Solar Thin Films, Inc. Provides Update to Market
July 11 2013 - 9:00AM
Business Wire
Solar Thin Films, Inc. (USOTC: SLTZ) (the “Company”), an
environmentally conscious company working to bring new products to
market with a strong focus on Fiber Reinforced Plastics technology
(FRP), as well as waste to energy and solar energy, releases the
following Stockholder update.
In recent developments, the Company is pleased to report the
following progress toward building near-term stockholder value:
1) The Company is in advanced negotiations to
complete the purchase of a large manufacturing facility in North
Carolina. The finalization of this purchase will enable the Company
to commence manufacturing of its core product lines, including
products which employ patented FRP technology, such as shipping
containers and disaster relief housing.
2) The Company is finalizing negotiations to
build the first of its Eco-houses in the Long Island area of New
York. The Eco-house is a unique building designed to replace houses
lost in the devastation of Hurricane Sandy last year. This unique
building is designed to withstand 7.5 feet of water surge from the
ocean, has insulated windows that can withstand 150 mph winds, and
is powered with integrated solar panels.
3) The Company is additionally in
negotiations to build, own and operate solar fields in West
Virginia and Kentucky. The electricity generated from these fields
would be sold to major electrical utility companies, and could
generate years of secure ongoing revenue for the Company.
The Company’s Chief Executive Officer, James Solano commented:
“We have made excellent progress since the QRT acquisition and are
excited to be able to report prospective near-term revenue building
events, in advance of commencing operations in our future
manufacturing facility. We are confident our efforts and
initiatives will bring tremendous value to our stockholders. We
will continue to provide updates on progress in all areas of our
Company as news develops.”
About Solar-Thin Films, Inc.
Through its subsidiary Quality Resource Technologies, Inc., the
Company is focused on developing its business in three areas: (1)
developing and manufacturing shipping containers using 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 initially
in the United States and the Caribbean.
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.
Notwithstanding the language set forth in the preceding
paragraph, the safe harbor for forward-looking statements under the
Private Securities Litigation Reform Act of 1995 is not available
for statements made by an issuer of a penny stock.
Investors should review the Company’s filings with the OTC
Markets including, but not limited to, sections with respect to
intellectual property.
For more information, contact:James Solano, President &
CEOTel: 1 (516) 341 - 7787Email: allenvte@gmail.com
Solar Thin Films, Inc.James Solano, 1-516-341-7787President
& CEOallenvte@gmail.com
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