Sparq Announces Commencement of Commercial Production in India
Sparq Systems Inc. (SPRQF) has commenced commercial production of its microinverters in India through a partnership with contract manufacturer IL JIN Electronics, a subsidiary of Amber Enterprises India Ltd. The company has successfully established assembly and test lines at IL JIN's Noida manufacturing facility, with initial production units meeting quality control standards.
The collaboration aligns with India's "Make in India" initiative, with Sparq's Indian subsidiary, Sparq Systems India Private Limited, overseeing production for both domestic and export markets. The partnership represents a strategic move to establish Sparq's presence in the Indian market while contributing to sustainable energy solutions.
Sparq Systems Inc. (SPRQF) ha avviato la produzione commerciale dei suoi microinverter in India attraverso una collaborazione con il produttore a contratto IL JIN Electronics, una controllata di Amber Enterprises India Ltd. L'azienda ha allestito con successo linee di assemblaggio e collaudo presso lo stabilimento di Noida di IL JIN, con le prime unità prodotte che hanno superato gli standard di controllo qualità.
Questa collaborazione è in linea con l'iniziativa indiana "Make in India", con la controllata indiana di Sparq, Sparq Systems India Private Limited, che supervisiona la produzione sia per il mercato interno sia per l'export. La partnership rappresenta una mossa strategica per consolidare la presenza di Sparq nel mercato indiano, contribuendo allo sviluppo di soluzioni energetiche sostenibili.
Sparq Systems Inc. (SPRQF) ha iniciado la producción comercial de sus microinversores en India mediante una asociación con el fabricante por contrato IL JIN Electronics, una filial de Amber Enterprises India Ltd. La empresa ha establecido con éxito líneas de ensamblaje y prueba en la planta de fabricación de IL JIN en Noida, con las primeras unidades producidas que cumplen con los estándares de control de calidad.
La colaboración se alinea con la iniciativa "Make in India" de India, con la filial india de Sparq, Sparq Systems India Private Limited, supervisando la producción tanto para el mercado nacional como para la exportación. La asociación representa un movimiento estratégico para establecer la presencia de Sparq en el mercado indio y contribuir a soluciones energéticas sostenibles.
Sparq Systems Inc. (SPRQF)는 Amber Enterprises India Ltd.의 자회사인 계약 제조업체 IL JIN Electronics와의 협력을 통해 인도에서 마이크로인버터의 상업 생산을 시작했습니다. 회사는 IL JIN의 노이다 제조 시설에 조립 및 테스트 라인을 성공적으로 구축했으며, 초기 생산 제품은 품질 관리 기준을 충족했습니다.
이번 협력은 인도의 "Make in India" 이니셔티브와 부합하며, Sparq의 인도 자회사인 Sparq Systems India Private Limited가 국내 및 수출 시장을 위한 생산을 감독합니다. 이 파트너십은 Sparq가 인도 시장에 진출하는 전략적 움직임이자 지속 가능한 에너지 솔루션에 기여하는 의미를 갖습니다.
Sparq Systems Inc. (SPRQF) a lancé la production commerciale de ses micro-onduleurs en Inde grâce à un partenariat avec le fabricant sous contrat IL JIN Electronics, filiale de Amber Enterprises India Ltd. L'entreprise a réussi à mettre en place des lignes d'assemblage et de test dans l'usine de Noida d'IL JIN, avec les premières unités produites répondant aux normes de contrôle qualité.
Cette collaboration s'inscrit dans l'initiative indienne "Make in India", la filiale indienne de Sparq, Sparq Systems India Private Limited, supervisant la production pour les marchés domestiques et d'exportation. Ce partenariat représente une démarche stratégique pour établir la présence de Sparq sur le marché indien tout en contribuant à des solutions énergétiques durables.
Sparq Systems Inc. (SPRQF) hat die kommerzielle Produktion seiner Mikro-Wechselrichter in Indien begonnen, und zwar durch eine Partnerschaft mit dem Auftragshersteller IL JIN Electronics, einer Tochtergesellschaft von Amber Enterprises India Ltd. Das Unternehmen hat erfolgreich Montage- und Testlinien in der Produktionsstätte von IL JIN in Noida eingerichtet, wobei die ersten produzierten Einheiten die Qualitätskontrollstandards erfüllen.
Die Zusammenarbeit steht im Einklang mit der indischen Initiative "Make in India". Die indische Tochtergesellschaft von Sparq, Sparq Systems India Private Limited, überwacht die Produktion sowohl für den Inlands- als auch für den Exportmarkt. Die Partnerschaft stellt einen strategischen Schritt dar, um Sparqs Präsenz auf dem indischen Markt zu etablieren und gleichzeitig zu nachhaltigen Energielösungen beizutragen.
- Successfully established manufacturing operations in India with IL JIN Electronics
- Production units have met quality control requirements
- Strategic alignment with India's 'Make in India' initiative
- Potential for both domestic and export market distribution
- None.
Toronto, Ontario--(Newsfile Corp. - May 26, 2025) - Sparq Systems Inc. (TSXV: SPRQ) (OTCQB: SPRQF) (FSE: M26) ("Sparq" or the "Company") is pleased to announce the commencement of commercial production of its microinverters in India. Working with its contract manufacturer IL JIN Electronics (India) Private Limited ("IL JIN"), a subsidiary of Amber Enterprises India Ltd ("Amber"), the Company has successfully commissioned assembly and test lines at IL JIN's manufacturing plant in Noida, India. The units produced to date have met the relevant quality control requirements.
Praveen Jain, Chief Executive Officer of the Company, commented: "IL JIN is a large manufacturer that has deployed a dedicated team to support the production of our microinverters. We are impressed with, and grateful for, the speed and professionalism with which IL JIN has assembled our first production line in India."
"We thank the Sparq team for partnering with us in making this robust and compact product, which we expect will reset the industry standards for solar energy systems. We anticipate that this product will be a significant contributor to the Indian government's "Make in India" initiative. We look forward to a fruitful and mutually beneficial relationship going forward and eagerly await new product developments from Sparq that support a greener future for our planet," commented IL JIN Electronics Director, Sanjay Arora.
Salil Gupta, the Company's Country Manager in India, commented, "I look forward to our company establishing a strong and enduring presence in India with the company's Indian subsidiary, Sparq Systems India Private Limited, overseeing and executing quality production for the domestic and export markets."
ABOUT SPARQ
Sparq designs and manufactures next generation single-phase microinverters for residential and commercial solar electric applications. Sparq has developed a proprietary PV solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations when compared to existing market offerings. Sparq's head office is located at 945 Princess Street, Kingston, Ontario, K7L 0E9.
ABOUT AMBER ENTERPRISES
Amber is a highly backward integrated and diversified B2B solution provider across three businesses: Consumer Durables, Electronics, and Railway Subsystems & Defense. Amber has 30 manufacturing facilities across India with more than 18,000 workers. Amber's shares are listed on BSE Limited and National Stock Exchange of India Limited.
ABOUT IL JIN
Since 2001, IL JIN has established itself as a market leader in printed circuit board (PCB) manufacturing and assembly. With over two decades of excellence, IL JIN is a trusted partner in electronic manufacturing. IL JIN's diversified product portfolio includes PCB assembly for consumer durables, telecommunications, smart electronics, automotive systems, home multimedia, and energy solutions.
Cautionary Note
Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, including, without limitation, the manufacturing and contribution of microinverters in India, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.
Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company's management's discussion and analysis for the financial year ended December 31, 2024. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Sparq Systems Inc.
Dr. Praveen Jain
Chief Executive Officer
Email: pjain@sparqsys.com
Tel: 343.477.1158
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253325
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