Navigation Links
China Technology Announces Entry to the Solar Energy Sector
Date:9/7/2007

HONG KONG, Sept. 7 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation (Nasdaq: CTDC; "CTDC" or the "Company") today announced the new business strategy of entering the booming solar energy sector. With strong government commitment to significantly increase China's use of renewable energy in the coming decades and rising energy demand, CTDC strongly believes the new business strategy will deliver shareholder value and higher earnings potential for the Company.

The new business strategy has received the board's approval and strong endorsement from China Merchants Group ("China Merchants"), which is currently the Company's largest shareholder and one of the major Chinese state-owned conglomerate enterprises as well as one of the Big Four Chinese enterprises in Hong Kong. The Company will be holding the Annual General Meeting in October, 2007 to obtain the shareholders' approval.

In order to implement this new strategy, the Company has established a strategic partnership with a leading solar energy solution provider. The Company will introduce the technology developed by Terra Solar Global Inc., which is a U.S. company pioneering in thin film Photovoltaics (the "Thin Film PV") industry. The Company will manufacture and sell the proprietary SnO2 base plate, a key component of a-Si (Amorphous Si) Thin Film PV products, which can optimize the performance of Building Integrated Photovoltaics (BIPV). Most importantly, the Company has become the first and only Chinese company based in China to apply this new generation technology, which is currently one of the leading technologies in the Thin Film PV industry.

Mr. Alan Li, Chairman and Chief Executive Officer of the Company, stated, "As the sole NASDAQ-listed subsidiary of China Merchants, we are committed to enhancing the profitability and maximizing the return-on-equity for our shareholders."

He also added, "We want to be in an industry that has tremendous growth potential. With strong support from our major shareholders, we are determined to build up a leading position in the renewable energy sector in the near future."

About CTDC:

CTDC is engaged in information network security in the People's Republic of China. CTDC's ultimate principal shareholder is China Merchants Group (http://www.cmhk.com ), one of the most important Chinese state-owned enterprises in China. For more information, please visit our website at http://www.chinactdc.com .

Forward-Looking Statement Disclosure:

This press release of the Company, which is a foreign private issuer, on Form 6-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Act of 1934. These statements relate to future events or the Company's future financial performance. The Company has attempted to identify forward-looking statements by terminology including "anticipates", "believes", "expects", "can", "continue", "could", "estimates", "expects", "intends", "may", "plans", "potential", "predict", "should", or "will" or the negative of these terms or other comparable terminology. These statements are only predictions, uncertainties and other factors may cause the Company's actual results, level of activity, performance or achievements to be materially different from any future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. The information in this Report on Form 6-K is not intended to project future performance of the Company. Although the Company believes that the expectations reflected in the forward- looking statements are reasonable, the Company does not guarantee future results, level of activity, performance or achievements. The Company's expectations are as of the date this Form 6-K is filed, and the Company does not intend to update any of the forward-looking statements after the date this Report on Form 6-K is filed to conform these statements to actual results, unless required by law.

Contact:

China Technology Development Group Corporation

Alan Li

Chief Executive Officer

Tel: +852-3112 8461

Email: investor.relations@chinactdc.com


'/>"/>
SOURCE China Technology Development Group Corporation
Copyright©2007 PR Newswire.
All rights reserved

Related biology technology :

1. How do you level the playing field with China?
2. Innovative Tissue Array Technology for High-Throughput Screening of Gene Expression
3. HotMasterAn innovative Hot Start/Cold Stop technology for better PCR* results
4. Enhancing Ruggedness and Full-Scan MS Sensitivity Using Ion Sweep Technology
5. Novel MicroRNA Array Technology for Sensitive miRNA Profiling
6. Amplification of genome-representative DNA from limited sources with GenomePlex WGA technology for use in genetic alterations studies
7. Use of FlashPlate Technology for In Vitro Measurement of [35S]-GTPγS Binding in CHO Cells Expressing the Human 5-HT1B Receptor
8. Use of Novel FlashPlate Technology to Measure cAMP Accumulation in Chinese Hamster Ovary Cells Expressing Human -2 Adrenoreceptors
9. Use of FlashPlate Technology for In Vitro Measurement of 125I-Labeled TGF-1 Binding on Chimeric Extracellular Domain of Type II Transforming Growth Factor Receptor
10. DNA purification from pig ears to bird blood using proven DNeasy Technology
11. Near Infrared Technology and Optical Agents For Molecular Imaging
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/27/2017)... California (PRWEB) , ... April 27, 2017 , ... ... new infographic explaining why mass flow controllers based on capillary thermal mass flow ... industrial gas mass flow control applications. Over 80% of all industrial processes—such ...
(Date:4/27/2017)... ... 27, 2017 , ... The Council for Agricultural Science and ... Lusk, a consummate communicator who promotes agricultural science and technology in the public ... explains how innovation and growth in agriculture are critical for food security and ...
(Date:4/26/2017)... SAN DIEGO, CALIF. (PRWEB) , ... April 26, ... ... Mother’s Day? Lajollacooks4u, San Diego’s premiere team-building and cooking events company, offers ... cooking classes. , Menus specialize in California cuisine, and guests leave inspired ...
(Date:4/26/2017)... Centennial, CO (PRWEB) , ... April 25, 2017 , ... ... test offerings were added to its extensive test menu: Nucleic Acid Testing (NAT) ... that time, LABS was only able to offer NAT screening for blood donors under ...
Breaking Biology Technology:
(Date:4/24/2017)... -- Janice Kephart , former 9/11 Commission ... LLP (IdSP) , today issues the following statement: ... 6, 2017 Executive Order: Protecting the Nation ... instilled with greater confidence, enabling the reactivation of ... are suspended by until at least July 2017). ...
(Date:4/19/2017)... 19, 2017 The global military ... is marked by the presence of several large global ... by five major players - 3M Cogent, NEC Corporation, ... for nearly 61% of the global military biometric market ... the global military biometrics market boast global presence, which ...
(Date:4/18/2017)... Inc., a global expert in SoC-based imaging and computing solutions, has ... features the company,s hybrid codec technology. A demonstration utilizing TeraFaces ® ... be showcased during the upcoming Medtec Japan at Tokyo Big Sight ... Las Vegas Convention Center April 24-27. ... Click here for an image of the ...
Breaking Biology News(10 mins):