Day4 Energy Inc., a solar electric technology developer and manufacturer of solar modules, has signed a long-term manufacturing supply agreement with Jabil Circuit Inc., a global electronic solutions company.
Under the terms of the multi-year agreement, Jabil will purchase from Day4 Energy certain equipment required for the manufacture and supply of modules and produce Day4 Energy's brand of modules for residential and commercial applications.
‘The outsource strategy is a key component of our business plan, offering a number of advantages, including a step-function improvement in our cost structure with substantial photovoltaic module assembly cost savings, significant working capital expense reduction, and a natural hedge to foreign exchange effects by geographically aligning our production with our key sales locations,’ states George Rubin, president of Day4 Energy.
SOURCE: Day4 Energy Inc.
