Enphase Energy Expands Manufacturing Capacity with Flex in Mexico
September 12 2018 - 8:00AM
Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology
company and the world’s leading supplier of solar microinverters,
today announced that it has expanded its manufacturing agreement
with Flex to include the company’s facilities in Mexico. Starting
in Q2 of 2019, Flex will begin delivering Enphase products produced
in Mexico to the US market as part of a mitigation plan for the
impending USTR Section 301 tariff in the US.
“Flex has been a great manufacturing partner and has helped
Enphase add an additional manufacturing line in Mexico,” said Badri
Kothandaraman, CEO at Enphase Energy. "Flex provides a cost-neutral
path to scale our current products and bring up new products
faster. This increased agility will help Enphase better serve our
customers globally by cutting down cycle times, streamlining
inventory and mitigating tariffs.”
“Flex supports the most innovative companies in the world –
those that push the envelope in technology and align with our
ambition to help build a smarter, more sustainable world with
connected energy solutions,” said Scott Graybeal, senior vice
president of Energy Solutions at Flex. "Enphase is a leader in this
area with a product philosophy founded on semiconductor innovation
and dedication to the highest levels of product quality and
reliability. Expanding our collaboration to Mexico will support
this growing market with a responsive, regional manufacturing
approach.”
With over 200 patents, Enphase continues to drive
differentiation through innovation and meet the changing needs of
residential solar customers in markets around the world.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company, delivers
smart, easy-to-use solutions that connect solar generation, storage
and management on one intelligent platform. The Company
revolutionized solar with its microinverter technology and produces
the world’s only truly integrated solar plus storage solution.
Enphase has shipped over 17 million microinverters, and more than
790,000 Enphase systems have been deployed in over 120 countries.
For more information, visit www.enphase.com and follow the
company on Facebook, LinkedIn and Twitter.
Enphase Energy®, the Enphase logo and other trademarks or
service names are the trademarks of Enphase Energy, Inc.
About Flex
Flex is the Sketch-to-Scale® solutions provider that designs and
builds Intelligent Products for a Connected World®. With
approximately 200,000 professionals across 30 countries, Flex
provides innovative design, engineering, manufacturing, real-time
supply chain insight and logistics services to companies of all
sizes in various industries and end-markets. For more information,
visit www.flex.com or follow us on Twitter @flexintl. Flex – Live
Smarter®
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements related to Enphase Energy's financial
performance, market demand and expected availability dates for its
products, expected performance and advantages of its technology,
and market trends. These forward-looking statements are based on
Enphase's current expectations and inherently involve significant
risks and uncertainties. Actual results and the timing of events
could differ materially from those anticipated in such
forward-looking statements as a result of certain risks and
uncertainties including those risks described in more detail in
Enphase’s most recent Annual Report on Form 10-K and other
documents on file with the SEC and available on the SEC's website
at www.sec.gov. Enphase Energy undertakes no duty or obligation to
update any forward-looking statements contained in this release as
a result of new information, future events or changes in its
expectations, except as required by law.
Images Available:
http://go.enphase.com/enphase-media-room
Contact: Christian Zdebel, pr@enphase.com,
484-788-2384
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