Solar EnerTech Participates in China Green Technology Summit and Energy Conference
November 14 2008 - 8:30AM
PR Newswire (US)
Menlo Park, Calif., Nov. 14 /Xinhua-PRNewswire-FirstCall/ -- Solar
EnerTech Corp. (OTC:SOEN) (BULLETIN BOARD: SOEN) (the "Company")
today announced that the Company will participate in the US-China
Green Tech Summit at the 'Hyatt on the Bund' in Shanghai on
November 14th. The Green Tech Summit serves as a gathering of the
highest-ranking U.S. and Chinese business leaders and government
officials currently working with renewable and clean energy. The
event is aimed at aligning around 500 industry professionals and
policy makers for the purpose of developing immediate green energy
solutions and encouraging long-term collaboration between the US
and China. The event is being organized by the business communities
of Shanghai and the San Francisco-Silicon Valley Bay Area of
California, both of which are emerging as global centers for green
tech development. Participants at this event include prominent U.S.
government representatives including San Francisco mayor, Gavin
Newsom and California senator, Diane Feinstein. Solar Enertech's
Chief Executive Officer, Mr. Leo Young will deliver a company
presentation to a delegation that includes both Chinese and U.S.
investors, energy experts and top-level government leaders. Mr.
Young commented, "As the only California solar company with a
manufacturing base in Shanghai, we are well positioned to benefit
from increased clean technology relations between the U.S. and
China. California represents a very large opportunity for the PV
industry and we hope to benefit through our presence in both
regions. There are a solid number of U.S./California-based PV
system integrators looking for new suppliers and we believe our
solar cells and modules can be utilized for residential housing
projects, PV power stations, as well as for on and off-grid
projects in the U.S. market. We believe this conference will also
serve as an opportunity for Solar Enertech to increase the
visibility of its unique solar product applications for the rapidly
growing Chinese domestic market." 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. Safe Harbor Statement Statements contained in this
press release, which are not historical facts, are forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based largely on current expectations and are subject to a number
of known and unknown risks, uncertainties and other factors beyond
our control that could cause actual events and results to differ
materially from these statements. These statements are not
guarantees of future performance, and readers are cautioned not to
place undue reliance on these forward-looking statements, which are
relevant as of the date of the given press release and should not
be relied upon as of any subsequent date. Solar EnerTech undertakes
no obligation to update publicly any forward-looking statements.
DATASOURCE: Solar EnerTech Corp. CONTACT: Bill Zima or Karen
Gonzalez of ICR Inc., +1-203-682-8200 (Investor Relations)
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