International Business Awards Honor SolarEdge As A European Leader In Innovation

Hod Hasharon, Israel —July 12, 2010 SolarEdge Technologies, an innovative provider of distributed solar power harvesting and PV monitoring solutions, was named today a Distinguished Honoree in the category of "the Most Innovative Company of the year in Europe" for 2010, by the International Business Awards.

Honorees were selected from more than 1,700 entries received from organizations and individuals in more than 40 countries. Organizations all over the world are eligible to compete in The International Business Awards, and can enter in any of more than 40 categories from Multinational Company of the Year and Best New Product of the Year to Corporate Social Responsibility Program of the Year and Executive of the Year. The competition for Most Innovative Company of the Year is consistently hotly contested.

SolarEdge delivers the world’s first end-to-end Distributed Power Harvesting and PV Monitoring solution, providing a unique approach to boosting PV system output. The SolarEdge system allows for an increase in energy of up to 25% from any PV installation, and is comprised of power optimizers, which are per module DC-DC power optimizers, a simplified solar inverter, and module-level solar monitoring software. The power optimizers allow for the optimal efficiency of the SolarEdge PV inverter by maintaining a fixed DC string voltage. Furthermore, the power optimizers perform MPPT per panel while monitoring the performance of each panel and communicating across existing power lines.

Honorees were determined through two rounds of judging by professionals worldwide.

“Despite the harsh economic climate, entries to the IBAs actually grew a bit this year, and that illustrates the increasing importance of The International Business Awards worldwide,” said Michael Gallagher, president of The Stevie Awards, presenters of the IBAs. “We congratulate all of the honorees, and we look forward to recognizing them for their achievements at our gala awards dinner in Istanbul on 27 September.”
Complete lists of honorees and other details are available at www.stevieawards.com/iba.

About The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

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