Mitsubishi Electric Announces New Photovoltaic Modules for Stand-Alone Systems

TOKYO--(Business Wire)--
Mitsubishi Electric Corporation (President and CEO: Setsuhiro Shimomura) (TOKYO:
6503) announced today the launch of four new models of photovoltaic (PV) modules
for the worldwide market, suitable for use in stand-alone solar power generation
systems in the midlands of the USA and in regions where the local
electrification infrastructure is insufficient or non-existent, such as in
remote areas of developing countries. Shipment will begin on April 10, 2009.

Summary of Sale
Product Model Cell type Maximum Number Price Shipping date

power rating
of cells
Photovoltaic PV-EE130MF5F Polycrystalline 130Wp 36 pieces Quoted April 10,

Module for
silicon (9 x 4)
upon
2009

Stand-alone
consultation

Systems
PV-EE125MF5F 125Wp
PV-EE120MF5F 120Wp
PV-EE115MF5F 115Wp

Aim of Sale

The PV systems market has been rapidly expanding globally due to increasing
environmental concerns, as seen in worldwide efforts to reduce carbon dioxide
emissions to prevent global warming. The PV market of the USA, in particular,
has been gaining greater momentum with the introduction of environmental
initiatives within the new stimulus plan, and enhancements in government
subsidies. Mitsubishi Electric expects the USA market volume to surpass 1 GW by
2012, with stand-alone systems that power streetlights, traffic lights, water
pumping systems for sprinklers and other equipment making up 20% of the demand.

Meanwhile, countries in Asia and Africa with areas that lack power plants, power
lines, and other infrastructure are promoting projects to install stand-alone PV
systems in order to meet electricity needs.

Mitsubishi Electric`s new lineup of PV modules for stand-alone systems consists
of models with outputs from 115W to 130W. Compared to the company`s previous
models, the new models have specifications more suitable for off-grid
installation environments in the midlands of the USA and remote areas in
developing countries. Mitsubishi Electric will attempt to meet the diverse
demands of various countries and usage patterns.

Mitsubishi Electric plans to expand its annual production capacity to 600
megawatts in fiscal 2012 (April 1, 2011-March 31, 2012). The company has also
enhanced its PV business by forming a new division, the Photovoltaic Systems
Division, in the Living Environment & Digital Media Equipment Group as of April
1, 2009. Mitsubishi Electric will continue to promote PV systems worldwide, thus
contributing not only to the prevention of global warming in developed
countries, but also to enhance social infrastructure in developing countries.

Main Features

1) Junction box dedicated to stand-alone PV systems makes installation easy and
enhances safety

The new models are equipped with a junction box dedicated to stand-alone PV
systems, taking into consideration the remote installation environments that
they are often used in. The lid does not separate from the box, and can stay
open at a fixed angle, enabling easier cable installation. This junction box was
first adopted in Mitsubishi Electric`s small-size PV modules announced August
27, 2008, with its patents pending. A highly flame-retardant mica sheet has been
added to the inside of the junction box lid, enhancing safety. In the rare event
of fire caused by a faulty or incorrect connection when installed, the sheet
will prevent flames from spreading outside the junction box.

2) Power voltage appropriate for stand-alone systems

The modules each consist of 36 PV cells, and their operating voltages are
suitable for a 12V rechargeable battery, which is most widely used in
stand-alone PV systems.

3) Lead-free solder reduces negative impact on the environment

These modules use solder containing zero lead (0g), minimizing negative impact
on the environment.

Main Specifications
Product Photovoltaic Modules for Stand-alone Systems
Model PV-EE130M PV-EE125M PV-EE120M PV-EE115M

F5F
F5F
F5F
F5F
Cell type Polycrystalline silicon
Number of cells 36 pieces (9 x 4)
Maximum power rating [Pmax] 130W 125W 120W 115W
Maximum power voltage [Vmp] 17.4V 17.3V 17.2V 17.1V
Maximum power current [Imp] 7.47A 7.23A 6.99A 6.75A
Maximum system operation voltage 600V
Tolerance +10%/-5%
Weight 13.0 kg (28.7lbs)
Dimensions 1495 x 674 x 46 mm (58.9.0 x 26.5 x 1.81 inch)
Module conversion efficiency 12.9% 12.4% 11.9% 11.4%
Certifications IEC 61215 Second Edition 2, IEC61730, UL1703,

ULC/ORD-C1703-1
Ambient temperature -20 to 40 degrees C

About Mitsubishi Electric

With over 80 years of experience in providing reliable, high-quality products to
both corporate clients and general consumers all over the world, Mitsubishi
Electric Corporation (TOKYO: 6503) is a recognized world leader in the
manufacturing, marketing and sales of electrical and electronic equipment used
in information processing and communications, space development and satellite
communications, consumer electronics, industrial technology, energy,
transportation and building equipment. The company recorded consolidated group
sales of 4,049.8 billion yen (US$ 40.5 billion*) in the fiscal year ended March
31, 2008. For more information, visit http://global.mitsubishielectric.com

*At an exchange rate of 100 yen to the US dollar, the rate given by the Tokyo
Foreign Exchange Market on March 31, 2008

Mitsubishi Electric Corporation
Product Inquiries
Ikumasa Kojima, +81-573-66-8019
Marketing Department, Nakatsugawa Works
Kojima.Ikumasa@ah.MitsubishiElectric.co.jp
http://global.mitsubishielectric.com/solar

Media Contact
Yurika Fujimoto, +81-3-3218-3380
Public Relations Division
prd.gnews@nk.MitsubishiElectric.co.jp
http://global.mitsubishielectric.com/news/

Copyright Business Wire 2009