Solar Thin Films, Inc. Acquires Quality Resource Technologies, Inc.
May 03 2013 - 12:53PM
Business Wire
Solar Thin Films, Inc. (Pinksheets: SLTZ) (the “Company”)
announced today that a closing occurred on April 30, 2013 (the
“Closing Date”) pursuant to an agreement dated April 26, 2013 with
Quality Resource Technologies, Inc. (“QRT”) to acquire 100% of the
issued and outstanding shares of QRT in exchange for fifty (50%)
percent of the issued and outstanding shares of the Company’s
stock. As of the Closing Date, the Company acquired approximately
ninety-five (95%) percent of the QRT Shares. The Company
contemplates receiving the approval of the balance of the QRT
Stockholders within 30 days after the Closing Date.
STF intends to arrange to raise a total of $5,000,000 pursuant
to the sale of newly issued STF Common Stock; a minimum of
$2,000,000 to be raised within 60 days after the Closing Date and
the balance to be raised within 150 days after the Closing
Date.
STF shall have three operating divisions as follows: (1) an
operating division developing patent container technology for the
shipping industry, (2) an operating division for building hurricane
housing initially in the Caribbean and subsequently throughout the
World and (3) an operating division focused on renewable
energy.
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 other fields.
About Quality Resource Technologies,
Inc.
Upon raising sufficient financing, QRT will focus on (1)
developing shipping containers using its patented Fiber Reinforced
Plastics (FRP) technology, (2) building housing using patented FRP
technology and (3) developing waste-to-energy and solar energy
projects which will be marketed and sold in initially the United
States and the Caribbean.
Solar Thin Films (CE) (USOTC:SLTZ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Solar Thin Films (CE) (USOTC:SLTZ)
Historical Stock Chart
From Jul 2023 to Jul 2024