Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Solar Thin Films, Inc. Acquiree BudaSolar Technologies Co., Ltd. Announces Receipt of Contract Valued at Approximately $30,000,000 US

Abstract:
Solar Thin Films, Inc. (SLTZ 0.44, -0.01, -2.22%) today announced that its planned subsidiary BudaSolar Technologies Co., Ltd. (Buda) has signed a contract with Misto Services Co. Ltd. (Misto) to provide 18MW per year of Tandem Thin Layer Silicon Solar Module Process Line in the Ukraine. The total price to be paid by Misto to Buda is approximately $30,000,000 US.

Solar Thin Films, Inc. Acquiree BudaSolar Technologies Co., Ltd. Announces Receipt of Contract Valued at Approximately $30,000,000 US

New York, NY | Posted on June 12th, 2010

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 the next couple of weeks.

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:
+1-609-288-SLTN or +1-609-288-7586

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

Rice U. chemists create 3-D printed graphene foam June 22nd, 2017

Tiny bubbles provide tremendous propulsion in new microparticles research-Ben-Gurion U. June 21st, 2017

Enhanced photocatalytic activity by Cu2O nanoparticles integrated H2Ti3O7 nanotubes June 21st, 2017

Researchers developed nanoparticle based contrast agent for dual modal imaging of cancer June 21st, 2017

Thin films

New prospects for universal memory -- high speed of RAM and the capacity of flash: Thin films created at MIPT could be the basis for future development of ReRAM June 17th, 2017

Discovery of new transparent thin film material could improve electronics and solar cells: Conductivity is highest-ever for thin film oxide semiconductor material May 6th, 2017

MIT Energy Initiative awards 10 seed fund grants for early-stage energy research May 4th, 2017

Nanomechanics, Inc. Unveils New Product at ICMCTF Show April 25th: Nanoindentation experts will launch the new Gemini that measures the interaction of two objects that are sliding across each other – not merely making contact April 21st, 2017

Announcements

Rice U. chemists create 3-D printed graphene foam June 22nd, 2017

Tiny bubbles provide tremendous propulsion in new microparticles research-Ben-Gurion U. June 21st, 2017

Enhanced photocatalytic activity by Cu2O nanoparticles integrated H2Ti3O7 nanotubes June 21st, 2017

Researchers developed nanoparticle based contrast agent for dual modal imaging of cancer June 21st, 2017

Energy

Tiny bubbles provide tremendous propulsion in new microparticles research-Ben-Gurion U. June 21st, 2017

Enhanced photocatalytic activity by Cu2O nanoparticles integrated H2Ti3O7 nanotubes June 21st, 2017

Cambridge Nanotherm partners with Inabata for global sales and distribution June 20th, 2017

Development of low-dimensional nanomaterials could revolutionize future technologies June 15th, 2017

New-Contracts/Sales/Customers

Park Systems Introduces Park NX12 for Unsurpassed Affordable High Resolution NanoScale Imaging Required for Advanced Analytical Chemistry, Materials Research, and Multi-User Facility June 5th, 2017

UnitySC Announces Wafer Thinning Inspection System; Win from Power Semiconductor IDM for Automotive: Leading IDM Selects New 4See Series Automated Defect Inspection Platform for Power Semiconductor Automotive Applications May 11th, 2017

JPK selects compact tensile stage from Deben for their NanoWizard® AFM platform to broaden capabilities for materials characterisation February 22nd, 2017

Cetim Facility Receives Bruker Contour CMM Dimensional Analysis System: New Optical Coordinate Measurement Technology Enables High-Precision 3D Scanning November 16th, 2016

Solar/Photovoltaic

Tiny bubbles provide tremendous propulsion in new microparticles research-Ben-Gurion U. June 21st, 2017

Enhanced photocatalytic activity by Cu2O nanoparticles integrated H2Ti3O7 nanotubes June 21st, 2017

Development of low-dimensional nanomaterials could revolutionize future technologies June 15th, 2017

In a project funded by the Austrian Science Fund FWF, the physicist Serdar Sarıçiftçi investigates possible uses in electronics of the semiconductor properties of indigo pigment June 14th, 2017

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