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Message: Closes $1.1 Million Financing

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Closes $1.1 Million Financing

posted on Jan 01, 09 11:20AM

December 31, 2008

Sustainable Energy Closes $1.1 Million Financing

CALGARY, ALBERTA--(Marketwire - Dec. 31, 2008) - STG Markets Limited Partnership ("STG Markets") has issued 111 limited partnership units ("LP Units") at 10,000 per LP Units for gross proceeds of $1,110,000. Each LP Unit is callable by Sustainable Energy Technologies Ltd ("Sustainable") (TSX VENTURE:STG) after December 31, 2008 in exchange for 100,000 common shares of Sustainable. Directors (and related parties) of Sustainable acquired 14 LP Units.

STG Markets is a limited partnership controlled by Sustainable, which designs, manufactures and distributes inverters for distributed alternative energy applications incorporating patented technologies developed and owned by Sustainable. Investors acquiring LP Units are entitled to their proportionate share of non capital losses incurred by the Partnership during the 2008 calendar year.

LP Units of the Partnership and common shares of Sustainable issued in exchange for LP Units will be subject to a 4 month hold period from December 30, 2008. The Company has paid finders' fees in connection with the issue of $75,000. The net proceeds of the issue will be used for general corporate purposes.

About Sustainable Energy

Based in Calgary Alberta, Sustainable Energy Technologies Ltd (www.sustainableenergy.com) manufactures and distributes extra low voltage power inverters for solar PV applications. Unlike conventional inverter technologies, where total system performance can be disproportionately impacted by individual module performance, Sustainable's patented inverter technology enables each solar PV panel to operate at its optimum power output reducing the impact of partial shading and variances in module manufacturing tolerances.