Dear Valued Fat Spaniel Customer,

I would like to bring to your attention the recent asset acquisition of Fat Spaniel by Power-One Inc. As a valued of customer of Fat Spaniel, I would like to reassure you that you will receive continued support in all of the services you have previously enjoyed.

I would like to take this opportunity to introduce you to Power-One Inc, a successful global organization which designs and manufactures energy-efficient power conversion and power management solutions throughout the world.  Established nearly 40 years ago, Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER.

Power-One is the second largest manufacturer of solar inverters globally with residential, commercial and utility grade solutions. Renewable Energy products include Aurora® power inverters for solar and wind applications.

Power-One’s Renewable Energy Solutions has seen remarkable growth in the past 3 years through our Aurora inverters. We view the addition of the Fat Spaniel technology as a natural fit to our business model. Power-One prides itself on achieving best in class energy harvesting technology through extremely high efficiencies, multiple power point trackers and very wide input ranges with ride through capabilities. The combination of these features results in very high harvesting of energy from dawn to dusk in Photovoltaic, and in very light winds with on-shore and off-shore Turbines.

Augmenting Fat Spaniel’s lifecycle management solutions with Power-One’s Aurora inverters will provide critical insight into revenue-generating renewable energy assets. We believe that the combined solutions will enable energy producers to increase energy harvest and performance ratios, cut the costs of operations & maintenance, reduce operational and financial risk, and improve return on investment.

Aside from ongoing technology investments, Power-One is investing in new manufacturing facilities in North America by opening two centers dedicated to the renewable energy business in Phoenix, Arizona and Toronto, Canada.

What Next? Power-One Inc will be integrating Fat Spaniel into its organization and ensuring the smooth transition of staff and services under the Power-One banner. If you have any questions please feel free to get in touch with your existing Fat Spaniel contacts or myself.

Finally I would like to repeat our commitment to continue the services and support provided to you. As an organization, we are very excited about having a new community of customers to add to our growing list.

On behalf of everyone at Power-One, we look forward to working with you to achieve future success for our respective organizations.

Best Regards