Solar Thin Films, Inc Announces First Solar Tracker Installation at Golf Course
August 21 2013 - 8:30AM
Business Wire
Solar Thin Films, Inc. (OTC Markets: 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, announced today
the completion of the first installation of its Smart Solar
Tracking System (the “Tracker”) at a PGA-authorized golf course,
Manhattan Woods, in Pearl River, New York.
The Company previously announced its agreement, subject to final
documentation, to acquire the assets and business of KLC Green
Energy Corp (“KLC”) which manufactures the Tracker. The unique
feature of the Tracker is that the solar panel changes position in
response to the movement of the sun in relation to the earth; in
essence, following the sun’s path. This feature allows for a 50%
increase in the amount of energy produced by the panel and has many
applications, including outdoor lighting for walkways, property
lighting, etc. and can be used in both stand-alone and networked
lighting applications.
James Solano, Chief Executive Officer of the Company stated,
“The installation of the Tracker at Manhattan Woods is exciting for
a couple of reasons. First, because we believe that this will lead
quickly to 10-15 such installations at Manhattan Woods, as well as
positioning us to install our solar golf charger systems. Second,
we are in prime position to capture most, if not all, of the solar
installations at the many PGA-authorized golf courses around the
country. Thirdly, the spin-offs to other opportunities for the
Tracker throughout the world, is huge, given our recent
announcement of the acceptance of the Tracker system in our school
and clinic project in Uganda, Africa. The acquisition of KLC is
about to pay off handsomely, as the market opportunity for the
Tracker is in excess of $100,000 at each of the 50-plus
PGA-authorized golf courses in the USA over the next 2-3 years,
plus the thousands of other application possibilities here and
abroad.”
The previously announced acquisition of KLC is on-track to close
within the next 3-4 weeks.
About Solar-Thin Films, Inc.
Through its wholly-owned 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.
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: 516 -341-7787Email:
allenvte@gmail.com
Solar Thin Films (CE) (USOTC:SLTZ)
Historical Stock Chart
From Oct 2024 to Nov 2024
Solar Thin Films (CE) (USOTC:SLTZ)
Historical Stock Chart
From Nov 2023 to Nov 2024