Posted on: Monday, 27 October 2008
MENLO PARK, Calif., Oct. 27 /Xinhua-PRNewswire-FirstCall/ -- Solar EnerTech Corp. (BULLETIN BOARD: SOEN) (the "Company") today announced that the Company recently completed the build out of its second solar cell production line. The new 25 MW solar cell production line is located at the Company's solar cell manufacturing facility in Shanghai and the addition of this new line doubles the company's solar cell production capacity from 25MW to 50MW.
"The completion of this second line is a great accomplishment for our company and we are pleased to have finished production two months ahead of schedule," commented Leo Young, Chief Executive Officer of Solar EnerTech. "Our business development team is working diligently to secure new orders so that we can utilize our second line to the fullest extent possible. We now have the ability to support dual-line production which provides us with the potential to increase our product orders and broaden our base of customers from Europe, North America and Asia. We are moving forward with our strategic plan and believe we are well positioned for continued growth ahead."
About Solar EnerTech Corp.
Solar EnerTech is a photovoltaic ("PV") solar energy cell manufacturing enterprise based in Shanghai, China, where the Company has established a sophisticated 63,000 square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park. The Company has two 25MW solar cell production lines as well as a 50MW solar module production facility.
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. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
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