Scottsdale, Arizona 9/11/2008 12:50:40 AM
News / Finance

Solar Thin Films, Inc. (SLTN.OB) Schedules Delivery and Installation of Manufacturing Plant for Grupo Unisolar, S.A

www.QualityStocks.Net would like to highlight Solar Thin Films, Inc. (OTCBB: SLTN). The company develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon modules, together with a wholly owned subsidiary based in Budapest, Hungary. Personnel associated with the company have been responsible for the setup of nearly a dozen amorphous silicon photovoltaic factories worldwide.

 

In the company’s news yesterday,

 

Solar Thin Films, Inc. announced it received $3.6 million from Grupo Unisolar S.A., as part of a $12.3 million contract, to build a 5MW turnkey amorphous silicon (a-Si) module thin-film photovoltaic manufacturing plant in Spain. With this deposit, Solar Thin Films has moved beyond the planning stage and has begun to fulfill the contract.

 

Solar Thin Films CEO Peter Lewis raved about how this project will create environmental and cost advantages for the company, while allowing them to expand their share of the photovoltaic’s market as well as establish Solar Thin Films as a clear leader in supplying cost-effective, thin film photovoltaic module manufacturing equipment,

 

Solar Thin Films is an equipment design and manufacturing company headquartered in New York with manufacturing based in Budapest, Hungary. Solar Thin Films CEO Peter Lewis is a veteran in the energy business and has over 20 years of clean technology experience.

 

Grupo Unisolar, S.A. is a corporation organized in Spain and was formed in 1982. Since its inception, Grupo has made its mark in the energies industry. The marriage of Solar Thin Films and Grupo Unisolar, S.A. on this project may mean big things for both companies and this may not be the last time these two work together.

 

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Forward-Looking Statement:

This release may contain forward-looking statements 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.