Wednesday, May 21, 2008

ET Solar Group Announces Establishment of Korean Subsidiary in Seoul, Korea

NANJING, China, May 19 /Xinhua-PRNewswire/ -- ET Solar Group Corp. ("ETSolar"), a Nanjing-based vertically integrated manufacturer of photovoltaic products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems with manufacturing facilities located in Taizhou, China, announced today that it has established a wholly owned subsidiary in Seoul, Korea.

Following the establishment of an Italian office in Rome this March, ET Solar now opens a subsidiary in Seoul to handle sales and procurement efforts in Korea.

"We see Korea as the second largest PV market in the near future in Asia ex-Japan, and the establishment of our presence will further strengthen our global brand name and enable us to better understand and address the fast increasing demand of PV equipment and turn key solutions in this market," commented Dennis She, Chief Sales Officer of ET Solar. "In particular, Korea is an ideal market for dual-axis tracking systems and ET Solar is one of the very few companies that is offering both modules and state-of-the-art tracking systems to our customers in the region."

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