Solar EnerTech to Showcase at Intersolar San Francisco and Secures Project to Install Solar Products within Hawaiian Charter Sch
July 13 2009 - 10:20AM
PR Newswire (US)
MENLO PARK, Calif., July 13 /PRNewswire-Asia-FirstCall/ -- Solar
EnerTech Corp. (OTC:SOEN) (BULLETIN BOARD: SOEN) (the "Company")
today announced that it will appear at Intersolar San Francisco
July 14 -16, 2009 under the name SET-Solar Corp, which is the Joint
Venture between Solar EnerTech and Jiangsu Shunda Semiconductor.
This event marks Solar EnerTech's premier as an exhibitor at an
international PV trade show. SET-Solar Corp commenced operating in
May 2009. The joint venture utilizes Jiangsu Shunda Semiconductor's
strength in polysilicon and wafer supply with Solar EnerTech's
advanced solar cell technologies, resulting in a truly
vertically-integrated operation in the U.S. market with services
ranging from the production of polysilicon to ingots and wafers, to
solar cells, panels and solar system installations. The Company
also announced today that SET-Solar Corp has won its first solar
system installation project in the U.S. -- a Power Purchasing
Agreement (PPA) project with the charter school system in Hawaii.
Ka Waihano school, the site of the installation, is located in the
city of Waianae, on the island of Oahu and is located on one of the
sunniest areas on the Hawaiian islands where the sunlight is about
650 Kcal/sq-cm. With a goal of being independent from any
electrical power grid, the Hawaiian Charter School system requires
a total solar power of 4 megawatts. The current installation of 250
KW at the Ka Waihano school will be distributed over 3 buildings
and Solar EnerTech's products have been chosen because of
SET-Solar's local presence and support. The installation will begin
in late July and is expected to be completed in mid-August. About
Solar EnerTech Corp. Solar EnerTech is a photovoltaic ("PV") solar
energy cell manufacturing enterprise incorporated in the United
States with its corporate office in Menlo Park, California. The
Company has established a sophisticated 63,000 square foot
manufacturing plant located in China, in Shanghai's Jinqiao Modern
Technology Park. Currently, the Company is capable of producing
50MW of solar cells from its existing production lines. Solar
EnerTech has also established a Joint R&D Lab at Shanghai
University to develop higher efficiency cells and to put the
results of that research to use in its manufacturing processes. Led
by one of the industry's top scientists, the Company expects its
R&D program to help bring Solar EnerTech to the forefront of
advanced solar technology research and production. Safe Harbor
Statement Statements contained in this press release, which are not
historical facts, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based largely on current
expectations and are subject to a number of known and unknown
risks, uncertainties and other factors beyond our control that
could cause actual events and results to differ materially from
these statements. These statements are not guarantees of future
performance, and readers are cautioned not to place undue reliance
on these forward-looking statements, which are relevant as of the
date of the given press release and should not be relied upon as of
any subsequent date. Solar EnerTech undertakes no obligation to
update publicly any forward-looking statements. DATASOURCE: Solar
EnerTech Corp. CONTACT: Bill Zima of ICR Inc. at +1-203-682-8200
(Investor Relations), for Solar EnerTech Corp.
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