SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCBB:GTSO) announced today that the Mongolian agent company for its JV with Rare Earth Exporters of Mongolia (REE) has executed a new land lease agreement in the mineral-rich province of Tuv.
“Currently, Mongolian trade is over-reliant on China, and their government would like to encourage more trade diversity”
The JV between GTSO and Rare Earth Exporters of Mongolia was formed last month for the purpose of expanding rare earth production and exports from the Asian nation. The acquisition of Mongolian mining claims and operations is key to the joint venture’s plans to develop stable sources of rare earths outside of China.
GTSO President and CEO John Shearer said Friday that the company looks forward with great anticipation to seeing the mineral yield estimate reports on the new property, which are being scheduled now. GTSO management expects the new property to be especially rich in yttrium, tantalum, niobium, thorium and zirconium. These rare earths are vital to worldwide manufacturing of everything from consumer electronics to superconductors.
“We’re in a celebratory mood at GTSO headquarters,” Shearer said. “This lease is a big step forward in our plan to help solve the global rare earth supply crisis while instituting cleaner mining technology to minimize environmental contamination.”
The new site is located in the Erdenesant district of Mongolia’s Tuv province. The district surrounds the Mongolian capital of Ulan Bator, where the joint venture’s new operations office is located. Dorj Atantogos, the JV’s director of Mongolian operations, signed the agreement.
Ulan Bator is Mongolia’s road and rail transportation hub. Mongolian rail is connected to the Trans-Siberian Railway in neighboring Russia. The joint venture plans to utilize that transportation infrastructure to convey Mongolian rare-earth mining products to the international seaport of Vladivostok, Russia, where it can be shipped to the U.S., Japan and South Korea without traveling through China.
“Currently, Mongolian trade is over-reliant on China, and their government would like to encourage more trade diversity,” Shearer said.
GTSO and its Rare Earth JV plan to strictly adhere to Mongolian law in its development efforts. Rare Earth Exporters of Mongolia’s transportation strategy can be seen at http://www.rareearthexporters.com/mission.html.
In addition to advanced weaponry and defense systems, rare earths are essential to the production of clean energy technologies such as permanent magnets, hybrid and electric car batteries, solar panels, wind turbines and energy-efficient lighting. Domestic usage and environmental concerns in China are leading to fewer mining permits, fewer exports and rising prices. GTSO formed the joint venture with REE in order to capitalize on these market dynamics.
The vast majority of China’s rare earths are mined in the country’s Inner Mongolia region, which lies along the southern border of the nation of Mongolia. Many experts believe that Mongolia, a former Soviet state, contains rare earth deposits that rival those of China.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes Molycorp, Inc. (NYSE:MCP), Siemens (NYSE:SI), United Technologies Corp. (NYSE:UTX) and Koninklijke Philips Electronics (NYSE:PHG).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (GTSO) is an OTCQB publicly traded company. OTCQB is the middle tier of the OTC market. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. GTSO acquires, develops and implements the newest clean mining technology to enable our partner clients to expand operations throughout the world. Environmental restrictions represent the largest restriction to mining industry growth and operations. GTSO focuses on overcoming these environmental restrictions with brilliant cutting-edge clean mining technology.
For more information, please visit http://www.GreenTech-Solutions.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Tuesday, March 8, 2011
Wednesday, March 2, 2011
BlueChip Energy
PRLog – Mar 01, 2011 – Lake Mary, Florida - BlueChip Energy (BCE) a provider of complete solar energy solutions for residential, commercial, government, and utility applications, today announced that it will be exhibiting at Renewable Energy and Photovoltaics World Conference & Expo, taking place from March 8-10, 2011 at the Tampa Convention Center.
The company’s executive team and business development group will be on hand in Booth 1007 to meet with attendees, exhibitors, and the media. The company will be discussing utility scale projects, solar farms, and its Advanced Solar Photonics (ASP) production line of high efficiency PV solar modules manufactured in the USA.
Renewable Energy World Conference & Expo North America has been the event leading the way for the renewable industry for eight years. The event draws more than 4,000 renewable energy power professionals and 250 exhibiting companies.
The Conference and Expo features insightful discussions and presentations during technical sessions related to technology, markets, business strategies and policy covering the wind, solar, biomass, hydro, geothermal, ocean/tidal/wave, bio-power, bio-fuels and hydrogen energy sectors. On hand will be thousands of experts in the technologies and trends on the forefront of the renewable industry’s future.
# # #
About BlueChip Energy: BCE is a fully-integrated solar PV power generator, occupying all segments of the solar power value chain, from manufacturing of solar panels and balance of systems components, to the sale of turnkey solar power plants – and solar electricity -- to residential, commercial, and industrial customers. BCE develops, finances, constructs, operates, and monitors solar plants for companies and individuals. The company is also a licensed provider of renewable solar energy as a qualifying power production facility of 80 MW, with the right to sell electricity to a utility.
The company’s executive team and business development group will be on hand in Booth 1007 to meet with attendees, exhibitors, and the media. The company will be discussing utility scale projects, solar farms, and its Advanced Solar Photonics (ASP) production line of high efficiency PV solar modules manufactured in the USA.
Renewable Energy World Conference & Expo North America has been the event leading the way for the renewable industry for eight years. The event draws more than 4,000 renewable energy power professionals and 250 exhibiting companies.
The Conference and Expo features insightful discussions and presentations during technical sessions related to technology, markets, business strategies and policy covering the wind, solar, biomass, hydro, geothermal, ocean/tidal/wave, bio-power, bio-fuels and hydrogen energy sectors. On hand will be thousands of experts in the technologies and trends on the forefront of the renewable industry’s future.
# # #
About BlueChip Energy: BCE is a fully-integrated solar PV power generator, occupying all segments of the solar power value chain, from manufacturing of solar panels and balance of systems components, to the sale of turnkey solar power plants – and solar electricity -- to residential, commercial, and industrial customers. BCE develops, finances, constructs, operates, and monitors solar plants for companies and individuals. The company is also a licensed provider of renewable solar energy as a qualifying power production facility of 80 MW, with the right to sell electricity to a utility.
Sunday, February 27, 2011
UK Solar Panel Installation
PRLog – Maidstone, Kent, An amazing new technology is here and ready to be used. Solar panels are used to harness the inherent energy that the sun provides and convert it into usable power for your home, office, or appliance. This form of energy had been speculated and talked about for years, but it is now finally here Solar panels are becoming extremely popular and they are expected to have massive growth in 2011.
Solar panels are now very popular and one of the primary reasons that this technology has become so popular. The entire world has taken notice of the ease of use that these systems allow the user. They are both easy to understand in regards concept and design, as well as being exceptionally easy to install.
In the UK people have begun to appreciate the cost effectiveness of these units and as a result the market for solar panels has soared. There is projected to be massive growth in 2011. With energy costs skyrocketing and people seeming out alternatives the alternative energy market is going boom.
The first thing to understand about the solar panels is that they are very simple to install and most anyone can have the units put up in a simple weekend. They are also very durable and will not be found to be fragile. This is a leading reason why they have become so popular.
Because solar panels do not have moving parts and the do not need to have constant maintenance many homeowners are attracted to them. You do not need to be an engineer or someone who is especially mechanically inclined in order to benefit from them. While solar panels are scientifically and conceptually advanced, they do not require any form of advanced knowledge in order to reap the benefits from owning one.
The market for solar panels is likely to grow in leaps and bounds much like that of the television when it was first introduced or even the computer. Because of the cost of energy production governments are looking into alternatives and regular people are feeling the pressure to find an alternative.
When one looks at the global problems associated with conventional energy production, oil has created conflicts between nations as well as being not at all ecological friendly, then it should come as no surprise that solar panels are becoming more and more popular and in demand.
This form of energy is great for the environment and it is also something that can improve dramatically the tensions that are taking place around the globe. As global tensions escalate the need for solar panels as an energy source becomes more and more clear.
For anyone who is interested in getting in on the ground floor, now is the time. Much like other innovations that took over the marketplace, solar power panels time is coming. Especially in the UK, Solar panels are the future. Economic forecasts have speculated that in 2011 there will be a surge in sales for solar panels. As more and more people are looking to retrofit their homes with alternative power there will be a huge demand for the materials that are necessary to build these systems.
Now is the best time for installation. The sooner you have means for renewable energy installed in your home, the sooner you can start contributing towards a greener planet and reserving energy. Not to mention that you will notice a difference in energy bills almost immediately. Obviously, going ahead with the work before the summer starts will mean more time to stock on valuable energy before the days get shorter again.
Contact:
Paul Simms
Solar Panels Quotations
174 Merton Road
Maidstone, Kent ME15 8LW
01622 208336
info@solarpanelsquotations.co.uk
http://www.solarpanelsquotations.co.uk
Solar panels are now very popular and one of the primary reasons that this technology has become so popular. The entire world has taken notice of the ease of use that these systems allow the user. They are both easy to understand in regards concept and design, as well as being exceptionally easy to install.
In the UK people have begun to appreciate the cost effectiveness of these units and as a result the market for solar panels has soared. There is projected to be massive growth in 2011. With energy costs skyrocketing and people seeming out alternatives the alternative energy market is going boom.
The first thing to understand about the solar panels is that they are very simple to install and most anyone can have the units put up in a simple weekend. They are also very durable and will not be found to be fragile. This is a leading reason why they have become so popular.
Because solar panels do not have moving parts and the do not need to have constant maintenance many homeowners are attracted to them. You do not need to be an engineer or someone who is especially mechanically inclined in order to benefit from them. While solar panels are scientifically and conceptually advanced, they do not require any form of advanced knowledge in order to reap the benefits from owning one.
The market for solar panels is likely to grow in leaps and bounds much like that of the television when it was first introduced or even the computer. Because of the cost of energy production governments are looking into alternatives and regular people are feeling the pressure to find an alternative.
When one looks at the global problems associated with conventional energy production, oil has created conflicts between nations as well as being not at all ecological friendly, then it should come as no surprise that solar panels are becoming more and more popular and in demand.
This form of energy is great for the environment and it is also something that can improve dramatically the tensions that are taking place around the globe. As global tensions escalate the need for solar panels as an energy source becomes more and more clear.
For anyone who is interested in getting in on the ground floor, now is the time. Much like other innovations that took over the marketplace, solar power panels time is coming. Especially in the UK, Solar panels are the future. Economic forecasts have speculated that in 2011 there will be a surge in sales for solar panels. As more and more people are looking to retrofit their homes with alternative power there will be a huge demand for the materials that are necessary to build these systems.
Now is the best time for installation. The sooner you have means for renewable energy installed in your home, the sooner you can start contributing towards a greener planet and reserving energy. Not to mention that you will notice a difference in energy bills almost immediately. Obviously, going ahead with the work before the summer starts will mean more time to stock on valuable energy before the days get shorter again.
Contact:
Paul Simms
Solar Panels Quotations
174 Merton Road
Maidstone, Kent ME15 8LW
01622 208336
info@solarpanelsquotations.co.uk
http://www.solarpanelsquotations.co.uk
Wednesday, February 23, 2011
Solar Panel Costs
PRLog (Press Release) – Feb 18, 2011 – How Much Does It Cost For Solar Panels
Fossil fuels are the main source of energy supply to the world. But fossil fuels are not renewable sources of energy and are emitting ton of pollution. The pollution has direct relation to global warming and acid rain which in time will destroy almost everything it touches. The price of fossil fuels are going up in recent years. These are some of the reasons to consider and start thinking of renewable energy such as solar energy.
Solar energy is the light and heat from the sun. It is free, clean and efficient energy source that can be easily harnessed to electricity or heat. With the technology advances and reducing prices for solar technology have open the gates for solar power to homeowners and businesses. The solar power is produced by taking sunlight and converts it into electricity. This is normally done by solar panels. There are two types of solar panels, solar photovoltaic and solar thermal. Solar photovoltaic is to convert the sunlight into electricity, and solar thermal is to absorb sun energy directly as heat energy.
How much does the solar power cost? Is it affordable or too expensive to the average homeowners or businessman? When it comes to costs of solar power, a lot of people simply do not know how to make the estimation. If you are planning to install solar power, you need to look into short and long term costs compare to the savings. The truth is the initial costs are quite expensive, but the long-term costs are relatively cheaper than normal energy sources. This is because solar panels can last at least 15-20 years with very low maintenance. Get Internet #1 - How Much Does It Cost For Solar Panels @ http://energycure01.webs.com and start cutting your bills now!
Solar power costs are determined by two main factors; material costs and installation costs. The material costs include solar panels, batteries, inverters, grid tie system, cables and connectors. The solar panels are the main part of solar power system. A silicone based photovoltaic solar panel can cost around $300 to $900 or $3 to $12 per watt. For low cost options, you can consider used solar panels which are still efficient enough to generate good quantity of energy, or with some research and effort, you can build a solar panel for as low as $200. How many solar panels are enough to power your house? It is all depends on how much electricity needs and how much direct sunlight you get from your location. You can look at your recent electric bills to get the average electricity needs and get the sun maps on internet.
The costs of installation are vary depending on whether you do it yourself or hire a professional installer. The cost of using professional installer is around $10 - $12 per watt, but if you install the solar power system by yourself, it is probably cost around $4 - $5 per watt. So, finding a way to do it yourself is the great solution.
The initial cost is expensive but many countries around the world are offering tax rebates and incentives to offset the investments and encourage homeowners to switch from not renewable energy to renewable energy. Get Internet #1 - How Much Does It Cost For Solar Panels @ http://energycure01.webs.com and start cutting your bills now!
Fossil fuels are the main source of energy supply to the world. But fossil fuels are not renewable sources of energy and are emitting ton of pollution. The pollution has direct relation to global warming and acid rain which in time will destroy almost everything it touches. The price of fossil fuels are going up in recent years. These are some of the reasons to consider and start thinking of renewable energy such as solar energy.
Solar energy is the light and heat from the sun. It is free, clean and efficient energy source that can be easily harnessed to electricity or heat. With the technology advances and reducing prices for solar technology have open the gates for solar power to homeowners and businesses. The solar power is produced by taking sunlight and converts it into electricity. This is normally done by solar panels. There are two types of solar panels, solar photovoltaic and solar thermal. Solar photovoltaic is to convert the sunlight into electricity, and solar thermal is to absorb sun energy directly as heat energy.
How much does the solar power cost? Is it affordable or too expensive to the average homeowners or businessman? When it comes to costs of solar power, a lot of people simply do not know how to make the estimation. If you are planning to install solar power, you need to look into short and long term costs compare to the savings. The truth is the initial costs are quite expensive, but the long-term costs are relatively cheaper than normal energy sources. This is because solar panels can last at least 15-20 years with very low maintenance. Get Internet #1 - How Much Does It Cost For Solar Panels @ http://energycure01.webs.com and start cutting your bills now!
Solar power costs are determined by two main factors; material costs and installation costs. The material costs include solar panels, batteries, inverters, grid tie system, cables and connectors. The solar panels are the main part of solar power system. A silicone based photovoltaic solar panel can cost around $300 to $900 or $3 to $12 per watt. For low cost options, you can consider used solar panels which are still efficient enough to generate good quantity of energy, or with some research and effort, you can build a solar panel for as low as $200. How many solar panels are enough to power your house? It is all depends on how much electricity needs and how much direct sunlight you get from your location. You can look at your recent electric bills to get the average electricity needs and get the sun maps on internet.
The costs of installation are vary depending on whether you do it yourself or hire a professional installer. The cost of using professional installer is around $10 - $12 per watt, but if you install the solar power system by yourself, it is probably cost around $4 - $5 per watt. So, finding a way to do it yourself is the great solution.
The initial cost is expensive but many countries around the world are offering tax rebates and incentives to offset the investments and encourage homeowners to switch from not renewable energy to renewable energy. Get Internet #1 - How Much Does It Cost For Solar Panels @ http://energycure01.webs.com and start cutting your bills now!
Sunday, February 20, 2011
Installing Solar Panels
PRLog (Press Release) – Jan 23, 2011 – Solar Panel Shingles Cost
While solar shingles offer great rewards as well as advantages over conventional solar cells, there are unique challenges inherent in the installation of such a roof. Careful planning is required, and attention must be paid to the wiring of your solar shingles. To simplify your installation process, we provide this guide to installing a photovoltiac solar shingle roof.
Solar shingles offer not only better aesthetics compared to conventional solar panels, but also a less complicated attachment to the home. Unlike solar panels, which require a mounting rack to be installed on top of the roof, solar shingles are stapled directly onto the roof. If you view the cost of ordinary roofing shingles you would have to buy anyway as a sunk cost, you find that you are only adding the difference in price between ordinary and solar shingles to your cost, in addition to also saving on the cost of mounting racks for conventional solar panels. Get Internet #1 - Solar Panel Shingles Cost @ http://energycure01.webs.com and start cutting your bills now!
Careful planning is required before you proceed with the installation of your solar roof. Factors you must consider include: the layout of your roof; the number of tiles you will need to generate the amount of power you need; and how the wires will be routed through the house to the power control panel and inverter.
Solar cells must be wired in series in order to deliver high voltage to the inverter. In this wiring arrangement, the positive terminal of each element is wired to the negative terminal of the next, in contract to parallel wiring in which each element is placed on a different branch of the same wire. In a serial wiring arrangement, the voltages of each element add.
To install your solar shingles, staple them onto the roof in an overlapping pattern just like ordinary roofing shingles. When installing conventional shingles, you would be done at this step, however in the case of photovoltiac shingles you also have to wire them. A typical arrangement entails the placement of wire holes drilled through the roof every 3 ½ inches along a line of overlapping tiles It is wise to use a template and draw outlines of each hole in chalk before proceeding with the actual installation of shingles. Get Internet #1 - Solar Panel Shingles Cost @ http://energycure01.webs.com and start cutting your bills now!
While solar shingles offer great rewards as well as advantages over conventional solar cells, there are unique challenges inherent in the installation of such a roof. Careful planning is required, and attention must be paid to the wiring of your solar shingles. To simplify your installation process, we provide this guide to installing a photovoltiac solar shingle roof.
Solar shingles offer not only better aesthetics compared to conventional solar panels, but also a less complicated attachment to the home. Unlike solar panels, which require a mounting rack to be installed on top of the roof, solar shingles are stapled directly onto the roof. If you view the cost of ordinary roofing shingles you would have to buy anyway as a sunk cost, you find that you are only adding the difference in price between ordinary and solar shingles to your cost, in addition to also saving on the cost of mounting racks for conventional solar panels. Get Internet #1 - Solar Panel Shingles Cost @ http://energycure01.webs.com and start cutting your bills now!
Careful planning is required before you proceed with the installation of your solar roof. Factors you must consider include: the layout of your roof; the number of tiles you will need to generate the amount of power you need; and how the wires will be routed through the house to the power control panel and inverter.
Solar cells must be wired in series in order to deliver high voltage to the inverter. In this wiring arrangement, the positive terminal of each element is wired to the negative terminal of the next, in contract to parallel wiring in which each element is placed on a different branch of the same wire. In a serial wiring arrangement, the voltages of each element add.
To install your solar shingles, staple them onto the roof in an overlapping pattern just like ordinary roofing shingles. When installing conventional shingles, you would be done at this step, however in the case of photovoltiac shingles you also have to wire them. A typical arrangement entails the placement of wire holes drilled through the roof every 3 ½ inches along a line of overlapping tiles It is wise to use a template and draw outlines of each hole in chalk before proceeding with the actual installation of shingles. Get Internet #1 - Solar Panel Shingles Cost @ http://energycure01.webs.com and start cutting your bills now!
Friday, February 18, 2011
Swiss PhotoSolar
Feb 16, 2011 – Phono Technologies Switzerland will of course be onsite as well. Phono Technologies Switzerland will use the EcoBuild trade fair to introduce its line of photovoltaic panels PhonoSolar and also completed projects of solar power plant. PhonoSolar panels are used for example at the 9th largest photovoltaic power plant in the world – FVE CZECH Vepřek with a total output of 35.10 MWp. This power plant has 186,960 PhonoSolar panels installed.
EFEKTIM, a.s. will also be introduced at the trade fair along Phono Technologies Switzerland AG. It is a company with more than 40 years of tradition – it is one of the top specialists focused on designing, implementing and servicing photovoltaic, wind, hydro and gas incinerating power plants. EFEKTIM operates all over Europe, Africa, near East and newly in USA. It is a renowned expert in the field of engineering, design, optimization, development, financing, testing and ensuing servicing and monitoring of photovoltaic power plants.
EcoBuild 2011
London will again be the stage for the largest trade fair focusing on permanent sustainability in energy, construction and architecture. EcoBuild 2011 will introduce its visitors to new trends in the field of energy and innovations in research and technological development. Ecobuild exhibitors, one of which is also the PhonoSolar brand, will offer current innovations and products from the area of renewable energy sources.
EcoBuild trade fair is one of the most significant trade fairs in the area of sustainable development, construction and architecture. It will welcome more than 1,300 exhibitors and over 40,000 visitors at the start of March 2011. At the same time there will be almost 100 free seminars held at the London trade fair which will provide practical advice on implementation of sustainable development into everyday life.
Phono Technologies Switzerland AG
Phono Technologies Switzerland is a top international solar energy company. It specializes in the manufacture of PhonoSolar photovoltaic panels, PhonoWind wind micro-turbines and together with its partners offers the implementation of photovoltaic power plants.
Additional information and contact
We cordially invite everyone with interest in renewable energy sources, experts and laymen alike, to visit our stand no. N1460. We will keep you further updated on information around the EcoBuild trade fair and the exhibit of Phono Technologies Switzerland.
Phono Technologies Switzerland AG
Sandgrube 29
CH-9050 Appenzell
Switzerland
Web: www.phonosolar.co.uk
EFEKTIM, a.s. will also be introduced at the trade fair along Phono Technologies Switzerland AG. It is a company with more than 40 years of tradition – it is one of the top specialists focused on designing, implementing and servicing photovoltaic, wind, hydro and gas incinerating power plants. EFEKTIM operates all over Europe, Africa, near East and newly in USA. It is a renowned expert in the field of engineering, design, optimization, development, financing, testing and ensuing servicing and monitoring of photovoltaic power plants.
EcoBuild 2011
London will again be the stage for the largest trade fair focusing on permanent sustainability in energy, construction and architecture. EcoBuild 2011 will introduce its visitors to new trends in the field of energy and innovations in research and technological development. Ecobuild exhibitors, one of which is also the PhonoSolar brand, will offer current innovations and products from the area of renewable energy sources.
EcoBuild trade fair is one of the most significant trade fairs in the area of sustainable development, construction and architecture. It will welcome more than 1,300 exhibitors and over 40,000 visitors at the start of March 2011. At the same time there will be almost 100 free seminars held at the London trade fair which will provide practical advice on implementation of sustainable development into everyday life.
Phono Technologies Switzerland AG
Phono Technologies Switzerland is a top international solar energy company. It specializes in the manufacture of PhonoSolar photovoltaic panels, PhonoWind wind micro-turbines and together with its partners offers the implementation of photovoltaic power plants.
Additional information and contact
We cordially invite everyone with interest in renewable energy sources, experts and laymen alike, to visit our stand no. N1460. We will keep you further updated on information around the EcoBuild trade fair and the exhibit of Phono Technologies Switzerland.
Phono Technologies Switzerland AG
Sandgrube 29
CH-9050 Appenzell
Switzerland
Web: www.phonosolar.co.uk
Thursday, February 17, 2011
Korea to Manufacture High Quality Polysilicon
SEOUL, South Korea and ST. PETERS, Mo., Feb. 15, 2011 /PRNewswire/ -- Samsung Fine Chemicals (SFC) and MEMC Electronic Materials, Inc. (NYSE: WFR) announced today a joint venture agreement between SFC and MEMC's affiliate, MEMC Singapore, to produce high purity polysilicon in Ulsan, Korea.
Through a 50/50 capital investment, the joint venture will build and operate a new facility on an existing SFC property in Ulsan. The facility, which is expected to begin production in 2013, will have an initial capacity of 10,000 metric tons (MT) of polysilicon annually, and have the potential to expand to satisfy rapidly growing demand over time.
The collaboration seeks to provide polysilicon to support growth initiatives as well as minimize business risk by ensuring cost and quality competitiveness through the combination of MEMC and SFC's advanced technology and processing infrastructure. SFC's core competence is in chlorination processes and high purity purification technology. MEMC is a world leader in semiconductor and solar technology, with over 50 years of expertise in polysilicon and wafers.
Commenting on the agreement, Hyun-min Hong, Executive Director of SFC's Strategic Planning Division, said, "This joint venture signals SFC's entry into the fast moving renewable energy market and establishes a new engine for long-term growth."
Ken Hannah, President of MEMC Solar Materials, added, "We are very excited about bringing MEMC's polysilicon technology to Korea. This partnership supports MEMC's internal growth commitments, and gives us yet another tool to support our customers in the region with some of the best products and services in the industry."
About Samsung Fine Chemicals
SFC is a chemical affiliate of Samsung Group and a producer of electronic materials such as Laser Printer Toner, BT Powder, and Liquid Crystal Polymer, as well as specialty chemicals used for a variety of industries, including pharmaceutical coating materials and construction additives. SFC is reinforcing the business portfolio by expanding into environmental friendly products such as biodegradable polymer, and renewable energy materials. SFC's common stock is listed on the Korean Stock Exchange under the symbol "004000.KR" and is included in the KOSPI 200 Index. For more information on SFC, please visit www.sfc.samsung.co.kr.
About MEMC
MEMC is a world leader in semiconductor and solar technology. MEMC has been a pioneer in the design and development of silicon wafer technologies for 50 years. With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. Through its SunEdison subsidiary, MEMC is also a developer of solar power projects and a worldwide leader in solar energy services. MEMC's common stock is listed on the New York Stock Exchange under the symbol "WFR" and is included in the S&P 500 Index. For more information about MEMC, please visit www.memc.com.
Forward Looking Statements
Certain matters discussed in this press release are forward-looking statements, including that the facility is expected to begin production in 2013; and that the facility will have an initial capacity of 10,000 metric tons (MT) of polysilicon annually. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include the ability of the parties to reach expected capacity; delays or interruptions in bringing the plant online; the timely availability of required permits and authorizations from governmental entities and third parties; the ability of the parties to perform their obligations under the joint venture agreement; and other risks described in MEMC's filings with the Securities and Exchange Commission, including its Form 10-K for the 2009 fiscal year and its quarterly reports on Form 10-Q for the first, second and third quarters of 2010. These forward-looking statements represent MEMC's judgment as of the date of this release. MEMC disclaims, however, any intent or obligation to update these forward-looking statements.
Through a 50/50 capital investment, the joint venture will build and operate a new facility on an existing SFC property in Ulsan. The facility, which is expected to begin production in 2013, will have an initial capacity of 10,000 metric tons (MT) of polysilicon annually, and have the potential to expand to satisfy rapidly growing demand over time.
The collaboration seeks to provide polysilicon to support growth initiatives as well as minimize business risk by ensuring cost and quality competitiveness through the combination of MEMC and SFC's advanced technology and processing infrastructure. SFC's core competence is in chlorination processes and high purity purification technology. MEMC is a world leader in semiconductor and solar technology, with over 50 years of expertise in polysilicon and wafers.
Commenting on the agreement, Hyun-min Hong, Executive Director of SFC's Strategic Planning Division, said, "This joint venture signals SFC's entry into the fast moving renewable energy market and establishes a new engine for long-term growth."
Ken Hannah, President of MEMC Solar Materials, added, "We are very excited about bringing MEMC's polysilicon technology to Korea. This partnership supports MEMC's internal growth commitments, and gives us yet another tool to support our customers in the region with some of the best products and services in the industry."
About Samsung Fine Chemicals
SFC is a chemical affiliate of Samsung Group and a producer of electronic materials such as Laser Printer Toner, BT Powder, and Liquid Crystal Polymer, as well as specialty chemicals used for a variety of industries, including pharmaceutical coating materials and construction additives. SFC is reinforcing the business portfolio by expanding into environmental friendly products such as biodegradable polymer, and renewable energy materials. SFC's common stock is listed on the Korean Stock Exchange under the symbol "004000.KR" and is included in the KOSPI 200 Index. For more information on SFC, please visit www.sfc.samsung.co.kr.
About MEMC
MEMC is a world leader in semiconductor and solar technology. MEMC has been a pioneer in the design and development of silicon wafer technologies for 50 years. With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. Through its SunEdison subsidiary, MEMC is also a developer of solar power projects and a worldwide leader in solar energy services. MEMC's common stock is listed on the New York Stock Exchange under the symbol "WFR" and is included in the S&P 500 Index. For more information about MEMC, please visit www.memc.com.
Forward Looking Statements
Certain matters discussed in this press release are forward-looking statements, including that the facility is expected to begin production in 2013; and that the facility will have an initial capacity of 10,000 metric tons (MT) of polysilicon annually. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include the ability of the parties to reach expected capacity; delays or interruptions in bringing the plant online; the timely availability of required permits and authorizations from governmental entities and third parties; the ability of the parties to perform their obligations under the joint venture agreement; and other risks described in MEMC's filings with the Securities and Exchange Commission, including its Form 10-K for the 2009 fiscal year and its quarterly reports on Form 10-Q for the first, second and third quarters of 2010. These forward-looking statements represent MEMC's judgment as of the date of this release. MEMC disclaims, however, any intent or obligation to update these forward-looking statements.
Subscribe to:
Posts (Atom)