Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Solar Thin Films, Inc. Acquiree BudaSolar Technologies Co., Ltd. Announces Receipt of Contract Valued at $160,000,000 US

Abstract:
Solar Thin Films, Inc. (SLTZ 0.65, +0.11, +20.37%) today announced that its planned subsidiary BudaSolar Technologies Co., Ltd. has signed a contract with China City Investments Limited as technology provider for the delivery of turnkey production lines at the capacity of 85MWp/year using Silicon based thin film PV technology.

Solar Thin Films, Inc. Acquiree BudaSolar Technologies Co., Ltd. Announces Receipt of Contract Valued at $160,000,000 US

New York, NY | Posted on April 15th, 2010

The agreement is the first phase of the Dalian City Industrial Park Project targeting the development of a complex, vertically integrated production center with cumulative PV production capacity of 1GW to be achieved in 10 phases.

As was announced on April 8, 2010, Solar Thin Films, Inc. is in the final stages of its negotiations to acquire 100% ownership of BudaSolar Technologies Co., Ltd., a Hungary-based technology company that develops thin film solar module manufacturing technologies, including Building Integrated Photovoltaics (BIPV), related equipment, and critical components of turn-key production lines and associated computer software. The parties have agreed on a five year earn out arrangement and believe that their agreement will be finalized within thirty days.

Forward-Looking Safe Harbor Statement Statements in this news release regarding future financial and operating results, potential applications of the Company's technology, opportunities for the Company, and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements including: limited operating history, need for future capital, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company's periodic reports, including Forms 10-K, 10-Q, 8-K, and other forms filed with the Securities and Exchange Commission ("SEC"). These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.

####

About Solar Thin Films
Solar Thin Films develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon photovoltaic ("PV") modules through its subsidiary Kraft Elecktronikai Zrt. based in Budapest, Hungary. The Company sells both "turnkey systems" and sub-systems to customers currently located in China, Spain and the United States and has produced equipment for installations in the US, Germany, Portugal, Taiwan, Greece and Spain. The Company believes that its line of thin-film photovoltaic manufacturing equipment positions it to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin-film" PV modules as part of a cost effective, "clean technology" energy solution.

About BudaSolar Technologies Co., Ltd.
BudaSolar Technologies Co., Ltd. (www.budasolar.hu/news.html) was founded in 2007 by a group of engineers and technicians who have been in the solar business since 1997. The company's core expertise is in the development of thin film solar module manufacturing technologies, including Building Integrated Photovoltaics (BIPV), related equipment, and critical components of turn-key production lines and associated computer software.

For more information, please click here

Contacts:
Investor Relations Contact
Stan Altschuler
President


Richard Cooper
Chairman


Strategic Growth International
150 East 52nd St., 22nd Floor
New York, NY 10022
Ph: 212- 838-1444
Fax: 212- 838-1511

Copyright © Solar Thin Films

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Industrial Nanotech, Inc. Announces Next Large Order from the Oil and Gas Industry March 26th, 2015

Quantum compute this -- WSU mathematicians build code to take on toughest of cyber attacks: Revamped knapsack code offers online security for the future March 26th, 2015

Thousands of atoms entangled with a single photon: Result could make atomic clocks more accurate March 26th, 2015

Square ice filling for a graphene sandwich March 26th, 2015

Thin films

A new method for making perovskite solar cells March 16th, 2015

Engineers create chameleon-like artificial 'skin' that shifts color on demand March 12th, 2015

Researchers synthesize new thin-film material for use in fuel cells: Article in the journal APL Materials shows how to grow Bi2Pt2O7 pyrochlore, potentially a more effective cathode for future fuel cells March 10th, 2015

Graphene meets heat waves March 9th, 2015

Announcements

Industrial Nanotech, Inc. Announces Next Large Order from the Oil and Gas Industry March 26th, 2015

Quantum compute this -- WSU mathematicians build code to take on toughest of cyber attacks: Revamped knapsack code offers online security for the future March 26th, 2015

Thousands of atoms entangled with a single photon: Result could make atomic clocks more accurate March 26th, 2015

Square ice filling for a graphene sandwich March 26th, 2015

Energy

Industrial Nanotech, Inc. Announces Next Large Order from the Oil and Gas Industry March 26th, 2015

New kind of 'tandem' solar cell developed: Researchers combine 2 types of photovoltaic material to make a cell that harnesses more sunlight March 24th, 2015

Nanodevice Invented in Iran to Detect Hydrogen Sulfide in Oil, Gas Industry March 20th, 2015

Clean energy future: New cheap and efficient electrode for splitting water March 18th, 2015

New-Contracts/Sales/Customers

Industrial Nanotech, Inc. Announces Next Large Order from the Oil and Gas Industry March 26th, 2015

United Nanotech Innovations Lists Materials for Trade on INSCX™ Exchange and Appoints Fullerex as Merchant February 17th, 2015

Virginia Tech Purchases Two Bruker Fluorescence Microscope Solutions: High-Speed Instruments Combine to Cover Wide Optical Resolution Range February 10th, 2015

Nano Labs Announces the Opportunity to Submit the POLEC Liquid Cement Product for Test Trials to Be Used in the Construction of the New International Airport of Mexico City (NAICM) February 2nd, 2015

Solar/Photovoltaic

New kind of 'tandem' solar cell developed: Researchers combine 2 types of photovoltaic material to make a cell that harnesses more sunlight March 24th, 2015

Caltech scientists develop cool process to make better graphene March 18th, 2015

Clean energy future: New cheap and efficient electrode for splitting water March 18th, 2015

A new method for making perovskite solar cells March 16th, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE