Adding yet more competition to an already crowded solar photovoltaic (PV) inverter market, Sustainable Energy Technologies raised US$1 million in a non brokered issue to fund the commercial production of its 5 kW grid interactive solar inverter.Calgary, Alberta – January 20, 2004 [SolarAccess.com] The company will issue 2,610,000 flow through shares at a price of $0.25 per common share, for an aggregate consideration of $645,000. The issue is structured to allow subscribers to deduct for income tax purposes, a portion of the expenses incurred by the Company during 2003 in completing the commercialization of the solar inverter to a maximum of the amount invested by them. Management will invest $100,000 to acquire 400,000 common shares. The company will issue 1,440,000 million units at a price of $0.20 per unit for an aggregate consideration of $288,000. Each unit consists of one common share and one half of a common share purchase warrant exercisable until January 15, 2005, at a price of $0.30 per share. The company will also issue 371,000 common shares at a price of $0.20 per share for an aggregate consideration of $67,000. Subscribers will not be entitled to deduct any portion of their investment for income tax purposes. The company will pay a finders fee of $36,600 and 118,000 warrants to acquire common shares exercisable for a period of one year from closing at a price of $0.25 per share. As with most similar business arrangements, the completion of this offering is subject to regulatory approval.