Solar EnerTech Corp. is a manufacturer of high quality photovoltaic (PV) solar energy cells and state-of-the-art solar applications. Their headquarters, in Menlo Park, California, is also the location where marketing, purchasing, and distribution activities take place. The company trades on the OTCBB and invests in photovoltaic cell research to develop higher efficiency solar cells.
Solar EnerTech has constructed a 63,000-square-foot manufacturing and research facility in Shanghai’s Jinqiao Modern Science and Technology Park in China, where they manufacture PV solar cells and design advanced PV modules for roof panels, solar arrays, and modules incorporated directly into exterior walls, as well as for other applications. The company is currently able to produce 25MW of solar cells from their existing production line, and is currently working to complete a second 25MW production line to make better use of all their capacity and to meet future customer demand.
The company’s main target for solar products is in Europe. This is due to the different government incentive programs, which are causing people to turn to solar power. Their secondary market is in the United States, where California is aggressively pursuing a solar initiative with their One Million Solar Roof incentive program for residences and businesses.
Solar EnerTech has also established a partnership with Shanghai University. This is in a joint research and development facility to increase the efficiency of solar cells. The company also has a strategic relationship with InfoTech Energy Efficiency. This enterprise is a U.S.-based power-system supply firm. They make components in the United States and then export them to China.
The company announced in early September their entry into an equity purchase agreement in which they acquired two million shares of common stock of 21-Century Silicon, Inc. for one million dollars. This company is a polysilicon manufacturer in Dallas, Texas. The two million shares are roughly 7.8 percent of 21-Century Silicon’s outstanding equity. The equity purchase agreement further provides that Solar EnerTech would acquire an additional two million shares upon 21-Century Silicon meeting certain milestones.
21-Century Silicon, through their proprietary technology, processes, and methods, is concentrating their efforts on manufacturing solar-grade polysilicon more efficiently and cost-effectively than their major competitors. Leo Young, chief executive officer of Solar EnerTech said, “Our relationship with 21-Century is a positive development for our business and further increases the visibility of our production supply.”
Solar EnerTech continues to make products that soak up the sun. They also continue to work with others to further solar power use. They were a sponsor of the Energy Round Table in Beijing, with Governor Arnold Schwarzenegger of California, and established consensus with the state for future involvement with California’s solar programs.
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