SmallCapInvestor.com Staff Oct 25, 2007 9:12am EDT
China Technology Development Group Corp. (Nasdaq: CTDC), which provides network security for solar energy businesses in China, said that it has created a strategic partnership with Terra Solar Global Inc., a U.S. photovoltaic technology research and development company.
Under the agreement, Terra Solar will provide support in research and development of solar energy technologies based products and applications and establish distribution channels of SnO2 base plate and solar products in North America. CTDC will manufacture solar products and applications and continuously identify market opportunities to introduce advanced solar energy technologies, products and systems to China.
The partnership is said to be driven by technological advantages of Terra Solar's status in the building integrated photovoltaic market place and the cost advantages that CTDC offers through product and applications offerings and market opportunities in China.
Shares of China Technology Development Group (CTDC) rose 3.99%, or $0.37, to $9.65 in pre-market trading. Shares of China Technology Development Group have been trading in the range of $2.60 to $11.98 for the past 52 weeks.
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