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September 10, 2008
New
York, NY, USA: Solar Thin Films Schedules Equipment Delivery for
Thin Film Manufacturing Plant
Solar Thin Films, Inc, a manufacturer of equipment for the production
of amorphous silicon (a-Si) photovoltaic modules, has received
$3.6 million from Grupo Unisolar, S.A., against the $12.3 million
contract to build a 5MW turn-key a-Si module thin-film photovoltaic
manufacturing plant in Spain.
With
this 30% deposit, Solar Thin Films says that the company has moved
beyond the planning stage, and has begun to fulfill the contract.
Delivery
and installation is expected to commence in late 2008 and to be
completed during 2009. Solar Thin Films will receive an additional
50% of the $12.3 million dollar purchase price upon delivery of
the equipment throughout 2009, and the remaining 20% upon completion
and acceptance.
Under
the terms of the turnkey sale, Solar Thin Films will also provide
certain installation and testing services to Grupo Unisolar.
"With
this payment, we are ready to move beyond the initial phases of
the project and schedule the first deliveries for the fourth quarter.
We expect to deliver and install throughout 2009 and to have acceptance
late next year," said Peter Lewis, chief executive officer
of Solar Thin Films.
"This
plant is another opportunity for Solar Thin Films to demonstrate
its capabilities and process expertise in producing a complete
line of cost-efficient manufacturing equipment for the production
of thin-film amorphous silicon modules. The environmental and
cost advantages of thin-film a-Si over crystalline silicon and
other thin-film technologies is creating many opportunities for
us to expand our share of the photovoltaics market and establish
Solar Thin Films as a clear leader in supplying cost-effective,
thin-film photovoltaic module manufacturing equipment. As thin-film
technology continues to advance we anticipate it will play an
increasing role relative to crystalline silicon and garner a growing
share of the solar power market," concluded Lewis.
Further details about: Solar
Thin Films, Inc and Grupo
Unisolar
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