Air Products Initiates Gas Supply Contract With Taiwan's Green Energy Technology
February 24 2009 - 9:00AM
PR Newswire (US)
GET Will Mass Produce Thin-Film Photovoltaic Modules in Taiwan
LEHIGH VALLEY, Pa., Feb. 24 /PRNewswire-FirstCall/ -- Air Products
(NYSE: APD) today announced it has begun supplying bulk and
specialty gases to Taiwan-based solar energy company Green Energy
Technology's (GET, TWSE: 3519TT) new thin-film photovoltaic (PV)
production facility in Kuanyin Industrial Park, Taoyuan, Taiwan.
The contract between Air Products and GET calls for long-term
supply of nitrogen as well as silane and the requisite gas delivery
equipment and piping. GET has built a generation 8.5 large-sized
thin-film PV plant in Kuanyin Industrial Park. By leveraging the
thin-film transistor liquid crystal display (TFT-LCD) experience of
its affiliate company, Chunghwa Picture Tubes (CPT, TWSE: 2475TT) -
the fifth largest TFT-LCD supplier worldwide -GET began thin-film
line mass production in December 2008. GET plans to reach an annual
capacity of 30 megawatts (MW) in the first quarter of 2009 and
reach 50MW by the end of 2009. "Air Products is very excited to be
working with GET as their gas supply partner, and we feel our
expertise and complete turnkey offerings will enable a fast ramp up
to meet the company's growth plans," said Corning Painter, Air
Products' Taiwan-based vice president and general manager, Global
Electronics Division. "We continue to work on new offerings to
drive down our customer's cost per watt with innovative technical,
product and equipment solutions. We are also positioned to meet the
growth needs of our customers around the world, especially in
Asia." Air Products' photovoltaic (PV) business last year won more
than 20 new contracts in Asia serving both the crystalline and
thin-film PV markets. GET's thin-film PV modules, which convert
sunlight directly into electricity, will be manufactured in much
the same way as TFT-LCDs. As one of the leading suppliers to the
TFT-LCD industry, Air Products is ideally suited to supply the new
facility. "Our strong supply position in the TFT-LCD market,
coupled with our comprehensive low-cost, turnkey offerings
specifically designed for photovoltaic customers, has enabled Air
Products to grow with this emerging industry," added Painter. With
the demand for renewable energy and improved efficiency on the
rise, Air Products is well positioned to take advantage of these
developing markets with its expertise and project experience in
areas including large scale hydrogen supply for cleaner
transportation fuels, developmental work on the hydrogen economy,
hydrogen vehicle fueling and infrastructure, leading natural gas
liquefaction technology, and now the growing supply of gases and
services for the photovoltaic industry. For more information on Air
Products' photovoltaic offerings, please visit:
http://www.airproducts.com/photovoltaics. Air Products (NYSE:APD)
serves customers in industrial, energy, technology and healthcare
markets worldwide with a unique portfolio of atmospheric gases,
process and specialty gases, performance materials, and equipment
and services. Founded in 1940, Air Products has built leading
positions in key growth markets such as semiconductor materials,
refinery hydrogen, home healthcare services, natural gas
liquefaction, and advanced coatings and adhesives. The company is
recognized for its innovative culture, operational excellence and
commitment to safety and the environment. Air Products has annual
revenues of over $10 billion, operations in more than 40 countries,
and 21,000 employees around the globe. For more information, visit
http://www.airproducts.com/. ***NOTE: This release may contain
forward-looking statements. Actual results could vary materially,
due to changes in current expectations. DATASOURCE: Air Products
CONTACT: Media, Jessica Cheng (Asia), +852-2863-0585, or Robert
Brown (U.S.), +1-610-481-1192, ; Investors, Nelson Squires,
+1-610-481-7461, . Web Site: http://www.airproducts.com/
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