CTDC Participated in 4.8MW Solar Project "LUNETTA" in Italy
October 10 2011 - 8:00AM
China Technology Development Group Corporation (Nasdaq:CTDC)
("CTDC" or the "Company"), a growing clean energy group that
provides solar energy products and solutions, based in Hong Kong
with sales offices in Milan and Frankfurt, announced today that the
Company has participated in the development of a 4.8MW solar farm
("LUNETTA") in Ravenna, Italy and the solar farm has successfully
completed grid interconnection to the local utility.
CTDC's subsidiary Linsun Renewable Energy ("Linsun") signed a
participation contract with a local Italian developer in July 2011,
to jointly develop LUNETTA. Linsun takes part in LUNETTA's
development, engineering design and solar panel supply under the
"LSP" brand, as well as technical support for installation and
maintenance.
"LUNETTA brings clean energy and economic development to
Ravenna," Sean Liaw, Chief Operating Officer of CTDC said. "We are
very pleased to have accomplished a milestone solar farm project in
Italy as a developer."
About China Technology Development Group
Corporation (Nasdaq:CTDC)
CTDC, under the investment of China Merchants Group, is a
fast-growing clean energy group based in Hong Kong, providing solar
energy products and solutions to the global market under the "LSP"
brand.
For more information, please visit http://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) the
Company's ability to develop, implement and commercialize new
products, services, solutions and technologies; C) expectations
regarding market growth, developments and structural changes; D)
expectations regarding the Company's product volume growth, market
share, prices and margins; E) expectations and targets for the
Company's 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 the
Company's 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 the Company currently expect. Factors that could cause
these differences include the risk factors specified on the
Company's annual report on Form 20-F for the year ended December
31, 2010 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: Weining Zhang, Chief Communications officer
China Technology Development Group Corporation
Tel: +1 415 358 0899
Email: ir@chinactdc.com
Web: www.chinactdc.com
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