CTDC Announces Completion of the First Transparent Polycrystalline Ecological PV Application Project in China
January 24 2011 - 6:15AM
China Technology Development Group Corporation ("CTDC", the
"Company" or "we") (Nasdaq:CTDC), a growing clean energy group
based in China to provide solar energy products and solutions,
announced that the Company has completed the construction of
ecological Building Integrated Photovoltaic ("BIPV") project (the
"PV System") at Ecological Garden in Xiamen Bay, China. It is the
first Chinese ecological transparent module BIPV project, which has
integrated the advanced ecological, environmental friendly concepts
and energy-saving techniques.
The PV System is equipped with CTDC's transparent
polycrystalline photovoltaic modules under the brand "LSP" (the
"Transparent Modules"). CTDC has been advanced in innovation of
high efficiency and high transparency BIPV modules, which are
co-designed and powered by European technical institute,
Fraunhofer. These advanced products have also been chosen to work
with the on-grid solar power plants in Molfetta and Verona of
Italy. The PV System has been designed and installed by our
internal engineers and employees. It assumes an installed capacity
of 18.6kW and will generate 30,000kWh of electricity power
annually, provide clean energy to the park lighting and lawn audio
system, and reduce CO2 emissions by 28 tons each year.
Mr. Bruno Diaz Herrera, Chief Technology Officer of CTDC, said,
"The successful completion of the PV System represents the
recognition by the domestic market towards our innovated
transparent modules. Looking forward, we will develop various
Transparent Modules to cater different market demands, and supply
system solutions to clients."
About China Technology Development Group
Corporation (Nasdaq:CTDC)
Established in 1995, CTDC has been listed on the NASDAQ Stock
Market since 1996. CTDC is a growing clean energy group in China,
which provides solar energy products and solutions. CTDC's major
shareholder is China Merchants Group, a state-owned conglomerate in
China (http://www.cmhk.com).
For more information, please visit www.chinactdc.com
Forward-Looking Statement Disclosure:
It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding:
A) the timing of product, service and solution deliveries; B) our
ability to develop, implement and commercialize new products,
services, solutions and technologies; C) expectations regarding
market growth, developments and structural changes; D) expectations
regarding our product volume growth, market share, prices and
margins; E) expectations and targets for our results of operations;
F) the outcome of pending and threatened litigation; G)
expectations regarding the successful completion of contemplated
acquisitions on a timely basis and our ability to achieve the set
targets upon the completion of such acquisitions; and H) statements
preceded by "believe," "expect," "anticipate," "foresee," "target,"
"estimate," "designed," "plans," "will" or similar expressions are
forward-looking statements. These statements are based on
management's best assumptions and beliefs in light of the
information currently available to it. Because they involve risks
and uncertainties, actual results may differ materially from the
results that we currently expect. Factors that could cause these
differences include the risk factors specified on our annual report
on Form 20-F for the year ended December 31, 2009 under "Item 3.D
Risk Factors." Other unknown or unpredictable factors or underlying
assumptions subsequently proving to be incorrect could cause actual
results to differ materially from those in the forward-looking
statements. The Company does not undertake any obligation to update
publicly or revise forward-looking statements, whether as a result
of new information, future events or otherwise, except to the
extent legally required.
CONTACT: Company Contact
Selina Xing
PR/IR Department
Tel: +86 755 2669 8709 +852 3112 8461
Email: ir@chinactdc.com
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