October 4, 2022

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Enphase Vitality to Receive the Solar Style and design Companies Organization of DIN Engineering Solutions

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FREMONT, Calif., Feb. 08, 2021 (World NEWSWIRE) — Enphase Vitality, Inc. (NASDAQ: ENPH), a world wide energy administration technological know-how business and the world’s leading provider of microinverter-centered photo voltaic-plus-storage devices, currently announced that it has agreed to get the Solar Structure Solutions business enterprise of DIN Engineering Products and services LLP. Based mostly in Noida, India, the business enterprise is a main service provider of outsourced proposal drawings and permit approach sets for residential photo voltaic installers in North The us.

DIN’s Photo voltaic Style Services organization has additional than a 10 years of working experience performing with neighborhood jurisdictions in the U.S. DIN leverages this knowledge to streamline the proposal and permitting method for installers.

The acquisition is anticipated to deliver the subsequent positive aspects:

  • Features Enphase’s installers new solutions by giving proposal drawings and allow prepare sets
  • Provides sizeable methods to accelerate automation and present ideal-in-class buyer assistance
  • Integrates into the Enphase’s Enlighten™ electronic platform, advancing Enphase’s aim to simplify and speed up the conclude-to-conclude income approach across the residential photo voltaic industry

“We are happy to join forces with the Photo voltaic Style Solutions business enterprise to be acquired from DIN Engineering Expert services,” claimed Jeff McNeil, main functioning officer of Enphase Strength. “We seem ahead to welcoming DIN’s recent installers to Enphase upon near. We believe DIN’s proposal and permit plan expert services will gain Enphase’s installers by enabling them to better make the most of their constrained sources to emphasis on other important places of their small business.”

“DIN’s Photo voltaic Structure Providers business has crafted a reputation for delivering large quality expert services to major household installers in the photo voltaic sector,” explained Anuj Gupta, CEO of DIN Engineering Services LLP. “I am thrilled to join forces with Enphase. We expect to carry our knowledge to Enphase’s installers by giving fast, correct, and price tag-efficient expert services, enabling them to emphasis on their main advantage of selling and installing solar and storage programs.”

“This acquisition offers installers a very clear prospect to simplify their product sales and installation process,” claimed Badri Kothandaraman, president and CEO of Enphase Power. “We search forward to working with the talented workforce at DIN, leveraging their 10+ many years of practical experience performing with U.S. jurisdictions to assistance minimize photo voltaic soft prices and improve the in general installer working experience.”

The acquisition is matter to customary closing circumstances and regulatory approvals and is anticipated to near by March 31, 2021.

About Enphase Vitality, Inc.

Enphase Energy, a international energy technology business, provides sensible, straightforward-to-use answers that deal with photo voltaic era, storage and communication on 1 clever system. The Firm revolutionized the solar business with its microinverter engineering and provides a totally integrated solar-moreover-storage option. Enphase has delivered extra than 30 million microinverters, and about 1.3 million Enphase-dependent methods have been deployed in more than 130 nations around the world. For far more information, go to www.enphase.com and comply with the firm on Fb, LinkedIn and Twitter.

Enphase Electrical power, Enphase, the E brand, Enlighten, and other logos or services names are the logos of Enphase Energy, Inc. Other names are for informational needs and might be trademarks of their respective homeowners.

About DIN Engineering Expert services LLP

DIN Engineering Companies LLP, dependent in Noida, India, is a chief in solar engineering style solutions. The business gives earth-class, multi-willpower, and multi-platform engineering style and design and drawing products and services covering finish-to-finish in BIM, CAD, GIS, and staff augmentation to its global clientele. The Photo voltaic Style and design Expert services business presents outsourced proposal drawings and allow deals for residential installers with a swift turnaround time and all around the clock operations. For far more info, pay a visit to https://www.dinllp.com and stick to the firm on LinkedIn.

Forward-Wanting Statements

This push launch has ahead-seeking statements (these kinds of as statements in the future tense and statements which include “anticipate,” “believe,” “enhance,” “expect,” and comparable conditions and principles), together with statements associated to the anticipated positive aspects of the transaction, the predicted capabilities and functionality of Enphase Energy’s and the Photo voltaic Layout Services business’s technologies and merchandise, which include operational and costs enhancements for photo voltaic installers our company technique, which includes expansion and the marketplace adoption of our merchandise and the predicted home-owner and installer experiences in the quoting, product sales and installation process. These forward-wanting statements are based mostly on Enphase’s present anticipations and inherently involve major pitfalls and uncertainties, such as, but not minimal to, the threat that the transactions are terminated prior to closing or the connected transactions do not in any other case near (or near on terms diverse than what has been agreed as of the day hereof), and the parties’ failure or incapability to carry out their respective obligations below the relevant transaction agreements. True effects and the timing of gatherings could vary materially from those people anticipated in this sort of ahead-searching statements as a final result of selected risks and uncertainties, like people challenges explained in much more depth in Enphase’s most latest Yearly Report on Type 10-K and other files on file with the SEC and offered on the SEC’s website at  www.sec.gov. Enphase Energy undertakes no responsibility or obligation to update any forward-looking statements contained in this launch as a result of new information, upcoming events or changes in its anticipations, other than as demanded by regulation.

Enphase Get in touch with:

Adam Hinckley
Enphase Electrical power, Inc.
Investor Relations
[email protected]
+1-707-763-4784, x. 7354