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SOEN.OB |
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Solar EnerTech Corp. (SOEN:OTBB) will manufacture quality solar cells and state-of-the-art solar applications, and establish a research program aimed at developing increased efficiency solar cells. Based in Shanghai, China, Solar EnerTech has established a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park—a newly dedicated high tech business park in the largest economic and transportation center of China.
Solar EnerTech will invest in photovoltaic cell research to develop higher efficiency cells—and put the results of that research to use right away in the company's manufacturing processes. Led by one of the industry's top scientists, the company's R&D program will work towards bringing Solar EnerTech to the forefront of advanced solar technology research and production.
Solar EnerTech has also established a marketing, purchasing and distribution arm in the Silicon Valley region of Northern California. Demand for solar electric energy has consistently grown by 20-25% per year over the past 20 years. This growth has occurred against a backdrop of rapidly declining costs and prices due to increased efficiency of solar cells and improvements in manufacturing technology.
The photovoltaic solar industry now generates over US$3-4 billion globally, including the sale and installation of solar energy systems. In a time of skyrocketing fuel costs and increased pollution from fossil fuels, solar energy is receiving renewed government, business and homeowner support as a viable alternative energy source.
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"Solar EnerTech is a photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China where the Company is establishing a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park. Solar EnerTech plans to invest in PV cell research to develop higher efficiency cells and put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company's R&D program will work to 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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