PAE inks distribution pact with Schneider Electric

Friday, Feb 26, 2010

PAE (PAE) has entered into an agreement with Schneider Electric India for distribution of their Xantrex range of products in India. The Xantrex range of products consists of solar invertors, solar invertor/chargers, and solar charge controllers.

These products will be distributed to system integrators and end-customers by PAE through its nation-wide network of 30 branches and large number of dealers. In addition to distribution, PAE will also be providing system integration, installation and after sales services for renewable energy solutions to its customers.

The Xantrex range of products complements PAE`s existing product portfolio consisting of a battery charging and grid range of CIGS solar panels, a complete range of storage batteries and other power electronics products.

Pritam A. Doshi, Executive Director and chief executive officer (CEO), PAE, said, ``PAE has long recognized that it is important for it to associate and distribute products from a global leader in renewable energy and electrical products; and Schneider Electric is exactly what we were looking for. It is important to provide to the renewable energy industry, reliable and efficient photovoltaic power electronics with the sales and aftersale service network of a 60-year old established entity. This partnership will go a long way in ensuring the success of the 20,000 mw of Jawaharlal Nehru Solar Mission Programme announced by the Prime Minister recently.

Shares of the company gained Rs 0.2, or 0.52%, to settle at Rs 39. The total volume of shares traded was 5,920 at the BSE (Thursday).

Source: Myiris