefits, including:

• MPPT Circuit Per Panel - maximizes power harvesting and solves panel mismatch and partial shading power losses
• Fixed String Voltage - ensures operation at the highest efficiency at all times, independent of string length and temperature, enabling constraint-free site design, full site space utilization, reduced installation time and maintenance costs
• In-panel Electronics - improves safety for installers, electricians and firefighters
• Power-line Communication - offers a new level of system feedback and monitoring capabilities including module-level monitoring and theft prevention

About SolarEdge

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.