Enphase Energy Commences Microinverter Shipments from Mexico
01 July 2019 - 10:00PM
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology
company and the world’s leading supplier of solar microinverters,
today announced the first shipment of seventh-generation Enphase
IQ™ microinverters produced in Mexico as part of its expanded
manufacturing agreement with Flex. As previously announced, Enphase
plans to sell products produced in Mexico into the U.S. market to
mitigate tariffs, increase global capacity and improve customer
delivery times.
“In September 2018, we announced the expansion of our
manufacturing partnership with Flex in Mexico to better serve our
customers while maintaining our core competency in product
quality,” said Badri Kothandaraman, CEO at Enphase Energy. “The
hard work of product qualification is now behind us. As we ramp
production steadily over the next two to three quarters, we expect
to reduce our cycle times and streamline our inventory, while
maintaining cost parity and excellent quality. This manufacturing
expansion shows that our collaboration with Flex allows us to
mitigate tariff risk quickly, wherever that risk may arise. I want
to thank Flex for being such a strong partner in our global
manufacturing strategy.”
Seventh-generation Enphase IQ microinverters offer
state-of-the-art power performance, a lightweight and compact form
factor, and provide a simpler and faster installation
experience with revolutionary two-wire AC cabling. Enphase IQ
microinverters leverage Enphase’s 55nm custom ASIC for higher
integration, reliability, upgradeability, and scalability. Enphase
microinverters are used as discrete components by solar installers,
for integration into Enphase Energized™ AC Modules, and are
embedded in Enphase energy storage products.
For more information about advanced solar energy, please visit
the Enphase website.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers
smart, easy-to-use solutions that connect solar generation, storage
and management on one intelligent platform. The Company
revolutionized solar with its microinverter technology and produces
a fully integrated solar plus storage solution. Enphase has shipped
more than 20 million microinverters, and over 895,000 Enphase
systems have been deployed in more than 125 countries. For more
information, visit www.enphase.com and follow the company on
Facebook, LinkedIn and Twitter.
Enphase Energy®, the Enphase logo and other trademarks or
service names are the trademarks of Enphase Energy, Inc. Other
names are for informational purposes and may be trademarks of their
respective owners.
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements related to Enphase Energy’s expected
performance, advantages, quality, and economic benefits of its
technology and products; and its performance in operations,
including reducing cycle times, managing products and inventory,
and mitigating tariff risks. These forward-looking statements are
based on Enphase’s current expectations and inherently involve
significant risks and uncertainties. Actual results and the timing
of events could differ materially from those anticipated in such
forward-looking statements as a result of certain risks and
uncertainties including those risks described in more detail in
Enphase’s most recent Annual Report on Form 10-K and other
documents on file with the SEC and available on the SEC’s website
at www.sec.gov. Enphase Energy undertakes no duty or obligation to
update any forward-looking statements contained in this release as
a result of new information, future events or changes in its
expectations, except as required by law.
Images Available:
http://go.enphase.com/enphase-media-room
Contact: Christian Zdebel, pr@enphase.com,
484-788-2384
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