Solar Thin Films, Inc. in Talks with Large European Renewable Energy Developer
January 08 2012 - 10:36AM
Business Wire
Solar Thin Films, Inc. (Pinksheets:SLTZ) (the "Company") today
announced that the Company is in talks with a large European
renewable energy developer on several solar energy projects in
Europe. The total output of such projects is anticipated to exceed
100 megawatts. There can be no assurance that any contracts will
result from such talks, or that any contracts signed will have
successful results.
Adiv Baruch, Chairman of the Board of the Cenergy Global Corp.,
a wholly-owned subsidiary of the Company, stated, "We are building
a strong relationship with some of the leading players in the
European market, who are experienced in developing profitable
renewable energy projects. We are exposed to large size projects
with unique economic parameters."
About Solar Thin Films, Inc.
Solar Thin Films, Inc. was formerly engaged in the manufacturing
of solar module production equipment and turnkey amorphous silicon
module factories. The Company has shifted its focus from turnkey
facility production, to establishment, operation and management of
solar farms domestically and internationally.
About Cenergy Global Corp.
Cenergy will seek to engage in the development and syndication
of Solar Power projects. Forming Cenergy is the Company's latest
step in shifting its focus to the establishment, operation and
management of solar farms.
Forward-Looking Statements
This press release, together with other statements and
information publicly disseminated by the Company, contains certain
forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. The Company
intends such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995 and includes this
statement for purposes of complying with these safe harbor
provisions. Except as otherwise required by the federal securities
laws, the Company disclaims any obligation or undertaking to
publicly release any updates or revisions to any forward-looking
statement contained herein.
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