This document provides an overview of APsystems, a leading microinverters supplier. It discusses the company's history of innovations in solar microinverter technology protected by 44 patents. APsystems has over 20,000 installations monitored worldwide reaching over 250 MWp in 2015. The company is ISO 9001 certified and offers up to 20 year warranties on its microinverters and monitoring systems.

1. 1
March 30th , 2016

2. Founded in
Sillicon Valley
in 2009
More than 20 000 installations
monitored worldwide, reaching
over 250 MWp in 2015
World’s second-largest
Microinverters supplier by
shipment in 2014*
* : according to Green Tech Media and IHS Analysts firms.
ISO 9001:2008
QA Certified
Technology protected
by 44 patents
Leading the industry in
Solar Microinverter Technology

3. Procurement
and Manufacturing
• ISO 9001:2008 ; ISO 14001:
2004 certified
• Partnership with TDG
Technology- world-class
contract manufacturer
Designed
for 25+ Years
• R&D center based in Sillicon Valley, US
• World’s largest Module Level Power
Electronics systems offering
• Warranty up to 20 years
• 20 000 hours accelerated life testing
• Outdoor testing
• IP67 enclosure rating
Innovation and Performance
System Monitoring/
Management
• Module-level monitoring – can
identify performance issues at
module level.
• Maintenance scheduling
Financials
and Bankability
• APsystems reached
profitability in 2012
• Supported by world-class
listed industrial investors:
TDG-Tech, Haining Oriental
Tianli innovation industry fund,
Haining Huili trade LLC
C o m p a n y H i s t o r y
2009
2010
• APsystems is founded
in Sillicon Valley , USA
2011
2012
• Manufacturing facility
opens in JIaxing
• Sydney office opens
• Flagship product
YC500 dual-module
micro launched
• Seattle office opens
• World’s largest
microinverters based
installation (6MW)
• World’s 1st true 3-
Phase microinverter
launch (YC1000-3)
2013
• APsystems opens
industrial unit
including
manufacturing in
Washington state, US
2014
• APsystems NL
warehouse & office
open
2015
• APsystems surpasses
250MWp installed in
2015
2016
• Strong investment
planned in EMEA to
accelerate footprint

6. EMS Partnership
Manufacturing house for supercomputers,
communications equipment
manufacturing
Located in the same building with
APsystems
Qualified 500,000 units capacity
(SMT+DIP lines)
ISO14001
APsystems NPI team
10 years-plus industrial experience
Certified ISO9001:2008
Implemented OA and ERP in daily
operations

7. Residential Commercial
SCALABLE AC Solutions
H I G H E S T C O S T - E F F I C I E N C Y
BEST BANKABILITY
Solar powered
Homes,
New Build,
Community Solar,
Social Housing…
Industrial park
Agricultural
Public buildings
Carports
EV station..

8. ● 3 phase microinverter (WW innovation)
● 4 modules up to 310W
● 12 units per AC branch (48 modules)
YC1000/3
● Single phase microinverter
● 2 modules up to 310W
● 7 units per AC branch (14 modules)
YC500

9. Dual YC500
Microinverters series
• 1 YC500 for 2 panels, 2 MPPT
• Warranty up to 20 years, IP67
ECU | Energy Control Unit
• APsystems’ information gateway
transferring module-level data in
real time, offers remote
troubleshooting..
• PLC and ZigBee Comms
• Warranty 2 years, IP30
EMA| Energy Management
• Free advanced monitoring available
on PC, Tablets and smartphone.
• Receive status reports to ensure
proper system performance
• Module-level data available for
Homeowner accounts.
• Installer account offers more robust
feature set for system configuration,
mapping and control

10. EMA | Energy Management
• Free advanced monitoring available
on PC, Tablets and smartphone.
• Receive status reports to ensure
proper system performance
• Module-level data available for
Homeowner accounts.
• Installer account offers more robust
feature set for system configuration,
mapping and control
Quad YC1000-3,
True 3-phase Microinverter
or Dual YC500 series
• Industry 1st 3-phase microinverter
• 1 YC1000-3 for 4 panels with Module-
Level Monitoring
• Warranty up to 20 years, IP67
ECU | Energy Control Unit
• APsystems’ information gateway
transferring module-level data in real
time, offers remote troubleshooting.
• ZigBee Comms
• Warranty 2 years, IP30

11. 100%70%
75%
90%
50%
100%
100%
100%
85,6%
70%
100%
75%
90%
50%
100%
100%
100%
50%
APsystems’ Microinverters
maximize production from each
panel while string system
performance is set by the weakest
panel.

12. ● Advanced web-based per module monitoring
● PLC + wireless communication
● Friendly user interface

13. Performance
Energy harvest gains up to 20% !
Per module MPPT maximizes production (module mismatch)
Low light performance +1% energy harvest
Safety
Low Voltage DC (at module level – 55V max)
No arc-fault risk (High voltage DC arc-fault may cause fire)
Better human protection, no risk of against electrical shocks
Easy to meet safety requirements (ex. public buildings, sensible environments)
Reliability
Highest enclosure rating in industry: NEMA 6 / IP67
Filled with an encapsulating compound (potting) - improved heat dissipation and
component protection
Low thermal footprint - reduces thermal cycling & component stress, a primary cause of
wear-out in inverters
Quality focus through all levels at APsystems ‘(10% staff dedicated to Quality)
Reliable semiconductor integration reduces component count
Simplicity
Plug & Play cabling & accessories to simplify installation
Anyone can address a module or micro inverter issue onsite
No DC string design
Few SKU for all projects (easy and cost effective stock management)

14. System Availability
No single point of failure
Intelligence
Smart and user friendly per module monitoring through any web-enabled device
Troubleshooting (easy tracking)
Financial Performance
Better LCOE – OPEX Savings – Cost effective
Lower O&M cost
Better ROI & IRR
SystemOutput
Time
Traditional InverterAPsystems microinverter solution
SystemOutput
Time

15. 15

16. Life time 25 year+
ISO9001 certified
WARRANTY
Enclosure &
potting
bolster
strenght
Designed
for hard
environment
Low thermal
footprint
Quality
focus
10 Years Standard Up to 20 Years

17. Single phase
APsystems
Microinverter YC 500
Single type competing
Microinverter
Delivery/Installation/
Design cost & labor
50% 100%
Monitoring device
Optional
(preloaded SKUs)
Mandatory
(rare preloaded SKUs)
Microinverter cost 30% cost/W advantage
Monitoring interface Free
Free or Extra charge per
module (for users)
Mobile APPs
EMA/PowerWatch/Array
APP / Android & IOS
Variable
Plug & Play AC
cabling
YES Variable

18. Three phase
APsystems Microinverter YC
1000
Single type competing
Microinverter
3-phase AC output YES NO
lnternal phase balance YES NO
grid connection No transformer Need transformer
Delivery/Installation/
Design cost & labor
25% 100%
Monitoring device
Optional
(preloaded SKUs)
Mandatory
(rare preloaded SKUs)
Microinverter cost 50% cost/W advantage
Monitoring interface Free
Free or Extra charge per module
(for users)
Mobile APPs
EMA/PowerWatch/Array APP /
Android & IOS
Variable
Plug & Play AC cabling YES Variable

19. 19

20. A popular shopping center near Honolulu, Hawaii, has become an ambitious — and
highly successful — proving ground for commercial solar power and APsystems
microinverter technology. The APsystems chip-based architecture allowed each
microinverter to be specially programmed to accommodate Hawaii’s high (277V AC)
3-phase grid standard. APsystems YC500 units were ideally matched to the
installation’s large, 305-watt PV modules. Nearly every available square foot of the
shopping center’s rooftop is now outfitted with a productive solar array, creating a
powerful 929 kW commercial system.
Location: Near Honolulu, Hawaii
Installation Date: October 2013
Capacity: 929 kW
No. of PV Modules: 3,046
Microinverter: APsystems YC500
No. of Microinverters: 1,523

21. Grow Community on Bainbridge Island is the largest planned, solar-ready
neighborhood in Washington state, USA. This new urban development is
the model of sustainable living, with beautiful solar-powered, net-zero
energy homes, healthy transportation options, and shared community
gardens. Solar output of individual residential systems ranges from 2.9 kW
to 8.9 kW, with more than 112 kW capacity completed. With a goal of
completing 132 residential units by 2016, all with solar systems featuring
APsystems Microinverters, Grow Community will eventually save between
2.5 and 3 tons of coal per year.
Location: Bainbridge Island, WA
Installer: A&R Solar
Installation Date: June 2012 – Ongoing
Capacity: 112 kW completed
Module Type: Itek 260 watt
Microinverter: APsystems YC250 and YC500
No. of Microinverters: 24 to 34 per home

22. The acclaimed new art museum in downtown Bainbridge Island showcases
the work of fine artists and craftspeople from around the Pacific Northwest.
The distinctive LEED Gold building, located in the island’s prominent
Gateway district near the ferry terminal, embodies forward thinking in
aesthetics, sustainable construction and energy independence. Designers
chose APsystems Microinverters and Itek PV modules for the building’s
large solar array, which will produce a peak 14.4 kW to power the museum.
Location: Bainbridge Island, WA
Installation Date: April 2013
Capacity: 14.4 kW
Module Type: Itek 240 watt
Microinverter: APsystems YC500
No. of Microinverters: 30

23. Recently completed near Shanghai, China, this 6 MW commercial
project is currently the largest completed microinverter installation in the
world with more than 12,000 APsystems YC500 units installed. The
project includes a variety of roof types, with the largest capacity of any
single roof producing 358 kW of energy. Roofs of colored steel tile cause
high temperatures and a small radiation space, requiring more rigorous
controls on microinverter performance. The success of this installation
shows APsystems’ breakthroughs in microinverter technologies and
their application.
Location: Haining, Zhejiang Province, China
Installation Date: September 2013
Capacity: 6 MW
Microinverter: APsystems YC500
No. of Microinverters: 12,000

24. More than 400 APsystems YC1000 true 3-phase microinverters power an
ambitious 1,700-module solar carport array at Fort Washington Golf and
Country Club in Fresno, Calif. Six carports totaling 36,000 square feet of
solar roof space produce 529kW of energy to support club maintenance and
operations.
Location: Fresno, Calif.
Designer/installer:
Valley Unique Electric/Solar Universe
Modules: SunEdison 320W
No. of modules: 1,760
Microinverters: YC1000 true 3-phase
No. of microinverters: 429
System capacity: 529 kW

25. Innovative solar design and engineering come together at North Seattle
College, where a rooftop array on a rotating steel armature tracks the sun
across the sky each day. APsystems YC1000 microinverters were used for
the 3-phase, 480V system.
Designer/installer: Artisan Electric, Seattle
Tracking system and racking:
SolarTrackr by Wovn Energy, Seattle
Microinverters:
8 APsystems YC1000 true 3-phase
Modules: 30 Talesun 240W

26. The Daughters of the American Revolution Constitution Hall is
the largest concert space in Washington, D.C., and one of the
most revered buildings in the nation’s capital. Bringing solar to
this National Historic Landmark Building posed an exceptional
challenge: any renovation or addition would have to preserve
the architectural integrity of the structure – including the roof.
TenKsolar and installer Standard Solar met the challenge with
the proprietary REFLECT PV system, which includes
APsystems YC500 microinverters. The Constitution Hall ended
up with a larger, and lighter system, maximizing the DAR
organization’s solar investment, and preserving the national
landmark building for years
to come.
Company name: tenKsolar, Minneapolis, MN
Project: DAR Constitution Hall
Location: Washington D.C.
Completion: June 2014
Capacity: 69.29 kW
Installer: Standard Solar, Rockville, MD
Modules: tenKsolar REFLECT Titan 410 watt
Modules total: 169
Inverters:
APsystems YC500 (integrated w/ REFLECT PV modules)

27. Innovative by definition
World’s largest microinverters solutions offering born in Sillicon valley, CA
High Tech semiconductor design protected by 44 patents
Reliable at every step
Manufacturing facilities both in China & United States are ISO 9001 certified
Up to 20 years warranty, IP67
Proven across the globe
+ 20 000 installations monitored worldwide
250 MWp installation capacity reached in 2015
Bankable to last
Supported by world-class listed investors including TDG-Tech
APsystems is profitable since 2012