HONG KONG, April 2, 2008 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation (Nasdaq: CTDC; "the Company" or "CTDC"), a provider of clean and renewable energy products and solutions focusing on solar energy business in China, today announced that the Company attended the inauguration ceremony of the first 5MW Thin Film Amorphous Silicon Solar Module manufacturing line in Changzhou, China, which is the manufacturing plant of China Stream Fund Solar Energy Company ("China Stream Solar"). According to the expansion plan of China Stream Solar, one of our future downstream purchasers and significant business partners, an additional 30 units of 5MW Thin Film Amorphous Silicon production lines with an output capacity of 150MW will be completed by 2008. The future demand of SnO2 solar base plates will reach over 3 million per year, which potentially requires more than 40 SnO2 production lines.
Mr. Alan Li, Chairman of the Company, as well as Mr. Yuan Lee, Chairman of Terra Solar Global Inc, CTDC's strategic partner and Mr. Henry Behnke, Chairman of China Solar Energy Holdings Limited attended the ceremony. The three chairpersons discussed with the Chairman of China Stream Solar, Mr. Ao Yang, in relation to the future cooperation contract of the SnO2 solar plate business. Meanwhile, the technical engineers from the Company and China Steam Solar discussed and exchanged the details of the specific technical parameters in preparation of the SnO2 base plate production and delivery.
"We are very delighted to see the significant progress from our
potential customer and are truly confident that we will be able to build a
strong partnership with them in the near future. We are continuing to
devote our best effort to accelerate the quality assurance testing and
certification process of our final product, which is planned to be
available on the market by end of the second quarter of this year. In
addition, we are expecting to have a min
|SOURCE China Technology Development Group Corporation|
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