Worldwide Energy and Manufacturing USA Inc. (WEMU.OB) is an engineering-oriented firm specializing in PV panel, mechanical, electronics, and fiber optic products manufacturing. The company’s worldwide customer base includes the following industries: solar energy, wireless communications, aerospace, medical equipment, and automobiles.
Worldwide Energy announced on September 23, 2008 that its solar division, AmeriSolar, has signed $8.1 million in two new solar module contracts. The first contract for $4 million came from a new customer and the second contract for $4.1 million came from an existing customer. To date, AmeriSolar has signed approximately $30 million in new contracts, the majority of which are expected to be recorded in 2008.
The company’s long-term objective is to become a leading player in the solar module industry. Worldwide Energy CEO Jimmy Wang stated: “Our solar divison continues to obtain new module contracts and we are very encouraged by the strong growth. We have already surpassed our projected revenues for the solar division for 2008. We will continue to expand our market share in the solar sector as we become one of the fastest growing companies in the clean-tech industry.”
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