Prima Fund, habe ihn soeben ans Solar EnerTech-Forum bei Wallstreet
Online weitergereicht - ist aber auch für Aktionäre von Entech
Solar interessant, die sich über Zusammmenhänge informieren
wollen....
Steve Ye wasn't at the St. Regis to pitch, even though his company,
Solar EnerTech Corp., is one of the 550 Chinese companies
currently listed on a U.S exchange ($0.14 on OTCBB at Monday's
close), and
is on the lookout for more U.S. investment.
He was there to network and in town to attend the
Intersolar
North America show ( www.intersolar.us), which begins today at
Moscone Center and the Intercontinental Hotel.
Solar EnerTech,
whose solar energy photovoltaic cells are sold mostly in Europe and
Australia, is one of the 570 exhibitors there.
But Ye not only wants his company to break into the U.S. market, he
wants it to be known as a "U.S. company which does its
manufacturing in China."
The company has a head start in that rebranding pursuit, having
been founded, and still headed, by a Silicon Valley serial
entrepreneur, Leo Shi Young, and lists its corporate office in
Mountain View.
"We're looking to differentiate ourselves from most Chinese
companies in our space," said Ye, Solar EnerTech's CFO. "We want to
be known for our quality and technology, even if it takes longer
for us to grow 
.
They see themselves simply as commodity suppliers, less focused on
the long term, more on making a fast buck now."
Part of that longer-term view involved the establishment last year
of a separate R&D facility in partnership with Shanghai
University and
seeking greater efficiencies in the production of
PV cells.
While it "was hit pretty hard" by the global recession and the
collapse of solar prices, the company - which I first encountered
in a reporting trip to Shanghai in November 2008 - has
since
opened a second production facility outside Shanghai,
recorded consecutive quarterly profits and projects sales of $80
million this year.
The company already has the backing of one major U.S. investor.
Its controlling shareholder, as of earlier this year, is the
Quercus Trust, a Los Angeles family fund run by David Gelbaum,
reportedly one of the country's largest private investors in green
tech, with an estimated $500 million invested in "40 to 50 green
tech firms," Gelbaum has said. "I'm very bullish on solar."
Read more:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/07/12/…