September 24, 2009

San Diego, CA, USA: Pyron Solar Signs Joint Venture Agreement with Korea's ATS International

CPV manufacturer, Pyron Solar and ATS International, a provider of factory automation equipment located in GyeongGi-Do, Korea, have announced a joint venture today that will see Pyron Solar’s first international solar system operational by the end of the year.

The JV Company, ATS Pyron, has secured a MOU to supply up to 5MW of Pyron Solar Systems at various locations in the Jeollanam-do, Province. The first 60kW installation will be housed at the Province’s offices.

ATS Pyron will operate a manufacturing facility located in the Daebul Free Trade Zone. Initially the factory will have a manufacturing capacity of 20MW per year. ATS Pyron will provide solar systems to service the large Korean market which is currently expected to exceed 392MW by 2011.

“Pyron Solar is experiencing tremendous growth; our joint venture with ATS International is a key element in our Asia Pacific strategy. We look forward to supplying solar systems that help Korea with its immediate and long term solar initiatives,” stated Pyron Solar CEO, Stan Ellis.

Steven Hwang, CEO of ATS International, said “The past several years I have been studying the CPV market and I believe that the Pyron Solar System is the most efficient system on the market and the most ready to begin utility scale installations. We believe that ATS Pyron is positioned to capitalize on the tremendous financial investment currently taking place inside Korea at the government and corporate level.”

Further details about: Pyron Solar