SBGSY Schneider Electric SE (PK)

Xantrex (Schneider Electric) Partners with Canadian Energy to Grow Canadian Mobile Inverter and Accessory Market

BURNABY, BRITISH COLUMBIA--(Marketwired - Jun 23, 2014) - Schneider Electric (PINKSHEETS:SBGSY), a global energy management power house and parent company of Xantrex, is pleased to announce a new strategic partnership with Canadian Energy Corp for distribution of Xantrex branded products in Canadian markets including among others commercial trucks, as well as recreational, marine, mining, golf cart, and fleet service vehicles.

Under the multi-year agreement Canadian Energy Corp becomes the largest distributor of Xantrex branded inverters, inverters with built-in charger, battery chargers, and accessories for mobile applications across all markets in Canada.

This new distribution model for the Schneider Electric's Xantrex branded product offering is the first of its kind in any geography and will bring improved customer experience in an exciting and competitive mobile market.

"Our partnership with Canadian Energy Corp has reached new heights and we are excited to have this long-term commitment in place. This agreement is part of a larger strategic plan that includes solar products from our parent Schneider Electric. Canadian Energy Corp has been a significant partner for many years with consistent strong sales across the country, incredible commitment to our mutual customers in addition to operating a full service authorized service centre. Their vast geographical reach and experience in markets critical to Xantrex's growth makes them an ideal partner to expand services with and represent us in Canada. Under the new agreement we will be making investments in new programs such as expanded dealer training", said Richard Gaudet, Vice President of Xantrex Branded Business at Schneider Electric.

"This alliance will provide an improved customer experience by reducing lead times through local access to inventories, increasing the pre and post sales service and support bringing expertise closer to our smaller partners and end customers, and improving access to Xantrex's industry leading technologies all of which our smaller partners may also benefit from," added Gaudet.

"The fact that we are the lone national master distributor of Xantrex inverters, inverters with built-in charger, battery chargers, and accessories in Canada is a significant development for the advancement of mobile energy management in Canada. We are proud to have forged this partnership with a globally bankable partner like Xantrex and will continue to offer and provide our customers with the best-backed products and local support anywhere in Canada," says Craig Ballard, CEO for Canadian Energy.

Canadian Energy is a national distributor with over 20 branch locations, two (Calgary and Ontario) distribution and service hubs, and over 30 dedicated regional sales representatives.

About Xantrex

The Xantrex brand, owned by Schneider Electric, is one of the most successful and popular brands of onboard AC power technology. Xantrex products are used in a variety of applications in the RV, marine, military, construction, EMS, bus, work service vehicle and commercial truck markets. Xantrex ensures its products are put through extensive reliability testing and certifies its products to comply with various regulatory standards to meet or exceed the applicable requirements for safety, quality, efficiency and environment. With more than three decades of design, engineering and manufacturing experience backed by Schneider Electric's global infrastructure, Xantrex power solutions offer an enviable mix of advanced technology and unmatched bankability.

About Canadian Energy

With over 60 years of industry experience, Canadian Energy is the 100% Canadian owned and operated leader in design, manufacturing, and sales of stored energy and renewable energy solutions in Canada.

Canadian Energy™ is one of the fastest growing companies in Canada and to stay on top we continue to make substantial investments in infrastructure, leading technologies, and products to keep pace with the dynamic renewable energy market. Our national distribution network of over 20 warehouse locations provides our customers with a one-stop-shop, responsive & reliable distribution and product expertise from coast to coast.

We are the exclusive master distributer of: Schneider Electric Conext SW, Conext XW, Conext, ComBox, Conext MPPT Solar Charge Controllers and Battery based balance of systems, DOW Powerhouse Solar Shingles and Xantrex mobile inverters and accessories.

We are committed to have the highest quality products in our industry, backed by the best warranty in Canada. We offer unprecedented support for our customers and providing solutions for the most challenging problems in the most extreme applications. Our goal is to be the industry leader in renewable energy generation and storage in Canada. For more information, please visit http://www.cdnrg.com.

For more information about Schneider Electric visit www.CDNRG.com/schneider. For more information about DOW POWERHOUSE visit www.CDNRG.com/powerhouse. For more information about Xantrex visit www.CDNRG.com/xantrex. You can also follow Canadian Energy™ on Facebook (www.facebook.com/CanadianEnergy), Twitter (@Canadian_Energy), Instagram (Canadian_Energy) and via YouTube (CDNRG).

Canadian EnergyDave CartwrightPhone: +1 250 863 7975dcartwright@cdnrg.comyoutube.com/CDNRG