SPARQ Systems Inc., a developer of smart microinverters for photovoltaic (PV) power systems, has closed a new round of financing, raising $Subscriber content.
Kingston, Ontario based SPARQ Systems, a spin-off company of Queen’s University through PARTEQ Innovations, has developed an efficient and low-cost microinverter solution that produces more AC power from PV panels for longer periods under lower light and partial shadowing conditions.
SPARQ recently entered into a partnership agreement with Sanmina-SCI Corporation (NASDAQ: SANM) to manufacture new microinverters and communications hubs for solar photovoltaic (PV) systems for the consumer market. The solar inverters will be produced for the Canadian market at Sanmina-SCI’s Ottawa facility, which is certified for Ontario’s Feed-in Tariff (FIT) program, and at Sanmina-SCI’s worldwide regional facilities for global demand.
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