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    Kennt jemmand = SOLAR THIN FILMS INC = - 500 Beiträge pro Seite

    eröffnet am 10.12.07 14:58:29 von
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     Ja Nein
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      schrieb am 10.12.07 14:58:29
      Beitrag Nr. 1 ()
      SOLAR THIN FILMS INC (SLTN - OTC BB )nur in USA handelbar.
      Sitz der Firma ist in N.J.
      Produziert wird in Ungarn.
      Bitte um euere Einschetzung.Habe kein Thread zur der F.
      gefunden.

      Danke ANDROM
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      schrieb am 10.12.07 15:17:23
      Beitrag Nr. 2 ()
      Antwort auf Beitrag Nr.: 32.714.743 von androm am 10.12.07 14:58:29http://www.sec.gov/cgi-bin/browse-edgar?company=solar%20thin…
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      schrieb am 02.04.08 13:38:21
      Beitrag Nr. 3 ()
      SI Staff on Monday 31 March 2008
      email the content item print the content item

      Solar Thin Films Inc. has signed a three-year marketing agreement with CG Solar, under which Solar Thin Films will initially have non-exclusive rights to distribute CG Solar's photovoltaic products within North America and Europe. Solar Thin Films will receive exclusive rights to distribute CG Solar's photovoltaic products within North America, for the duration of the marketing agreement, upon the aggregate sale of 3 MW of CG Solar's product within North America and Europe.

      The agreement covers CG Solar's existing product, as well as the unreleased transparent product for building-integrated photovoltaic (BIPV) applications. Solar Thin Films will work in conjunction with CG Solar to obtain required approvals for CG Solar's photovoltaic modules in the United States and Canada. The agreement provides Solar Thin Films with a discounted price that will be further discounted upon the achievement of certain sales milestones.

      "We are delighted to be associated with CG Solar and China Glass," says Peter Lewis, CEO of Solar Thin Films. "CG Solar provides us with high-quality, dependable products. We are excited to represent CG Solar's innovative transparent technology, as it will be an ideal resource for BIPV applications."
      Avatar
      schrieb am 20.04.08 22:20:01
      Beitrag Nr. 4 ()
      Solar Thin Films, Inc. Receives $12,300,000 Order From Grupo Unisolar, S.A.
      Marketwire
      April 17, 2008: 01:03 PM EST

      Solar Thin Films, Inc. (OTCBB: SLTN) today announced that it has received an order from Grupo Unisolar, S.A. ("Grupo Unisolar") to build a 5MW turn-key a-SI Module thin film photovoltaic manufacturing plant. The facility, which will be based in Spain, will be sold to Grupo Unisolar for an aggregate purchase price of $12,300,000. In connection with the sale of the plant, the Company also agreed to provide certain installation and testing services to Grupo Unisolar. Solar Thin Films CEO, Peter Lewis, stated, "We are delighted to be associated with Grupo Unisolar. Our thin film technology presents a solution that is both cost effective and environmentally friendly."

      About Solar Thin Films, Inc.

      Solar Thin Films (www.solarthinfilms.com) develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon and CIGS photovoltaic ("PV") modules, together with a wholly owned subsidiary based in Budapest, Hungary. Personnel associated with the company have been responsible for the setup of 14 thin-film photovoltaic factories worldwide. The Company sells equipment and turnkey systems to customers including EPV Solar (Hamilton, NJ, USA) and CG Solar (Weihai, China). Management believes that its line of cost-effective thin-film photovoltaic manufacturing equipment positions the Company to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin film" PV modules as part of a cost effective, "clean technology" energy solution.

      About Grupo Unisolar, S.A.

      Grupo Unisolar, S.A. is a corporation organized and in good standing under the laws of Spain. The Company's largest shareholder is Itelsa, S.L., which was formed in 1982. Itelsa has worked together with some of the largest manufacturers in the renewable energies industry, such as BP-Solar, AEG, Siemens, Chronar, Arco, Helio, Solarex, Made, and Isofoton. Itelsa has had more than 3,000 PV and 800 thermal installations and is considered a pioneer in the solar sector within Spain. Grupo Unisolar's Corporate Brochure (in English) can be accessed through the following link: http://www.grupounisolar.com/docs/Grupo%20Unisolar%20-%20Cor…

      Forward-Looking Safe Harbor Statement
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      schrieb am 15.05.08 22:57:09
      Beitrag Nr. 5 ()
      Form 10-Q for SOLAR THIN FILMS, INC.

      15-May-2008

      Quarterly Report


      Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

      Overview

      The Company operates in Hungary through its wholly owned subsidiary, Kraft, a Hungarian corporation.

      The Company through its subsidiary is presently engaged in the design, development and construction on behalf of its customers of both photovoltaic manufacturing equipment and through strategic partners "turnkey" manufacturing plants that produce photovoltaic thin film modules (though the Company retains the right to deliver turnkey plants on its own account). The Company expects the primary use of such photovoltaic thin film modules will be the construction of solar power plants by corporations and governments.

      STF, in the future, may further vertically integrate itself within this industry through activities in, but not limited to, investing in and/or operating the module manufacturing plants, selling thin film photovoltaic modules, and through its newly formed subsidiary, Solar Thin Power, installing and/or managing solar power plants.

      Critical Accounting Estimates and Policies

      The Company's discussion and analysis of its financial condition and results of operations are based upon its consolidated financial statements that have been prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP"). This preparation requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. US GAAP provides the framework from which to make these estimates, assumption and disclosures. The Company chooses accounting policies within US GAAP that management believes are appropriate to accurately and fairly report the Company's operating results and financial position in a consistent manner. Management regularly assesses these policies in light of current and forecasted economic conditions. Accounting policies that management believes to be critical to understanding the results of operations and the effect of the more significant judgments and estimates used in the preparation of the consolidated financial statements are the same as those described in the Annual Report on Form 10-KSB of the Company for the year ended December 31, 2007 filed with SEC on April 4, 2008.

      Use of Estimates

      The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, expenses, and the disclosure of contingent assets and liabilities, if any, at the date of the financial statements. The Company analyzes its estimates, including those related to future contingencies and litigation. The Company bases its estimates on assumptions that are believed to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions.

      Results of Operations

      Three Months Period Ended March 31, 2008 compared to Three Months Period Ended March 31, 2007

      Revenue

      The following table summarizes our revenues for the three months ended March 31, 2008 and 2007:

      Three months ended March 31, 2008 2007 Total Revenue $ 287,994 $ 1,902,963

      For the three months ended March 31, 2008, revenue was decreased by $1,614,969 as compared to the similar period in 2007 due to fall in value of orders and delivered products.

      Cost of revenue

      The following table summarizes our cost of revenue for the three months ended March 31, 2008 and 2007:

      Three months ended March 31, 2008 2007 Total cost of revenue $ 256,393 $ 1,680,130

      Our cost of revenue for three months ended March 31, 2008 were $256,393 or 89.0% of our sales as compared to $1,680,130, or 88.3% of our sales for the three months ended March 31, 2007. Our cost of revenue predominantly consists of the cost of labor, raw materials and absorbed indirect manufacturing cost.

      General, selling and administrative expenses

      The following table summarizes our general, selling and administrative expenses for the three months ended March 31, 2008 and 2007:

      Three months ended March 31, 2008 2007 General, selling and administrative expenses $ 941,640 $ 1,380,778

      For the three months ended March 31, 2008 general, selling and administrative expenses were $941,640 as compared to $1,380,778 for the three months ended March 31, 2007.

      Research and development

      The following table summarizes our research and development expenses for the three months ended March 31, 2008 and 2007:

      Three months ended March 31, 2008 2007 Research and development expenses $ 90,000 $ 90,000

      Our research and development for three months ended March 31, 2008 were $90,000 compared to $90,000 for the three months ended March 31, 2007. In late 2005, the Company suspended its research and development activity, while it signed a new contract with RESI in the middle of December 2006 for a new agreement representing a monthly charge of $30,000.

      Depreciation and amortization

      The following table summarizes our depreciation and amortization for the three months ended March 31, 2008 and 2007:

      Three months ended March 31, 2008 2007 Depreciation and amortization $ 49,922 $ 23,084

      Depreciation and amortization has increased by $26,838 in the three months ended March 31, 2008 compared to the same period in 2007. The increase can be attributed to the acquisition of new equipment purchased during 2007.

      Interest expense, net

      The following table summarizes our interest expense, net for the three months ended March 31, 2008 and 2007:

      Three months ended March 31, 2008 2007 Interest expense, net $ 413,211 $ 682,805

      Interest expense, net has decreased by $269,594 in the quarter ended March 31, 2008 compared to the same period in 2007. The decrease is mainly due to the reduction in amortization of the debt discount caused by conversion convertible debentures into our common stock.

      Liquidity and Capital Resources

      As of March 31, 2008, our cash, cash equivalents and marketable securities were $2,685,047, a decrease of $1,472,429 from December 31, 2007.

      As of March 31, 2008, we had working capital deficit of $1,150,334. We generated a deficit in cash flow from operations of $190,296 for the three months ended March 31, 2008. This deficit is primary attributable to our net loss from operations of $1,453,638, net with depreciation and amortization, amortization of debt discount and deferred financing costs of $448,038 as well as $161,362 fair value of vested options and warrants issued, minority interests of $8,087 and the changes in the balances of current assets and liabilities. Accounts payable and accrued expenses and advances received from customer increased by $858,253, and inventory, receivables, prepaid expenses and other current assets increased (net) by $212,398.

      Cash flow used by investing activities for the three month period ended March 31, 2008 was $1,539,815, due to the acquisition of a 15% interest in C G Solar of $1,500,000 and the purchase of property and equipment of $39,815.

      We met our cash requirements during the period through net proceeds from the sale of common stock of our subsidiary, Solar Thin Power, Inc of $150,000.

      While we have raised capital to meet our working capital and financing needs in the past, additional financing is required in order to meet our current and projected cash flow requirements from operations and development. We believe, we have sufficient cash on hand as of March 31, 2008 to meet our working capital needs and requirements for the next twelve (12) months. However, we are seeking additional financing, which may take the form of debt, convertible debt or equity, in order to provide the additional working capital and funds for expansion. We currently have no commitments for financing. There is no guarantee that we will be successful in raising the funds required.

      OFF-BALANCE SHEET ARRANGEMENTS

      The Company does not maintain off-balance sheet arrangements nor does it participate in non-exchange traded contracts requiring fair value accounting treatment.

      TRENDS, RISKS AND UNCERTAINTIES

      We have sought to identify what we believe to be the most significant risks to our business, but we cannot predict whether, or to what extent, any of such risks may be realized nor can we guarantee that we have identified all possible risks that might arise. Investors should carefully consider all of such risk factors before making an investment decision with respect to our Common Stock.

      CAUTIONARY FACTORS THAT MAY AFFECT FUTURE RESULTS

      We have sought to identify what we believe are significant risks to our business, but we cannot predict whether, or to what extent, any of such risks may be realized nor can we guarantee that we have identified all possible risks that might arise.

      INFLATION AND FOREIGN CURRENCY

      The Company maintains its books in local currency: US Dollars for the parent holding Company and Solar Thin Film Power, Inc in the United States of America and Hungarian Forint for Kraft in Hungary.

      The Company's operations are primary outside of the United States through its wholly owned subsidiary. As a result, fluctuations in currency exchange rates may significantly affect the Company's sales, profitability and financial position when the foreign currencies, primarily the Hungarian Forint, of its international operations are translated into U.S. dollars for financial reporting. In additional, we are also subject to currency fluctuation risk with respect to certain foreign currency denominated receivables and payables. Although the Company cannot predict the extent to which currency fluctuations may or will affect the Company's business and financial position, there is a risk that such fluctuations will have an adverse impact on the Company's sales, profits and financial position. Because differing portions of our revenues and costs are denominated in foreign currency, movements could impact our margins by, for example, decreasing our foreign revenues when the dollar strengthens and not correspondingly decreasing our expenses. The Company does not currently hedge its currency exposure. In the future, we may engage in hedging transactions to mitigate foreign exchange risk.

      The translation of the Company's subsidiaries forint denominated balance sheets into U.S. dollars, as of March 31, 2008, has been affected by the weakening of the U.S. dollar against the Hungarian forint from 172.61 as of December 31, 2007, to 163.90 as of March 31, 2008, an approximate 5% depreciation in value. The average Hungarian forint/U.S. dollar exchange rates used for the translation of the subsidiaries forint denominated statements of operations into U.S. dollars, for the quarters ended March 31, 2008 and 2007 were 173.23 and 192.56, respectively.

      Effect of Recent Accounting Pronouncements

      In February 2006, the FASB issued SFAS No. 155. "Accounting for certain Hybrid Financial Instruments an amendment of FASB Statements No. 133 and 140," or SFAS No. 155. SFAS No. 155 permits fair value remeasurement for any hybrid financial instrument that contains an embedded derivative that otherwise would require bifurcation, clarifies which interest-only strips and principal-only strips are not subject to the requirements of Statement No. 133, establishes a requirement to evaluate interests in securitized financial assets to identify interests that are freestanding derivatives or that are hybrid financial instruments that contain an embedded derivative requiring bifurcation, clarifies that concentrations of credit risk in the form of subordination are not embedded derivatives, and amends SFAS No. 140 to eliminate the prohibition on a qualifying special purpose entity from holding a derivative financial instrument that pertains to a beneficial interest other than another derivative financial instrument. SFAS No. 155 is effective for all financial instruments acquired or issued after the beginning of an entity's first fiscal year that begins after September 15, 2006. We did not have a material impact on our consolidated financial position, results of operations or cash flows.

      In March 2006, the FASB issued SFAS No. 156, Accounting for Servicing of Financial Assets - an amendment to FASB Statement No. 140. SFAS No. 156 requires that an entity recognize a servicing asset or servicing liability each time it undertakes an obligation to service a financial asset by entering into a service contract under certain situations. The new standard is effective for fiscal years beginning after September 15, 2006. The adoption of SFAS No.156 did not have a material impact on the Company's financial position, results of operations or cash flows.

      In July 2006, the FASB issued Interpretation No. 48 (FIN 48). "Accounting for uncertainty in Income Taxes". FIN 48 clarifies the accounting for Income Taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition and clearly scopes income taxes out of SFAS No. 5, " Accounting for Contingencies". FIN 48 is effective for fiscal years beginning after December 15, 2006. We did not have a material impact on our consolidated financial position, results of operations or cash flows.

      In September 2006, FASB issued its SFAS No. 157, "Fair Value Measurements" ("SFAS No. 157"). SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles (GAAP), and expands disclosures about fair value measurements. SFAS No.157 applies under other accounting pronouncements that require or permit fair value measurements, the Board having previously concluded in those accounting pronouncements that fair value is the relevant measurement attribute. Accordingly, SFAS No. 157 does not require any new fair value measurements. However, for some entities, the application of SFAS No. 157 will change current practice. SFAS No. 157 is effective for fiscal years beginning after November 15, 2007. The Company does not expect adoption of this standard will have a material impact on its financial position, results of operations or cash flows.

      In September 2006 the FASB issued its SFAS No. 158, "Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of FASB Statements No. 87, 88, 106 and 132(R)" ("SFAS No. 158"). SFAS No. 158 improves financial reporting by requiring an employer to recognize the overfunded or underfunded status of a defined benefit postretirement plan (other than a multiemployer plan) as an asset or liability in its statement of financial position and to recognize changes in that funded status in the year in which the changes occur through comprehensive income of a business entity or changes in unrestricted net assets of a not-for-profit organization. SFAS No. 158 also improves financial reporting by requiring an employer to measure the funded status of a plan as of the date of its year-end statement of financial position, with limited exceptions. The effective date for an employer with publicly traded equity securities is as of the end of the fiscal year ending after December 15, 2006. SFAS No. did not have a material impact on the Company's financial position, results of operations or cash flows as the Company does not have any defined benefit pension and other postretirement plans at December 31, 2007.

      In December 2006, the FASB issued FSP EITF 00-19-2, Accounting for Registration Payment Arrangements ("FSP 00-19-2") which addresses accounting for registration payment arrangements. FSP 00-19-2 specifies that the contingent obligation to make future payments or otherwise transfer consideration under a registration payment arrangement, whether issued as a separate agreement or included as a provision of a financial instrument or other agreement, should be separately recognized and measured in accordance with FASB Statement No. 5, Accounting for Contingencies. FSP 00-19-2 further clarifies that a financial instrument subject to a registration payment arrangement should be accounted for in accordance with other applicable generally accepted accounting principles without regard to the contingent obligation to transfer consideration pursuant to the registration payment arrangement. For registration payment arrangements and financial instruments subject to those arrangements that were entered into prior to the issuance of EITF 00-19-2, this guidance shall be effective for financial statements issued for fiscal years beginning after December 15, 2006 and interim periods within those fiscal years. The Company adopted FSP 00-19-2 in the preparation of the financial statements (see Note 1).

      In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities." SFAS 159 permits entities to choose to measure many financial instruments, and certain other items, at fair value. SFAS 159 applies to reporting periods beginning after November 15, 2007. The adoption of SFAS 159 is not expected to have a material impact on the Company's financial position, results of operations, or cash flows.

      In June 2007, the Accounting Standards Executive Committee issued Statement of Position 07-1, "Clarification of the Scope of the Audit and Accounting Guide Investment Companies and Accounting by Parent Companies and Equity Method Investors for Investments in Investment Companies" ("SOP 07-1"). SOP 07-1 provides guidance for determining whether an entity is within the scope of the AICPA Audit and Accounting Guide Investment Companies (the "Audit Guide"). SOP 07-1 was originally determined to be effective for fiscal years beginning on or after December 15, 2007, however, on February 6, 2008, FASB issued a final Staff Position indefinitely deferring the effective date and prohibiting early adoption of SOP 07-1 while addressing implementation issues.

      In June 2007, the FASB ratified the consensus in EITF Issue No. 07-3, "Accounting for Nonrefundable Advance Payments for Goods or Services to be Used in Future Research and Development Activities" (EITF 07-3), which requires that nonrefundable advance payments for goods or services that will be used or rendered for future research and development (R&D) activities be deferred and amortized over the period that the goods are delivered or the related services are performed, subject to an assessment of recoverability. EITF 07-3 will be effective for fiscal years beginning after December 15, 2007. The Company does not expect that the adoption of EITF 07-3 will have a material impact on our consolidated financial position, results of operations or cash flows.

      In December 2007, the FASB issued SFAS No. 141(R),"Business Combinations" ("SFAS No. 141(R)"), which establishes principles and requirements for how an acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in an acquiree, including the recognition and measurement of goodwill acquired in a business combination. SFAS No. 141(R) is effective as of the beginning of the first fiscal year beginning on or after December 15, 2008. Earlier adoption is prohibited and the Company is currently evaluating the effect, if any, that the adoption will have on its financial position, results of operations or cash flows.

      In December 2007, the FASB issued SFAS No. 160, "Noncontrolling Interest in Consolidated Financial Statements, an amendment of ARB No. 51" ("SFAS No. 160"), which will change the accounting and reporting for minority interests, which will be recharacterized as noncontrolling interests and classified as a component of equity within the consolidated balance sheets. SFAS No. 160 is effective as of the beginning of the first fiscal year beginning on or after December 15, 2008. Earlier adoption is prohibited and the Company is currently evaluating the effect, if any, that the adoption will have on its financial position, results of operations or cash flows.

      In December 2007, the FASB ratified the consensus in EITF Issue No. 07-1, "Accounting for Collaborative Arrangements" (EITF 07-1). EITF 07-1 defines collaborative arrangements and requires collaborators to present the result of activities for which they act as the principal on a gross basis and report any payments received from (made to) the other collaborators based on other applicable authoritative accounting literature, and in the absence of other applicable authoritative literature, on a reasonable, rational and consistent accounting policy is to be elected. EITF 07-1 also provides for disclosures regarding the nature and purpose of the arrangement, the entity's rights and obligations, the accounting policy for the arrangement and the income statement classification and amounts arising from the agreement. EITF 07-1 will be effective for fiscal years beginning after December 15, 2008, which will be the Company's fiscal year 2009, and will be applied as a change in accounting principle retrospectively for all collaborative arrangements existing as of the effective date. The Company has not yet evaluated the potential impact of adopting EITF 07-1 on our consolidated financial position, results of operations or cash flows.

      In March 2008, FASB No. 161, ''Disclosures about Derivative Instruments and Hedging Activities - an amendment of FASB Statement No. 133'' (''SFAS 161'') was issued. SFAS 161 requires companies to provide enhanced disclosures regarding derivative instruments and hedging activities. It requires companies to better convey the purpose of derivative use in terms of the risks that such company is intending to manage. Disclosures about (a) how and why an entity uses derivative instruments, (b) how derivative instruments and related hedged items affect a company's financial position, financial performance, and cash flows are required. This Statement retains the same scope as SFAS 133 and is effective for fiscal years and interim periods beginning November 15, 2008. The Company is currently evaluating the potential impact of adopting SFAS 161.

      Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC did not, or are not believed by management to, have a material impact on the Company's present or future consolidated financial statements.

      Forward-Looking Statements

      We may from time to time make written or oral statements that are "forward-looking," including statements contained in this Form 10Q and other filings with the Securities and Exchange Commission, reports to our stockholders and news releases. All statements that express expectations, estimates, forecasts or projections are forward-looking statements within the meaning of the Act. In addition, other written or oral statements which constitute forward-looking statements may be made by us or on our behalf. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "may," "should," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in or suggested by such forward-looking statements. We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors on which such statements are based are assumptions concerning uncertainties, including but not limited to uncertainties associated with the following:

      (a) volatility or decline of our stock price;

      (b) potential fluctuation in quarterly results;

      (c) our failure to earn revenues or profits;

      (d) inadequate capital and barriers to raising the additional capital or to obtaining the financing needed to implement its business plans;

      (e) inadequate capital to continue business;

      (f) changes in demand for our products and services;

      (g) rapid and significant changes in markets;

      (h) litigation with or legal claims and allegations by outside parties;

      (i) insufficient revenues to cover operating costs.

      You should read the following discussion and analysis in conjunction with our financial statements and notes thereto, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of management.

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      schrieb am 31.05.08 07:58:10
      Beitrag Nr. 6 ()
      Solar Thin Films and China Singyes plan 100MW facility in China
      30 May 2008 | Fab and Facilities: News

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      Solar Thin FilmsSolar manufacturing equipment company Solar Thin Films, Inc. has signed a memorandum of understanding with China Singyes Holding, Ltd. for the construction of a 100MW module manufacturing facility in China. Solar Thin Films will supply all equipment, technology and engineering services and will retain rights to market and distribute BIPV products outside of China.

      The specific location of the planned facility was not disclosed.

      By Síle Mc Mahon
      Avatar
      schrieb am 03.06.08 09:13:29
      Beitrag Nr. 7 ()
      ... übrigend seit ein paar Tagen auch in D handelbar.

      WKN: A0MK0G
      Avatar
      schrieb am 03.06.08 12:07:06
      Beitrag Nr. 8 ()
      Antwort auf Beitrag Nr.: 34.223.600 von Kubanisch_Rauchen am 03.06.08 09:13:29Thx
      Avatar
      schrieb am 03.06.08 22:56:47
      Beitrag Nr. 9 ()
      Avatar
      schrieb am 05.06.08 12:17:09
      Beitrag Nr. 10 ()
      China Singyes Holding Limited

      http://www.zhsye.com/
      Avatar
      schrieb am 06.06.08 08:22:18
      Beitrag Nr. 11 ()
      05.06.2008 22:05
      Solar Thin Films Enters into Letter of Intent to Acquire Majority Interest in BudaSolar Technologies


      Solar Thin Films, (News) Inc. (OTC BB:SLTN.OB), a developer, manufacturer and marketer of manufacturing equipment for the production of "thin-film" amorphous silicon and CIGS photovoltaic modules, has signed a letter of intent to acquire a majority 60% interest in BudaSolar Technologies Co., Ltd. for an initial $3 million in working capital funding, with an option to purchase the remaining 40% minority interest, based on a multiple of earnings, in the combined company described below.

      BudaSolar is a developer of thin film technologies and manufacturing equipment headquartered in Budapest, Hungary. The agreement contemplates consolidation of the two companies into a single entity to be called STF Technologies, Zrt. The proposed consolidation, which joins BudaSolar operations with Kraft Elektronikai Zrt, Solar Thin Film's main operating subsidiary in Hungary, would strengthen the engineering team, secure local equipment manufacturing capacity, and expand production capability.

      “This proposed agreement to invest in BudaSolar Technologies is another step forward in our goal to become a leader in supplying cost-effective thin film photovoltaic module manufacturing equipment,“� said Peter Lewis, chief executive officer of Solar Thin Films. “We are joining together with a group of individuals who have led our industry in the design, installation and commissioning of turnkey amorphous silicon lines producing thin film amorphous silicon photovoltaic modules. BudaSolar offers Solar Thin Films leading-edge technical expertise in the development of amorphous silicon and micro-crystalline/amorphous tandem cells and some key BIPV technologies, as well as access to a strong pipeline of new business. Our combined expertise should offer us a strong competitive advantage in the marketplace.“�

      About Solar Thin Films

      Solar Thin Films (www.solarthinfilms.com) develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon and CIGS photovoltaic ("PV") modules, together with a wholly owned subsidiary based in Budapest, Hungary. Personnel associated with the company have been responsible for the setup of nearly a dozen amorphous silicon photovoltaic factories worldwide. The Company sells both “turnkey systems“� to customers including CG Solar in China and Grupo Unisolar in Spain, and contracted equipment to customers including EPV Solar (Hamilton, NJ, USA). Its line of proven, cost-effective thin-film photovoltaic manufacturing equipment positions the Company to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin film" PV modules as part of a cost effective, "clean technology" energy solution.

      Forward-Looking Safe Harbor Statement

      Statements in this news release regarding future financial and operating results, potential applications of the Company's technology, opportunities for the Company, and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements including: limited operating history, need for future capital, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company's periodic reports, including Forms 10-KSB, 10-QSB, 8-K, and other forms filed with the Securities and Exchange Commission ("SEC").

      These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties
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      schrieb am 17.06.08 11:15:15
      Beitrag Nr. 12 ()
      laut "Hot Stocks Investor" eine unentdeckte Solarperle. Hab mir mal ne kleine Posi geholt.
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      schrieb am 13.07.08 06:08:03
      Beitrag Nr. 13 ()
      Leitbild
      To become one of the leading global thin-film PV equipment manufacturers providing components and turnkey systems (together with our technology partners) as well as related services including project management and financing. Zu einem der weltweit führenden Dünnschicht-PV-Anlagen Herstellern, die Komponenten und kompletten Systemen (zusammen mit unseren Technologie-Partnern) sowie die dazugehörigen Dienstleistungen, einschließlich Projekt Management und Finanzierung.
      About Us Wir über uns
      Solar Thin Films, Inc. (STF) is a manufacturing and engineering company specializing in the design and construction of high-tech equipment and turnkey production facilities for the manufacture of "thin-film" solar photovoltaic (PV) modules. Solar Thin Films, Inc. (STF) ist ein Produktions-und Engineering-Unternehmen, spezialisiert auf die Planung und der Bau von High-Tech-Ausrüstung und schlüsselfertige Produktionsanlagen für die Herstellung von "Thin-Film" Photovoltaik (PV) Module. The Company is headquartered in New York (USA), with manufacturing based in Budapest, Hungary (Europe). Das Unternehmen hat seinen Hauptsitz in New York (USA), mit der Herstellung Sitz in Budapest, Ungarn (Europa).
      Business Segments Geschäftsfelder

      * Thin-film PV equipment and turnkey systems (with technology partners) Dünnschicht-PV-Anlagen und schlüsselfertige Systeme (mit Technologie-Partnern)
      * PV power systems project management and financing PV-Systeme Projektmanagement und Finanzierung
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      schrieb am 11.10.08 01:57:10
      Beitrag Nr. 14 ()
      Solar Thin Films Buys Hungary-Based Equipment Manufacturer
      in News Departments > FYI
      by SI Staff on Friday 03 October 2008
      email the content item print the content item

      Solar Thin Films Inc., through its Kraft Elektronikai Zrt subsidiary, has signed a definitive agreement to acquire BudaSolar Technologies Co. Ltd., which designs and markets turnkey systems for the production of thin-film amorphous silicon solar modules.

      "Combining forces with BudaSolar is designed to advance our goal of becoming a leader in supplying cost-effective thin-film photovoltaic module manufacturing equipment and our transition from lower-margin equipment sales to higher-margin turnkey system sales," says Peter Lewis, CEO of Solar Thin Films.

      SOURCE: Solar Thin Films
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      schrieb am 15.10.08 00:35:36
      Beitrag Nr. 15 ()
      September 10, 2008

      New York, NY, USA: Solar Thin Films Schedules Equipment Delivery for Thin Film Manufacturing Plant

      Solar Thin Films, Inc, a manufacturer of equipment for the production of amorphous silicon (a-Si) photovoltaic modules, has received $3.6 million from Grupo Unisolar, S.A., against the $12.3 million contract to build a 5MW turn-key a-Si module thin-film photovoltaic manufacturing plant in Spain.

      With this 30% deposit, Solar Thin Films says that the company has moved beyond the planning stage, and has begun to fulfill the contract.

      Delivery and installation is expected to commence in late 2008 and to be completed during 2009. Solar Thin Films will receive an additional 50% of the $12.3 million dollar purchase price upon delivery of the equipment throughout 2009, and the remaining 20% upon completion and acceptance.

      Under the terms of the turnkey sale, Solar Thin Films will also provide certain installation and testing services to Grupo Unisolar.

      "With this payment, we are ready to move beyond the initial phases of the project and schedule the first deliveries for the fourth quarter. We expect to deliver and install throughout 2009 and to have acceptance late next year," said Peter Lewis, chief executive officer of Solar Thin Films.

      "This plant is another opportunity for Solar Thin Films to demonstrate its capabilities and process expertise in producing a complete line of cost-efficient manufacturing equipment for the production of thin-film amorphous silicon modules. The environmental and cost advantages of thin-film a-Si over crystalline silicon and other thin-film technologies is creating many opportunities for us to expand our share of the photovoltaics market and establish Solar Thin Films as a clear leader in supplying cost-effective, thin-film photovoltaic module manufacturing equipment. As thin-film technology continues to advance we anticipate it will play an increasing role relative to crystalline silicon and garner a growing share of the solar power market," concluded Lewis.
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      schrieb am 10.11.08 06:33:41
      Beitrag Nr. 16 ()
      November 7, 2008

      Dix Hills, NY, USA: Solar Thin Films Inc to Acquire Algatec

      Solar Thin Films, Inc., a manufacturer of equipment for the production of thin-film amorphous silicon photovoltaic solar modules, has entered into a share exchange agreement to acquire Algatec Solar AG, a German company that produces and markets metallurgic silicon crystalline solar panels or modules.

      Under the terms of the proposed transaction, the stockholders of Algatec will exchange 100% of the shares of capital stock of Algatec for 50,000 shares of Solar Thin Films Series B-5 convertible preferred stock. The Series B-5 preferred stock is convertible at any time at the option of the holders into that number of shares of Solar Thin Films common stock as shall represent 60% of its fully diluted common stock as at the date of closing of the Algatec acquisition, after giving effect to the share exchange and any additional shares of common stock issued or issuable in connection with any convertible securities or warrants issued prior to the acquisition. The shares issued to the Algatec stockholders are, however, subject to dilution resulting from the "Algatec Financing" described below or from the exercise of any of the 12.0 million outstanding Solar Thin Film warrants, exercisable at prices ranging from $2.00 to $3.30 per share. At the present time, a total of approximately 57.8 million shares of Solar Thin Films common stock are issued and outstanding.

      Algatec currently has a backlog of contracted-for orders for crystalline photovoltaic solar modules of approximately 92 MW in 2009. Approximately 87% of the 2009 backlog, or 80 MW, is represented by sales to Q-Cells International GmbH, a leading producer of metallurgical crystalline and other solar cells capable of converting solar energy into electricity. Algatec has entered into an OEM agreement with Q-Cells for the sale of approximately 80 MW of crystalline photovoltaic solar modules in 2009, which Algatec believes will represent approximately $100.0 million in 2009 revenues. The OEM agreement with Q-Cells expires on December 31, 2009, and the renewal or extension of such agreement beyond such date is subject to negotiation and mutual agreement of the parties.

      Based on its unaudited statement of operations, for the nine months ended September 30, 2008, Algatec and its predecessor generated approximately EUR 1.27 million (approximately USD $1.65 million) in net income on revenues of approximately EUR 8.6 million (approximately USD $11.2 million), as compared to its 2007 results of a loss of EUR 378,000 on revenues of EUR 2.5 million.

      In order to increase its production capacity to meet its order backlog, Algatec will have to expand its existing manufacturing facility located in Prosen, Germany and install five lines of production equipment in its facility. The cost of such facility expansion and production lines is approximately EUR 34.6 million (USD $50.0 million). Completion of the Algatec acquisition is subject to a number of conditions, including execution of mutually acceptable definitive agreements, mutual due diligence by the parties, and completion of a $50.0 million debt financing for Algatec (the "Algatec Financing"). Solar Thin Films, Inc. is analyzing a number of fixed asset and equipment financing alternatives for Algatec, including a potential high yield senior secured note offering.

      Commenting on the proposed transaction, Mr. Rubin stated, "Combining forces with Algatec enables Solar Thin Films to produce both equipment for amorphous silicon modules as well metallurgical crystalline photovoltaic modules. With our recent agreements to acquire BudaSolar Ltd. of Hungary and our proposed acquisition of Algatec, Solar Thin Films is positioning itself to command leading-edge technical expertise in the development of equipment and modules utilizing of variety of technological innovations."
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      schrieb am 19.11.08 16:15:28
      Beitrag Nr. 17 ()
      Item 1.01 Entry into a Material Definitive Agreement.

      The Transactions

      On October 20, 2008, Robert M. Rubin, Chairman and Chief Financial Officer of Solar Thin Films, Inc. (the “Company”), formed Algatec Equity Partners, L.P., a Delaware limited partnership (the “Partnership”), for the purpose of acquiring up to 49% of the share capital of Algatec Solar AG, a stock corporation organized under the laws of Germany (“Algatec”). Effective as October 30, 2008, Algatec and members of Algatec senior management consisting of Messrs. Rainer Ruschke, Ullrich Jank, Dr. Stefan Malik and Andre Freud (collectively, the “Management Stockholders”), and R. Richter, Esq., as trustee for Mr. Ruschke and another Algatec stockholder (the “Trustee”), entered into a share purchase agreement (the “Algatec Share Purchase Agreement”). Under the terms of the Algatec Share Purchase Agreement, on November 3, 2008 (the “First Closing”) the Partnership invested and aggregate of $3,513,000, of which approximately €2,476,000 was represented by a contribution to the equity of Algatec to enable it to acquire all of the assets and equity of Trend Capital GmbH & Co Algatec Solarwerke Brandenburg KG, a German limited partnership (“Trend Capital”). The Partnership also purchased for €1.00 per share a total of 13,750 Algatec shares, representing 27.5% of the outstanding share capital of Algatec.

      In addition to its equity investment at the First Closing, the Partnership has agreed, under the terms of a loan agreement entered into at the same time as the Algatec Share Purchase Agreement, to lend to Algatec on or before November 30, 2008 (the “Second Closing”), an additional $2,800,000 or approximately €2,000,000. The proceeds of the loan will be used to assist Algatec in completing the purchase of all of the assets and equity of the Trend Capital limited partnership. Upon funding of the loan, the Partnership will purchase for €9,250 an additional 9,250 shares, representing 21.5% of the outstanding share capital of Algatec, thereby increasing its ownership to an aggregate of 49% of the outstanding share capital of Algatec. The loan, together with interest at the rate of 6% per annum, is repayable on the earlier of December 31, 2011 or the completion of a proposed senior secured debt financing for Algatec of up to $50.0 million (the “Algatec Financing”). In the event that the Partnership timely funds the loan at the Second Closing, the Management Group will own 51% of the share capital of Algatec and the Partnership will own 49% of the share capital of Algatec.

      The general partner of the Partnership is Algatec Management LLP, a Delaware limited liability company owned by The Rubin Family Irrevocable Stock Trust and other persons. Mr. Rubin and a business associate of Mr. Rubin are the managers of the general partner. Under the terms of the limited partnership agreement, the general partner agreed to invest a total of $165,000 in the Partnership in consideration for 5.0% of the assets, profits and losses of the Partnership. The limited partners, who invested an aggregate of $3,200,000 at the First Closing and additional persons the Partnership will seek to admit as limited partners by the Second Closing, will own 95.0% of the Partnership assets, profits and losses. The Rubin Family Irrevocable Stock Trust invested an additional $1,500,000, as a limited partner, on the same terms as other limited partners of the Partnership.

      Effective as of October 30, 2008, the Trustee, the Management Group and the Partnership (collectively, the “Algatec Stockholders”) and Algatec entered into a stock exchange agreement with the Company (the “Stock Exchange Agreement”) under which the Algatec Stockholders (including the Partnership) agreed to exchange 100% of the share capital of Algatec for 50,000 shares of Company’s Series B-5 preferred stock which is convertible at any time at the option of the holder(s) into that number of shares of common stock of the Company (“Company Common Stock”) as shall represent 60% of the “Fully-Diluted Common Stock” of Company. The term “Fully-Diluted Common Stock” means the aggregate number of shares of Company Common Stock issued and outstanding as at the date of closing of the share exchange, after giving effect to (i) the issuance by the Company between the date of the First Closing and the closing of the share exchange of any Company Common Stock or shares issuable upon the conversion or exercise of any securities convertible into or exercisable for shares of Company Common Stock. However, Fully-Diluted Common Stock does not include, and the Algatec Stockholders will be subject to pro-rata dilution in connection with, (i) any shares of Company Common Stock issued or issuable upon exercise of the 12,000,000 currently outstanding warrants expiring on June 30, 2010 that are exercisable at exercise prices ranging from $2.20 to $3.30 per share, or (ii) any shares of Company Common Stock issued or issuable upon the conversion or exercise of any securities convertible into or exercisable for shares of Company Common Stock in connection with the Algatec Financing.

      - 2 -

      Under the terms of the Stock Exchange Agreement, each of Messrs. Ruschke, Malik, Jank and Freud will be employed under five year employment agreements with Algatec pursuant to which Mr. Ruschke will receive an annual salary of €180,000 (approximately USD $246,600) and each of Messrs. Malik, Jank and Freud will receive annual salaries of €100,000 (approximately USD $137,000), subject to 5% annual cost-of-living increases. In addition, such executives shall be entitled to receive annual bonuses equal to 10% of the annual net income before interest and taxes of Algatec (“EBIT”) for each of the five years, subject to an annual “cap” on such bonuses that will not exceed 100% of their annual salaries if annual EBIT is €10.0 million or less in any of the five fiscal years, and 200% of their annual salaries if such annual EBIT is more than €10.0 million in any of the five fiscal years. Each of Messrs. Ruschke, Malik, Jank and Freud have also agreed, for a period equal to the greater of five years or the term of their individual employment with Algatec, not to compete with the “business” of the Company (defined as (i) the manufacture and sale of photovoltaic module equipment of all types, (ii) the installation of turn-key module manufacturing facilities of all types; (iii) the manufacture and sale of photovoltaic cells or modules of all types; and (iv) the installation and operation of power projects, including the supplying of solar power electricity to private industry, consumers or local or foreign governments and municipalities).

      Upon consummation of the Algatec acquisition, the board of directors of the Company shall be expanded to seven persons, of which three members of the board of directors shall be represented by the Management Stockholders. Messrs. Ruschke, Malik and Jank have agreed to serve on the Company’s board of directors.

      As at the date of this Current Report, there are an aggregate of 57,783,600 shares of Company Common Stock issued and outstanding. Assuming no additional shares of Company Common Stock or securities are issued prior to the closing date of the Algatec acquisition, an additional 86,675,400 shares of Company Common Stock will be issued to all of the Algatec Stockholders, including 42,470,946 shares to be issued to the Partnership or its partners in respect of its 49% equity interest in Algatec, assuming the Partnership makes the additional $2,800,000 (approximately €2,000,000) loan at the Second Closing. In such connection, assuming it makes no further investment in the Partnership, The Rubin Family Irrevocable Stock Trust will receive as a partner of the Partnership (in addition to its current ownership of 6,117,114 shares of Company Common Stock), approximately an additional 10,511,558 shares of Company Common Stock. Through their ownership of 51% of the Algatec share capital, Messrs. Ruschke, Malik, Jank and Freud would receive in the share exchange transaction, an aggregate of 44,204,454 shares of Company Common Stock.

      Consummation of the transactions contemplated by the Stock Exchange Agreement is subject to a number of conditions, including (i) completion on or before March 31, 2009 of the Algatec Financing on terms satisfactory to the Company and the Management Stockholders of Algatec, and (ii) delivery of audited financial statements of Trend Capital for fiscal 2006 and 2007 and as at October 31, 2008 and for the ten months then ended, as well as interim financial statements of Algatec as at December 31, 2008 and for the two months then ended.

      There can be no assurance that the Algatec Financing will be completed on a timely basis or on terms satisfactory to the parties to the Stock Exchange Agreement, or that other conditions to closing will be met to enable the Company to complete its proposed acquisition of Algatec.

      About Algatec

      Trend Capital (which is currently managed by an affiliate of the Algatec Management Stockholders) was founded in 2005 and is engaged in the manufacture and assembly of metallurgic silicon crystalline solar panels or modules. Under its agreement with Trend Capital, with the proceeds of the Partnership’s capital contribution at the First Closing, Algatec will acquire 100% of the assets and partnership equity of Trend Capital on or before November 7, 2008.

      - 3 -

      Algatec has (through Trend Capital) a backlog of contracted-for orders for crystalline photovoltaic solar modules of approximately 92 MW in 2009. Approximately 87% of the 2009 backlog, or 80 MW, is represented by sales to Q-Cells International GmbH (“Q-Cells”), a leading producer of metallurgical crystalline and other solar cells capable of converting solar energy into electricity. Algatec has entered into an OEM agreement with Q-Cells for the sale of approximately 80 MW of crystalline photovoltaic solar modules in 2009, which Algatec believes will represent approximately $100.0 million in 2009 revenues. The OEM agreement with Q-Cells expires on December 31, 2009, and the renewal or extension of such agreement beyond such date is subject to negotiation and mutual agreement of the parties.

      Under the terms of the Q-Cells OEM agreement, Q-Cells supplies Algatec with metallurgical crystalline cells and Algatec fabricates and assembles the photovoltaic crystalline solar modules which it sells to Q-Cells for use in power projects which Q-Cells installs or has an interest. Algatec has no monetary outlays for cells in this OEM relationship. Although Algatec believes that its OEM relationship with Q-Cells will continue beyond 2009, there can be no assurance that the Q-Cells OEM agreement with Algatec will be renewed or extended. Algatec also currently has two other OEM contracts for an additional 46 MW of modules to be delivered in 2010. The balance of Algatec’s 2009 sales backlog is anticipated to be derived from direct non-OEM sales to existing customers. Under its contracts with customers other than Q-Cells, Algatec purchases the metallurgical crystalline cells from Q-Cells, assembles them into solar modules and sells the modules.

      In order to increase its production capacity to meet its order backlog, Algatec will have to significantly expand its existing manufacturing facility located in Prosen, Germany (approximately 80 miles from Dresden) and install five lines of crystalline module production equipment. Algatec has an agreement to acquire approximately 5 acres of land adjacent to its current 15,000 square foot facility and will construct an additional 100,000 square foot facility and install the necessary production equipment. The cost of such facility expansion and production lines is approximately $50.0 million. Algatec has already contracted to purchase from Komax Group, S.A. (“Komax”) additional equipment to automatically string and laminate metallurgical crystalline cells onto solar panels. Subject to consummation of the Algatec Financing, the anticipated completion date for the additional facility, delivery of the Komax equipment and commencement of the additional production is scheduled for July 2009.

      There can be no assurance that Algatec will receive Algatec Financing proceeds in time to commence its additional production activities by the second half of 2009, if at all. Even if such funds are available on a timely basis, delays in delivery of equipment or problems with equipment operations could materially delay such additional production efforts.

      Based on its unaudited statement of operations, for the nine months ended September 30, 2008, the Trend Capital predecessor to Algatec generated approximately €1.27 million (approximately USD $1.65 million) in net income on revenues of approximately €8.6 million (approximately USD $11.2 million).

      The foregoing is a summary of certain material terms and conditions of the Share Purchase Agreement, the loan agreement and the Stock Exchange Agreement, as well as the proposed employment agreements with the Management Stockholders, and not a complete discussion of those agreements. Accordingly, the foregoing is qualified in its entirety by reference to the full text of those agreements attached to this Current Report on Form 8-K in Exhibits 10.1, 10.2, 10.3 and 10.4, respectively, and incorporated herein by reference.

      Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

      See Item 1.01 above.
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      schrieb am 12.01.09 15:46:17
      Beitrag Nr. 18 ()
      24-Dec-2008

      Entry into a Material Definitive Agreement


      Item 1.01 Entry into a Material Definitive Agreement.

      As previously reported by Solar Thin Films, Inc. (the "Company") in its Current Report on Form 8-K filed with the Securities and Exchange Commission on August 18, 2008, on August 12, 2008 the Company entered into a stock purchase agreement (the "Purchase Agreement") with Zoltan Kiss ("Z. Kiss"), Gregory Joseph Kiss ("G. Kiss"), Maria Gabriella Kiss ("M. Kiss"), and Steven H. Gifis ("Gifis"). Under the terms of the Purchase Agreement, the Company agreed to arrange for the sale, and each of Z. Kiss, G. Kiss and M. Kiss (the "Selling Stockholders") have agreed to sell, an aggregate of 18.0 million shares of common stock of the Company owned by the Selling Stockholders. The purchase price for the 18.0 million shares is $0.4139 per share, or a total of $7,450,200 for all of the shares.

      In addition to the Purchase Agreement, on August 12, 2008 each of Z. Kiss, Renewable Energy Solutions, Inc. ("RESI"), the Company, the Company's subsidiary Kraft Electronikai Zrt ("Kraft"), and Amelio Solar Inc. ("Amelio") entered into a settlement agreement (the "Settlement Agreement") under which the parties agreed to terminate all prior agreements and exchange mutual general releases. The consummation of the Settlement Agreement is subject to consummation of the transactions under the above Purchase Agreement. Z. Kiss and RESI have agreed to transfer to Amelio (an entity controlled by unaffiliated third parties) substantially all of the technology and intellectual property owned by Z. Kiss and RESI relating to solar panel technology, including thin film amorphous silicon and copper indium gallium diselenide technology.

      The Company intends to finance the purchase price for the 18.0 million shares being sold by the Selling Stockholders by arranging for a sale of the shares, either through a registered public offering for the account of the Selling Stockholders, or a private purchase.

      The closing of the transactions under the Purchase Agreement, the Settlement Agreement and the Strategic Alliance and Cross License Agreement will all occur simultaneously and were scheduled to take place on or about November 30, 2008, subject to extension to January 31, 2009, by mutual agreement of the Company and Gifis (the "Outside Closing Date"); provided, that if Gifis shall receive reasonable assurances from the investment banking firm underwriting securities on behalf of the Company and the Selling Stockholders that the financing to pay the purchase price for the shares being sold, will, in their judgment, be consummated, Gifis shall extend the closing date to January 31, 2009.

      On December 22, 2008, the Company and Kraft entered into an Amendment to the Master Settlement Agreement and Stock Purchase Agreement (the "Amendment") with Amelio, RESI and the Selling Stockholders under which, among other things, the Outside Closing Date as defined in the Settlement Agreement was revised to May 31, 2009. In addition, the definition of "RESI Debt" owed to the Company as defined in the Settlement Agreement was revised to the net amount of indebtedness, net of fees payable under the existing agreements to the closing date, and not to exceed $831,863 owed by RESI to the Company or its affiliates as of the closing date; provided, that if the Transferred CG Solar Equity (as defined below) is not delivered to the Company by December 31, 2008, the RESI Debt shall be an amount not to exceed $1,331,863. Moreover, "RESI Debt Settlement Payment and Deliverables" as set forth in the Settlement Agreement was amended to state that the RESI Debt shall be paid to the Company as follows:

      � on or before December 31, 2008, Z. Kiss shall cause RESI to transfer to the Company an aggregate of shares of CG Solar, formerly know as Weihai Blue Star Terra Photovoltaic Company ("CG Solar"), representing 5% of the issued and outstanding capital shares of CG Solar, and having an agreed upon value of $500,000 (the "Transferred CG Solar Equity");

      � the $831,863 balance of the RESI Debt (the "RESI Debt Balance") shall be paid on or following the closing date as follows:

      � to the extent not previously paid in full, out of the net proceeds received by him from the public or private sale of all or a portion of his 10,000,000 subject shares under the Purchase Agreement, Z. Kiss shall pay to the Company a total of up to $434,315 of the RESI Debt Balance, such amount to be appropriately pro-rated based upon $0.0434315 to be paid for each such 10,000,000 subject shares sold; and

      � unless a portion of the RESI Debt Balance has been paid by Z. Kiss in accordance with the above, the entire RESI Debt Balance(or any unpaid portion thereof) will be paid to the Company by Amelio on the earlier to occur of (i) receipt of net proceeds of a financing by Amelio (the "Amelio Financing") of not less than $10,000,000, or (ii) receipt of payment by RESI or Amelio from CG Solar, the customer from whom the a-Si equipment giving rise to the RESI Debt was shipped. To the extent that the RESI Debt Balance is paid in whole or in part by Z. Kiss, then Amelio shall issue to Z. Kiss a promissory note due and payable to the earlier to occur of the consummation of the Amelio Financing or one year from the closing date.

      � Amelio agreed to guaranty payment of the RESI Debt Balance to the Company.

      The Settlement Agreement was further amended to state that Robert M. Rubin and The Rubin Irrevocable Stock Trust (the "Trust") agree that all indebtedness owed to Mr. Rubin and the Trust by Nanergy Solar, Inc. ("Nanergy"), an affiliate of Z. Kiss, will be deemed fully paid and satisfied, and Mr. Rubin and the Trust agree to relinquish all capital stock or stock certificates in Nanergy. To the extent that Mr. Rubin and/or the Trust received notes or stock certificates of Nanergy, the same will be returned to Nanergy on or before December 31, 2008.

      Under the Amendment, the Purchase Agreement was revised to state that in the event that any time prior to the Outside Closing Date, any of the Selling Stockholders receive a bona fide written offer (the "Offer") from any financially credible individual or institutional purchaser(s) to purchase as a principal in a private transaction, all or any portion of the subject shares, then the Selling Stockholders shall give written notice to the Company (the "Notice"). The Company shall have the right, within 30 days from receipt of the Notice, to purchase that number of subject shares proposed to be purchases in the Offer at the same price per share and payment terms as set forth in the Offer.
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      schrieb am 12.01.09 16:00:10
      Beitrag Nr. 19 ()
      is' ja 'n ganzes Biotop:

      SLTN/Amelio/CDTC/...

      20.08.2008 14:07
      Solar Thin Films Signs Strategic Alliance and Cross License Agreement with Amelio Solar Inc.

      Solar Thin Films, (News) Inc. (OTC BB:SLTN.OB), a developer, manufacturer and marketer of manufacturing equipment for the production of "thin-film" amorphous silicon photovoltaic modules, has entered into a strategic alliance and cross license agreement with Amelio Solar Inc.

      Under this agreement Solar Thin Films will market and sell photovoltaic products using copper indium gallium diselenide (CIGS) technology developed and commercialized by Amelio Solar, and has rights to manufacture PV module manufacturing equipment using CIGS technology subject to certain terms and agreements.

      Concurrent with the strategic alliance and cross license agreement, the company has signed a stock purchase agreement to arrange for the sale of an aggregate of 18.0 million shares of common stock owned by the Kiss family. The strategic alliance, cross license and stock purchase agreements are expected to close simultaneously on or about November 30, 2008 coincident with a capital markets transaction currently contemplated by the company.

      ”As the solar industry continues to shift toward thin film photovoltaic applications, the technology will continue to evolve,“ said Peter Lewis, chief executive officer of Solar Thin Films. ”Today our expertise lies in the process know-how required to produce a complete line of manufacturing equipment for the production of thin-film amorphous silicon modules. And we believe that amorphous silicon offers cost advantages over other commercially viable thin film materials available in the market. At the same time, we want to prepare for the emergence of other cost-effective thin film technologies, including CIGS and micro crystalline, by forming partnerships with companies like Amelio Solar and through our own research and development activities. Therefore, our plan is to position Solar Thin to utilize other thin film materials as the industry evolves."

      Continued Lewis, ”Since 2005 we have been working closely with Amelio Solar on developing thin film CIGS technology. They are an ideal partner for Solar Thin Films as we continue to expand the company's technology portfolio without diverting our attention from the many opportunities available to us to expand our share of the amorphous silicon market. Having access to CIGS technology is an important addition to our capability as we advance our goal of becoming a leader in supplying cost-effective thin film photovoltaic module manufacturing equipment.“
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      schrieb am 09.04.09 09:16:16
      Beitrag Nr. 20 ()
      Apr 08, 2009 11:09 ET
      Solar Thin Films Announces Acquisition of BudaSolar Technologies Co. Ltd. and Management Reorganization

      Acquisition to Bring New Process Technology and Pipeline

      New Organization to Allow Management to Better Focus on Core Businesses

      DIX HILLS, NY--(Marketwire - April 8, 2009) - Solar Thin Films, Inc. (OTCBB: SLTN) today announced that it and its subsidiary, KRAFT Elektronikai Zrt. of Budapest, Hungary, have agreed to acquire BudaSolar Technologies Co. Ltd., also of Budapest, Hungary, in a transaction that management believes will bring new process expertise to the combined company, as well as an enhanced customer pipeline.

      "In addition to bringing a highly qualified team of engineers and technicians together, we are thrilled to be working together again with Dr. Istvan Krafcsik, who, with Kraft's Dr. Laszlo Farkas, co-founded Kraft over a decade ago. Dr. Krafcsik is a well regarded scientist with a long background in the photovoltaics industry, who together with a world-class development team located inside the Central Research Institute for Physics campus in Budapest, has already been able to bring improvements to our existing offering."

      Subject to the satisfaction of certain closing conditions, Kraft will acquire 100% of the share capital of BudaSolar and will issue to the BudaSolar Stockholders 49% of the share capital of Kraft. As a result, the Company will own 51% of Kraft and our 51% owned Kraft subsidiary will, in turn, own 100% of the share capital of BudaSolar. The closing is scheduled to occur as soon as practicable, but in any event by April 30, 2009. However, there can be no assurances that the share exchange will be consummated.

      In addition, Kraft entered into five year employment agreements with each of Dr. Istvan Krafcsik and Attila Horvath as Chief Executive Officer and Chief Operating Officer of Kraft and its BudaSolar subsidiary, respectively.

      Today, Solar Thin Films also announced that Peter Lewis will step down as CEO of the company to become Group Vice President, Equipment and Thin Films Division, so that he can better focus on the growing business opportunity afforded by Kraft's proposed acquisition of BudaSolar. Mr. Lewis, whose focus since joining the company in June of 2007 has been to strengthen the company's thin film offering and improve its customer pipeline, will represent Solar Thin Films on the board of directors of the new combined company and will help lead an expanded worldwide marketing effort.

      "We are very happy to bring together two complementary teams, both with significant expertise in equipment and processes associated with the production and installation of 'turnkey' amorphous silicon lines using a process that yields among the lowest cost solar modules available today world-wide," said Bob Rubin of Solar Thin Films. "To date, our collaboration has allowed us to offer a broader product line to prospective customers as a result of the joint Kraft/BudaSolar effort underway since last September and we are confident that the combined pipeline and marketing effort will yield positive results in the near future."

      "I am proud of the progress we have made at Kraft to migrate from an equipment supplier to a supplier of higher margin 'turnkey' amorphous silicon manufacturing lines," noted Mr. Lewis. "Over the past 18 months, we have dramatically improved our product offering and quality assurance programs and have redirected our marketing effort at closing complete 'turnkey' lines as evidenced by our recent contract with Grupo Unisolar of Bejar Spain. Upon the consummation of the share exchange and the combination of the Kraft and BudaSolar teams, we intend to focus our future efforts on new product introductions and significantly expanding our sales pipeline."

      As part of the reorganization, Bob Rubin, Chairman, will also assume the responsibility of CEO, and will focus on expanding the solar businesses of Solar Thin Films beyond its Kraft and Solar Thin Power subsidiaries. Mr. Rubin noted, "I look forward to continuing my effort to expand the scope of Solar Thin Film's businesses including first the prospective acquisition of Algatec, maker of metallurgical crystalline modules, and also our effort at ST Power to utilize both our thin film and soon metallurgical technology to build a power projects division."

      This press release is not a complete description of the amended and restated stock exchange agreement to acquire BudaSolar Technologies Co. Ltd. and reorganization of management. For additional information, a copy of the agreement and related transaction documents can be found in Solar Thin Film's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 7, 2009.

      About Solar Thin Films, Inc.

      Solar Thin Films (www.solarthinfilms.com) develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon photovoltaic ("PV") modules through its subsidiary based in Budapest, Hungary. The Company sells both individual and "turnkey systems" to customers located in China, Spain and the United States. The Company believes that its line of thin-film photovoltaic manufacturing equipment positions it to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin-film" PV modules as part of a cost effective, "clean technology" energy solution.
      Avatar
      schrieb am 29.04.09 16:04:13
      Beitrag Nr. 21 ()
      Solar Thin Films Ships Equipment To Grupo Unisolar
      in News Departments > FYI
      by SI Staff on Thursday 23 April 2009
      email the content item print the content item

      Solar Thin Films Inc. says that its subsidiary KRAFT Elektronikai Zrt. of Budapest, Hungary, has completed the second of three planned shipments of equipment for a 6 MW amorphous silicon photovoltaic module manufacturing facility located in Bejar, Spain, for its customer, Grupo Unisolar SA.

      Together with earlier shipments in March 2009 and December 2008, KRAFT has now delivered a significant portion of its first turnkey facility full equipment, says Solar Thin Films.

      The shipments are valued at 1.56 million euros ($2.06 million at current exchange rates) toward completion of a project, with an estimated total value of 7.799 million euros ($10.29 million at current exchange rates).
      Avatar
      schrieb am 29.05.09 01:26:56
      Beitrag Nr. 22 ()
      hallo,

      ich habe sltn nun schon länger beobachtet und bin vor kurzem eingestiegen.
      ich würde es mal als bauchkauf bezeichnen.
      fundamental kann ich den einstieg nicht begründen. in den vergangenen jahren sind aber verschiedene übernahmen und beteiligungen getätigt worden, die perspektive haben könnten. bisher blieben die großen aufträge aus, was sich in der sich momentan global (usa,china, naher osten...) veränderten stimmung zur solaren energiegewinnung rasch ändern könnte.

      das ganze geflecht um sltn ist aber etwas nebulös und ich bin da nicht ganz durchgestiegen, wem nun was und wieviel gehört. auch die investoren halten sich sehr bedeckt, obwohl große summen investiert werden sollten.

      in dem kontex: weiß jemand was aus der geplanten übernahme der algatec solar ag wurde?
      in diesem zusammenhang stellt sich mir die frage, ob dies sltn finanziert:

      14.01.2009 14:58
      ALGATEC SOLAR AGSolarfirma will 40 Millionen Euro in Südbrandenburg investieren
      Berlin. Die Firma Algatec Solar AG will im Gewerbegebiet von Prösen bei Elsterwerda rund 40 Millionen Euro in die Erweiterung einer Solarfabrik investieren.

      Im Frühjahr solle dort mit dem Bau dreier neuer Hallen begonnen werden, berichtet die «Lausitzer Rundschau» (Onlineausgabe) am Mittwoch. Algatec stelle in Prösen bereits Photovoltaikanlagen her. Die Produktion war dort 2006 aufgenommen worden.

      Der Mitarbeiterstamm solle durch die Investition um knapp 200 auf dann insgesamt 290 Mitarbeiter aufgestockt werden. Die meisten Arbeitsplätze entstehen nach Unternehmensangaben in der Produktion.

      (ddp)



      ich freue mich auf eine hoffentlich lebhafte und produktive diskussion in diesm thread

      grüße

      bluesrock
      Avatar
      schrieb am 04.06.09 00:09:13
      Beitrag Nr. 23 ()
      Antwort auf Beitrag Nr.: 37.277.846 von bluesrock am 29.05.09 01:26:56nun ja, ohne nachrichten offentsichtlich keine diskussion. finde ich schade, denn sltn kann schon bald ein sehr heißes eisen sein.

      ein vergleich zu dsti:
      daystar ist böse abgestürzt. war meines erachtens aber auch zu erwarten. die haben bis dato nur heiße luft produziert.

      solarthinfilm hingegen liefert eine produktionsanlage für 12.3 mio. an einen spanischen käufer (grupo unisolar) aus, hat einen starken partner in china und besitzt die vermarktungsrechte für dessen produkte in den usa.

      das firmennetzwerk ist in den wichtigsten märkten vertreten und es werden zudem fördergelder generiert (ungarn, usa).

      daystar stand 2006 - ohne obama - schon mal bei über 10 euro und das ohne substanz.

      wo kann solarthin film in zwei jahren stehen, wenn das management in dem tempo weiter arbeitet wie bisher?

      bluesrock


      bluesrock
      Avatar
      schrieb am 11.06.09 18:24:16
      Beitrag Nr. 24 ()
      Jun 11, 2009 11:34 ET
      Solar Thin Films Announces Completion of Shipments for 6MW Line to Grupo Unisolar, S.A. Company

      Commences Installation of "Turnkey" Line

      DIX HILLS, NY--(Marketwire - June 11, 2009) - Solar Thin Films, Inc. (OTCBB: SLTN) today announced that its subsidiary Kraft Elektronikai Zrt. of Budapest, Hungary has substantially completed the shipment of equipment for a 6MW amorphous silicon photovoltaic module manufacturing facility located in Bejar, Spain for its customer Grupo Unisolar, S.A., and has commenced installation of the line which is expected to be completed by the end of 2009. Grupo Unisolar, S.A. is a long established manufacturer of solar thermal panels sold throughout Spain. With the current shipment of equipment and commencement of installation, Kraft has now completed 58% of the estimated project total value of 7.799 million Euros (or $10.92 million dollars at current exchange rates).

      Peter Lewis, Group Vice President, Thin Films Division, noted, "This is an important step forward for Solar Thin Films as the shipped equipment includes improvements to the system -- a result of the recently signed Cooperation Agreement between Kraft and BudaSolar -- that will be incorporated into future deliveries of our 6MW line as well as our 18MW and 36MW semi- and fully-automated lines."

      "It has been reassuring to know that the equipment for the first of two planned amorphous silicon manufacturing lines arrived as scheduled," said Gonzalo Pellejero, General Manager of Grupo Unisolar, based in Madrid and Bejar (Salamanca) Spain. "Now with the installation underway and technical crews on site to assist in the scale up, we anticipate being able to begin marketing our own line of photovoltaic modules along with our existing proprietary solar thermal offering."

      About Solar Thin Films, Inc.

      Solar Thin Films (www.solarthinfilms.com) develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon photovoltaic ("PV") modules through its subsidiary KRAFT Elecktronikai Zrt., based in Budapest, Hungary. The Company sells both individual and "turnkey systems" to customers currently located in China, Spain and the United States and has produced equipment for installations in the US, Germany, Portugal, Taiwan, Greece and Spain. The Company's line of thin-film photovoltaic manufacturing equipment positions it to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin-film" PV modules as part of a cost effective, "clean technology" energy solution.

      About Grupo Unisolar, S.A.

      Grupo Unisolar, S.A. currently manufactures and markets its own line of solar thermal panels, and will soon enter the market with its own line of amorphous silicon modules manufactured using equipment provided by Solar Thin Films. The Company sells both modules and complete systems through dealers and directly into larger scale installations within Spain.
      Avatar
      schrieb am 22.06.09 12:13:28
      Beitrag Nr. 25 ()
      aus dem 10K:

      Algatec - Potential manufacture of crystalline silicon solar modules
      Algatec is a business that is focused on the development of solar modules. Specifically, its is engaged in the
      manufacture, sale and distribution of metallurgical crystalline silicon solar modules at its manufacturing facility located in
      Prosen, Germany, approximately 80 miles from Dresden, Germany. For the year ended December 31, 2008, its audited net
      income was approximately $1.7 million on total revenues of approximately $18.5 million.
      Algatec has a significant contractual backlog of orders for 2009. The current total for 2009 is 85 Megawatts (MW),
      representing approximately $66.45 million in revenues. Module quantities are stated in megawatts; 85 MW is approximately
      392,000 modules. Algatec’s principal customer, representing 80 MW of our 2009 backlog, is Q-Cells International GmbH
      (“Q-Cells”). In addition to being the world’s largest producer of solar cells, Q-Cells has plans to be a significant generator of
      electricity, and uses the Algatec modules in power projects worldwide. Algatec has been an original equipment manufacturer
      (“OEM”) to Q-Cells since 2006. Subject to its obtaining the financing required to expand its manufacturing and production
      capacity, Algatec anticipates that Q-Cells will renew the existing OEM agreement through December 31, 2010 and agree to
      purchase approximately 120 MW of metallurgical crystalline silicon solar modules in 2010. Algatec also believes that prior
      to the end of 2009, Q-Cells will confirm its 2011 purchase commitments for such solar modules under the OEM
      agreement. In 2009, substantially all of Algatec’s revenues will be derived under its OEM contract with
      Q-Cells. Commencing in 2010, it will seek to obtain orders through direct sales to other power integrators.
      Under the terms of its OEM agreement with Q-Cells, Algatec receives metallurgical crystalline cells from
      Q-Cells. Using these cells, Algatec manufactures and assembles solar modules that provide at least 15% “efficiency.” The
      term efficiency refers to the ability of the module to convert solar energy into electricity. Under its OEM agreement, Algatec
      has no monetary outlay for the cells.
      Capacity constraints have previously limited Algatec’s ability to meaningfully diversify beyond the Q-Cells OEM
      business. Algatec’s current manufacturing capacity is 15 MW per year. In order to fulfill its contractual order backlog,
      Algatec intends seek financing of up to $50.0 million to expand its current annual production capabilities to 175
      MW. Algatec recently acquired approximately five acres of land adjacent to our current 15,000 square foot facility, and
      intends to construct a 125,000 square foot plant addition at an estimated cost of $10.9 million and install five lines of
      crystalline module production equipment. Algatec has contracted to purchase from The Komax Group, S.A. and other
      suppliers the necessary equipment to automatically string and laminate crystalline cells into solar modules. The estimated
      total cost of such stringing equipment, laminating equipment to bond cells to solar modules, and ancillary items is
      approximately $39.2 million
      Based upon inquiries from a number of potential customers, Algatec believes that there is significant demand for
      metallurgical crystalline modules, both in Europe and in many other areas in Asia and North America. When it has in the
      past produced modules for customers other than Q-Cells, Algatec purchases the metallurgical crystalline cells from Q-Cells,
      manufacture the modules, and ships them to the respective client.
      In February 2009, Algatec received a proposal from Nord Landesbank for a $24.65 million financing to enable
      Algatec to purchase for $29.0 million sixteen Xcell 3400 stringing systems from Komax’s United States subsidiary. Such
      financing is subject to obtaining a loan guaranty from the Export-Import Bank of the United States (the “Ex-Im Bank”) and
      Algatec or the Company posting a $4.35 million letter of credit, or 15% of the contracted amount for the
      equipment. Although Algatec has applied for the Ex-Im Bank guaranty and believes that it will qualify for such loan
      guaranty, as at the date of this Form 10-K, such guaranty commitment has not been issued, nor has Algatec or the Company
      provided the requisite letter of credit.
      Avatar
      schrieb am 22.06.09 13:39:27
      Beitrag Nr. 26 ()
      Antwort auf Beitrag Nr.: 37.439.332 von R-BgO am 22.06.09 12:13:28Ja, schön. Aber was soll mit das in bezug auf SLTN sagen:confused:
      Avatar
      schrieb am 22.06.09 14:30:24
      Beitrag Nr. 27 ()
      Antwort auf Beitrag Nr.: 37.440.140 von Kubanisch_Rauchen am 22.06.09 13:39:27Algatec dürfte die mit Abstand werthaltigste Aktivität in dem ganzen Gesums von SLTN sein.

      Und es interessiert mich auch als Nebeninfo bezüglich der downstream-Aktivitäten von Q-Cells und der Entwicklung von CaliSolar (von letzteren gabs' Module auf dem Intersolar-Stand von Algatec).


      Habe aber das Gefühl, daß es SLTN relativ bald erwischen könnte.

      Selten eine so marode Bilanz gesehen.
      Avatar
      schrieb am 22.06.09 14:55:47
      Beitrag Nr. 28 ()
      Antwort auf Beitrag Nr.: 37.440.626 von R-BgO am 22.06.09 14:30:24Ich kenn SLTN überhaupt nicht. Generieren die Umsatz:confused:

      Die machen doch Maschinen zur Prodution in der PV, oder?

      Hatten die nicht irgend so einen Auftrag mal bekommen?

      Ich verstehe aber noch immer nicht, was Algatec mit SLTN zu tun hat:confused:

      Hängen die mit denen zusammen:confused:
      Avatar
      schrieb am 22.06.09 15:07:50
      Beitrag Nr. 29 ()
      Antwort auf Beitrag Nr.: 37.440.896 von Kubanisch_Rauchen am 22.06.09 14:55:47Bisher nahe null:

      5,8 Mio $ in 2007
      3,4 Mio $ in 2008


      Als größten Auftrag scheinen sie jüngst eine a-Si Linie an einen spanischen Kunden geliefert zu haben (Posting 24).

      Ansonsten gibt es auch Meldungen über eine Kreuzlizenzierung mit Amelio, wonach sie CIGS-Technologie verkaufen.

      Zoltan Kiss, der hier wohl eine erhebliche Rolle spielt, hat glaube ich auch noch ein paar andere Eisen im Feuer; sage ich jetzt aus der Erinnerung ohne eine quelle angeben zu können.

      Und die Meldung zur Algatec-Akquisition kam im Nov 2008 (Postings 16 und 17). Allerdings "subject to financing", das bis heute noch ausstehen dürfte.




      Wie Du ja weißt, habe ich gerne ein Auge auf möglichst viele Solarbuden, um auch duch Querverbindungen lernen zu können.

      Hier kann man ganz schön sehen, daß man sich anhand eines Threads zur Firma einlesen kann, ohne daß tonnenweise Preispostings ("oh, wieder um xy gestiegen") alles vermüllen.

      Für ein Investment sind die allerdings -zumindest für mich- noch lange nicht reif.
      Avatar
      schrieb am 23.06.09 16:52:02
      Beitrag Nr. 30 ()
      DAS hier sehe ich positiv:

      Jun 23, 2009 10:27 ET
      Solar Thin Films Proposed Subsidiary BudaSolar Ltd. Announces R&D Agreement With Bangkok Solar

      Project Targets Low Cost 8% Efficient Micromorph Module

      DIX HILLS, NY--(Marketwire - June 23, 2009) - Solar Thin Films, Inc. (OTCBB: SLTN) today announced that BudaSolar Ltd. has advised Solar Thin Films that it has entered into an R&D Cooperation Agreement with Bangkok Solar, Co. of Bangkok, Thailand, a major producer of amorphous silicon photovoltaic modules with over 50MW of current capacity. Solar Thin Films ("STF") and its subsidiary Kraft Elektronikai Zrt ("Kraft") have entered into an agreement with the shareholders of BudaSolar, which contemplates that Kraft will acquire 100% of the share capital of BudaSolar in exchange for 49% of the share capital of Kraft. Closing of the transaction is contemplated to occur in July or August 2009.

      The goal of the BudaSolar collaboration with Bangkok Solar is to develop a micromorph module with a minimum 8% efficiency using a modified version of batch process technology currently developed, manufactured and marketed by both Kraft and BudaSolar. Both Kraft and BudaSolar believe that this level of performance provided through the inclusion of a microcrystalline layer ("micromorph product") could be of great benefit to potential customers as it is capable of increasing efficiency by as much as 30% percent more than currently available amorphous silicon modules.

      "The results of the preliminary experiments we have made for confirmation of the development concept are really very promising," said Dr. István Krafcsik, CTO of BudaSolar, who played a key role in the production and installation of the Bangkok Solar production facility. "Just as the batch process has proved to be the most cost-efficient solution for the production of double junction amorphous silicon modules, so we expect a new modified version of that batch process to be the most cost effective solution for the production of higher efficiency micromorph modules."

      The project, which will run through 2010, will also leverage work being completed under a separate contract awarded BudaSolar late in 2008 for micromorph research.

      "The advantage of working together with Bangkok Solar is that we gain access to both a production scale environment, to complement our lab work, and are able to work collaboratively with a very experienced manufacturing team with years of experience using the batch process technology," noted Dr. Csaba Dücsõ, BudaSolar's Head of Technology Development.

      Mr. Sompong Nakornsri, CEO of Bangkok Solar, stated, "This collaboration is key to the future strategy and profitability of Bangkok Solar. Under current market conditions, increasing the efficiency of our modules in the near future is critical. We share the opinion of BudaSolar that creating a product with a microcrystalline layer -- a micromorph product -- is the best way to achieve desired efficiency increases, while maintaining or even improving on the existing cost advantage of the batch-type process."

      Peter Lewis, Group Vice President of STF's Thin Film and Equipment Division, commented, "We are glad to hear of BudaSolar's collaboration with Bangkok Solar, and believe this is a positive step towards further bringing down the production cost of photovoltaic systems in the very near future."
      Avatar
      schrieb am 23.06.09 17:23:39
      Beitrag Nr. 31 ()
      Antwort auf Beitrag Nr.: 37.450.662 von R-BgO am 23.06.09 16:52:02Ich weiss nicht was ich von dieser Technologie halten soll. Das gibt es doch schon massenhaft von anderen Anbietern. Und jetzt ein Abkommen für Forschung und Entwicklung zu machen ... ich weiss nicht. Besser wäre die würden mal was verkaufen. Naja und Module mit 8% Wirkungsgrad herzustellen ... :rolleyes:

      Wasn eigentlich dieser ominöse Batch Prozess???
      Avatar
      schrieb am 23.06.09 17:26:18
      Beitrag Nr. 32 ()
      Außerdem scheinen mir das alles so merkwürdige Buden zu sein, die irgendwas machen, ich weiss nur nicht was:laugh:
      Avatar
      schrieb am 23.06.09 17:29:01
      Beitrag Nr. 33 ()
      Bangkok Solar, kennst Du Bangkok Solar? Himmel, was machen die. Die Homepage sieht nicht gerade informativ geschweige denn Vertrauenserweckend aus. Nach welchem Standart bilanzieren die denn:confused:


      Das scheint mir alles total dubios zu sein und ehr eine Geldverbrennungsmaschine als eine ordentliche Solarbude:rolleyes:
      Avatar
      schrieb am 23.06.09 18:59:33
      Beitrag Nr. 34 ()
      Antwort auf Beitrag Nr.: 37.451.062 von Kubanisch_Rauchen am 23.06.09 17:29:01Bangkok Solar ist m.W. einer der ältesten Dünnschichtlieferanten von Phoenix (gewesen). Sogar vor Firstsolar.

      Machen a-Si auf Maschinen, die irgendwie aus dem EPV-Biotop kommen.

      Wie gut oder schlecht die Module sind und wie gut oder schlecht es BS wirtschaftlich geht, kann ich nicht einschätzen.

      Aber Erfahrung mit dem Thema müssen sie eigentlich haben.

      Micromorph mit 8% ist sicher nicht der Brüller aber auch nicht schlecht; die Maschinen dürften Lichtjahre billiger sein, als bei Oerlikon oder AMAT.

      Wie gut das für SLTN ist?

      Ebenfalls keine Ahnung; aber eben eher gut als schlecht.

      Das equiment-business hat halt keine repeat-orders...
      Avatar
      schrieb am 17.07.09 10:21:22
      Beitrag Nr. 35 ()
      Jul 16, 2009 12:36 ET
      Solar Thin Films Announces First Delivery of New Product - Building Integrated Photovoltaic Line

      Product Has Broad Application to Building Structures

      DIX HILLS, NY--(Marketwire - July 16, 2009) - Solar Thin Films, Inc. (OTCBB: SLTN) today announced that its subsidiary Kraft Elektronikai Zrt. of Budapest, Hungary delivered and commenced installation of a building integrated photovoltaic (BIPV) line for Grupo Unisolar, S.A. of Spain. BIPV products provide substantial versatility in terms of its application as it allows for the integration of solar installations into building structures of all types. This represents the first such line delivered on a turnkey basis by Kraft and marks the entrance by Solar Thin Film's subsidiary into a new product market.

      Together with earlier shipments in 2009 and December of 2008, Kraft has now delivered equipment valued at 80% of the estimated total project value of 7.799 million Euros (or $10.9 million dollars at current exchange rates). Kraft anticipates that the growing demand for solar installations in Spain will provide for additional contract opportunities over the coming months.

      "We are happy to announce that we have delivered our first turnkey building integrated photovoltaic manufacturing system -- a first step in entering this new and important global market," noted Dr. Lou Stamenic, Vice President, Business Development at Kraft. He added: "This is an important development step forward for Kraft since amorphous silicon thin-film material is so well suited for the BIPV marketplace. In addition to our current BIPV offering, which is capable of producing large size semi-transparent a-Si modules, we will soon offer equipment capable of producing both fully transparent and custom color a-Si modules."
      Avatar
      schrieb am 29.07.09 23:36:25
      Beitrag Nr. 36 ()
      Solar Thin Films Expands Its Footprint in Spain
      By Justin • on July 27, 2009
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      Solar Thin Films, Inc. (OTC-BB: SLTN), as quoted in La Opinion de Murcia, has begun collaborating with Zinsa to provide photovoltaic solar cells to power the company’s “City of Zinc” project. The company is also working with GrupoUnisolar in Spain, with its competitors in the market including Yingli Green Energy (YGE) and LDK Solar (LDK).



      Spanish newspaper, La Opinion De Murcia, features Solar Thin Film’s representative
      Luc Estoneric (2nd to the right in picture) meeting with Zinsa representatives.

      Solar Thin Films, Inc. [[SLTN.OB]], a leading producer of thin film amorphous solar module equipment and factories, is completing the delivery on two key projects in Spain, while validating its new line of building-integrated photovoltaic (BIPV) solar panels. These unique products provide for the integration of solar installations into building structures of all types.

      Solar Thin’s largest contract in Spain is a $10.92 million deal with Grupo Unisolar, to whom it has delivered equipment valued at 80% of the estimated total project value. According to Vice President of Business Development Dr. Lou Stamenic, “This is an important step forward for Kraft since amorphous silicon thin-film material is so well suited for the BICP marketplace.”

      Solar Thin also has plans to ship its new BICP line of solar panels to Zinsa’s “City of Zinc” project in Spain. The solar panels will be installed on a 4,000 square foot factory in the Los Camanchos industrial district. Like the Grupo Unisolar project, this project will generate approximately 6MW of electricity and through building-integrated solar panels.

      With regards to the size of the Zinsa solar project, a leading Spanish newspaper covering the story (pictured above) had the following to say:

      “La inversión de la planta fotovoltaica, que se construirá en 4.000 metros cuadrados de los 150.000 que Zinsa tiene en el polígono industrial de Los Camachos, estaría en torno a los 4 millones de euros que pondría la empresa, más otros 4 millones de subvención pública y 5,6 más de financiación pública, y la previsión de facturación anual estaría en los 9,6 millones de euros.”

      Roughly translated: “The investment in the photovoltaic plant, which will be constructed on 4,000 square meters of the 150,000 that Zinsa has in the Los Camachos industrial park, will cost the business around 4 million Euros, plus another 4 million from public subsidies, and 5.6 million in additional public funding, and estimates annual turnover of 9.6 million Euros.”

      Spain continues to be one of the most attractive countries for the development of solar energy as it has more sunshine than any other country in Europe. Meanwhile, the Spanish government is committed to achieving a target of 12 percent of primary energy from renewable energy by 2010 with an installed solar generated capacity of 3,000 megawatts (MW).

      On the regulatory side of things, the Spanish government removed economic barriers to the connection of renewable energy technologies to the electricity grid in 2004 by guaranteeing tariffs and encouraging development as much as possible. As a result of these efforts, Spain is the fourth largest manufacturer of solar technology in the world.

      Solar Thin anticipates that growing demand for solar installations in Spain will provide for additional contract opportunities over the coming months. The combination of the company’s new technology and the red hot Spanish market makes this stock one worth watching.

      bluesrock
      Avatar
      schrieb am 19.08.09 07:27:21
      Beitrag Nr. 37 ()
      19.08.2009

      ENERGIE: In Brandenburg scheint die Sonne weiter
      100 neue Jobs bei Algatec / Conergy fährt seine Frankfurter Fabrik hoch / First Solar bestückt Solarpark im Süden der Mark

      POTSDAM - Rekordverluste wegen wegbrechender Absatzmärkte, wie sie die Berliner Solartechnik-Firma Solon gestern meldete, sind derzeit in der Branche keine Seltenheit. Erst kürzlich wartete der bisherige Superstar der Branche, Q-Cells in Thalheim (Sachsen-Anhalt), mit ähnlich schlechten Zahlen auf. Nur in Brandenburg scheint offenbar weiter die Sonne.

      Der Modulproduzent Algatec Solar in Großräschen (Oberspreewald-Lausitz) meldete gestern, seine Kapazitäten ausbauen zu wollen und 100 neue Jobs zu schaffen. Morgen soll zudem in der Lieberoser Heide (Spree-Neiße) die größte Photovoltaik-Anlage Deutschlands eröffnet werden. Und selbst das bisherige Sorgenkind Conergy fährt heute, mehr als zwei Jahre nach der Eröffnung, die Kapazität seiner Solarmodule-Fabrik in Frankfurt (Oder) hoch. Statt bislang jeweils eine sollen künftig drei von vier Zell- und drei von fünf Modullinien in Betrieb sein. Bis Jahresende könnte die Beschäftigtenzahl von bislang 470 auf 600 steigen. Grund sind unter anderem zwei spanische Solarparks, die in den kommenden Wochen mit insgesamt 19 000 Modulen bestückt werden sollen. Andere Großaufträge sind nach Firmenangaben „in der Pipeline“. Durch das Hochfahren der Fabrik könnten auch die Stückkosten für die Solarmodule „rapide gesenkt“ werden, heißt es.

      „Der Markt für erneuerbare Energien nimmt wieder Fahrt auf“, sagt Brandenburgs Wirtschaftsminister Ulrich Junghanns (CDU), der die neuen Linien heute in Betrieb nimmt. Nach Angaben des Bundesverbandes Solarwirtschaft verzeichne „die Mehrzahl der Solarunternehmen nach einem schwachen ersten Halbjahr derzeit eine spürbare Geschäftsbelebung“.

      Sogar der Solarenergieexperte des Hamburger Analystenhauses SES Re-search, Karsten Blumenthal, bislang sehr kritisch gegenüber den Zukunftschancen von Conergy eingestellt, meinte gestern, es sei „sehr erfreulich, dass es endlich klappt“, die Fabrik hochzufahren. Zu danken sei dies der „starken Vertriebskraft“ Conergys. Dennoch bleibt Blumenthal „skeptisch“ – vor allem wegen eines Liefervertrags mit einem US-Konzern über völlig überteuertes Silizium, den Conergy derzeit vor Gericht anfechtet. „Das Unternehmen stuft dies selbst als existenzbedrohliches Problem ein“, so Blumenthal.

      Im Solarpark in Lieberose, der auf einem früheren Truppenübungsplatz bei Turnow-Preilack entsteht, wird morgen das 560 000. Modul montiert. 700 000 sollen es einmal werden und so viel Strom liefern, wie 15 000 Haushalte im Jahr verbrauchen.

      Die Module kommen zum Großteil aus dem Werk von First Solar in Frankfurt (Oder). Der Solarpark „sichert und schafft Arbeitsplätze in der Region“, betont David Wortmann, Leiter des Berliner Büros von First Solar. Nicht zuletzt wegen dieses 160 Millionen Euro teuren Großprojektes, das gemeinsam mit der Juwi Holding AG errichtet wird, habe sich die Anzahl der Beschäftigten im Frankfurter Werk seit 2007 von 400 auf 600 erhöht. Bis Ende des Jahres soll die Lieberoser Anlage komplett ans Netz gehen.

      Für Wirtschaftsminister Junghanns ist das Solarkraftwerk ein „Musterbeispiel“ für die Nutzung früherer Militärflächen. Das größte deutsche Solarkraftwerk sei ein Baustein, um den Anteil der erneuerbaren Energien in Brandenburg zu erhöhen, sagte Junghanns. (Von Gerald Dietz und Ute Sommer)
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      schrieb am 12.09.09 10:36:32
      Beitrag Nr. 38 ()
      Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

      Effective September 3, 2009, Solar Thin Films, Inc. (the “Company”) amended its Certificate of Incorporation (the “Certificate of Incorporation”) by filing a certificate of amendment (the “Amendment”) with the Secretary of State of the State of Delaware for purposes of effectuating a one-for-five reverse split of the issued and outstanding shares of common stock of the Company (the “Reverse Split”). In connection with the Reverse Split, the trading symbol of the Company’s common stock as quoted on the Over-the-Counter Bulletin Board was changed to “SLTZ.OB”, effective as of September 3, 2009.

      Article Fourth of the Certificate of Incorporation was amended to include the following provision as the last sentence thereof:

      “The Board of Directors is authorized, without approval from the stockholders, to take all steps necessary to effect, or in its discretion not to effect, a reverse split of the common stock of the Corporation on the basis of a ratio of five pre-split shares for every one post-split share of common stock (the “Reverse Split”), and further that the Board of Directors be authorized to take all other actions necessary and appropriate to effect such Reverse Split, if so required.”

      The foregoing is a summary of the Amendment. Accordingly, the foregoing is qualified in its entirety by reference to the full text of the Amendment attached to this Current Report on Form 8-K in Exhibit 3.1 and incorporated herein by reference.

      On September 8, 2009, the Company issued a press release announcing the Reverse Split, a copy of which is attached hereto as Exhibit 99.1.
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      schrieb am 08.10.09 23:46:29
      Beitrag Nr. 39 ()
      08.10.2009, 13:28 Uhr Meldung drucken | Artikel empfehlen

      Algatec Solar ist neuer Mehrheitsgesellschafter der Sunline-Solar AG

      Fürth - Die Algatec Solar AG hat sich zum 01.10.2009 an der Sunline-Solar AG mehrheitlich beteiligt. Die Sunline-Solar AG hat ihrerseits mit Wirkung zum 01.09.2009 die betriebsnotwendigen Assets für die Geschäftsbereiche „Großhandel“ und „Projektgeschäft“ vom Insolvenzverwalter übernommen. Mit diesem Schritt sollen die 55 Arbeitsplätze genau so erhalten bleiben, wie die Geschäftsbeziehungen und die bestehenden Aufträge. Der Vorstand der Sunline AG hatte am 26.05.2009 einen Antrag auf Eröffnung des Insolvenzverfahrens gestellt. Das Unternehmen wurde im Insolvenzantragsverfahren bis zur Übernahme durch die Sunline-Solar AG mit Zustimmung des vorläufigen Insolvenzverwalters, Herrn Dr. Stefan Oppermann, vollumfänglich fortgeführt, um die Möglichkeiten für eine Sanierung des Unternehmens sowie einen Großteil der vorhandenen Arbeitsplätze zu erhalten.

      Der bisherige Mehrheitsgesellschafter Wolfgang Wismeth steigt nach Unternehmensangaben in die neue Gesellschaft als Minderheitsgesellschafter ein und bleibt dem Unternehmen als Vorstand erhalten. Der Umsatz der Sunline AG lag in 2008 bei ca. 80 Mill. Euro.
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      schrieb am 02.02.10 07:06:05
      Beitrag Nr. 40 ()
      Solar Thin Films, Inc. (OTCBB: SLTZ) today announced that it intends to acquire Algatec Equity Partners LP, which owns a 47% equity interest in the capital stock of Algatec Solar AG, a growing producer of silicon crystalline solar panels and modules.

      The stake in Algatec will be obtained in exchange for approximately 43.0 million shares of Solar Thin Films common stock; which number of shares are subject to adjustment based on an independent fairness opinion. Solar Thin Films is also continuing negotiations with the other Algatec stockholders to acquire the remaining 53% interest in the capital stock of Algatec.

      Headquartered in Prosen, Germany, Algatec sells its modules primarily to a number of solar companies, including modules used in power projects. The acquisition of the partnership and its equity in Algatec is subject to (i) execution of definitive exchange agreements, (ii) obtaining the requisite approvals and consents of the partners of the partnership, and (iii) receipt of a fairness opinion. Solar Thin Films anticipates that the acquisition of the partnership and its 47% equity interest in Algatec will be completed in approximately 30 days.

      Algatec's revenues for 2009 are estimated to be USD $30,000,000, with an estimated EBITDA of USD $2,000,000. Algatec has advised Solar Thin Films that, based on its order backlog, Algatec believes that it can realistically achieve USD $70,000,000 in revenues and EBITDA of USD $8,400,000 in its fiscal year ending December 31, 2010. As a result of the material increase in anticipated orders, Algatec has invested significantly in upgrading its equipment and expanding its manufacturing facilities. This investment is expected to increase production capacity from 18MW in 2008 to approximately 95MW in 2010, enabling Algatec to better meet the anticipated increase in demand for its PV modules from its customers.

      Posted February 1st, 2010
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      schrieb am 08.04.10 16:51:59
      Beitrag Nr. 41 ()
      Apr 08, 2010 09:00 ET
      Solar Thin Films, Inc. Is in the Final Stages of Negotiations to Acquire BudaSolar Technologies Co., Ltd.

      NEW YORK, NY--(Marketwire - April 8, 2010) - Solar Thin Films, Inc. (OTCBB: SLTZ) today announced that it is in the final stages of its negotiations to acquire 100% ownership of BudaSolar Technologies Co., Ltd., a Hungary-based technology company that develops thin film solar module manufacturing technologies, including Building Integrated Photovoltaics (BIPV), related equipment, and critical components of turn-key production lines and associated computer software. The parties have agreed on a five year earn out arrangement and believe that their agreement will be finalized within thirty days.

      About Solar Thin Films, Inc.

      Solar Thin Films (www.solarthinfilms.com) develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon photovoltaic ("PV") modules through its subsidiary Kraft Elecktronikai Zrt. based in Budapest, Hungary. The Company sells both "turnkey systems" and sub-systems to customers currently located in China, Spain and the United States and has produced equipment for installations in the US, Germany, Portugal, Taiwan, Greece and Spain. The Company believes that its line of thin-film photovoltaic manufacturing equipment positions it to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin-film" PV modules as part of a cost effective, "clean technology" energy solution.

      About BudaSolar Technologies Co., Ltd.

      BudaSolar Technologies Co., Ltd. was founded in 2007 by a group of engineers and technicians who have been in the solar business since 1997. The company's core expertise is in the development of thin film solar module manufacturing technologies, including Building Integrated Photovoltaics (BIPV), related equipment, and critical components of turn-key production lines and associated computer software.
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      schrieb am 16.04.10 06:55:03
      Beitrag Nr. 42 ()
      Solar Thin Films, Inc. Acquiree BudaSolar Technologies Co., Ltd. Announces Receipt of Contract Valued at $160,000,000 US

      Solar Thin Films, Inc. (OTCBB: SLTZ) today announced that its planned subsidiary BudaSolar Technologies Co., Ltd. has signed a contract with China City Investments Limited as technology provider for the delivery of turnkey production lines at the capacity of 85MWp/year using Silicon based thin film PV technology. The agreement is the first phase of the Dalian City Industrial Park Project targeting the development of a complex, vertically integrated production center with cumulative PV production capacity of 1GW to be achieved in 10 phases.

      As was announced on April 8, 2010, Solar Thin Films, Inc. is in the final stages of its negotiations to acquire 100% ownership of BudaSolar Technologies Co., Ltd., a Hungary-based technology company that develops thin film solar module manufacturing technologies, including Building Integrated Photovoltaics (BIPV), related equipment, and critical components of turn-key production lines and associated computer software. The parties have agreed on a five year earn out arrangement and believe that their agreement will be finalized within thirty days.

      About Solar Thin Films, Inc.

      Solar Thin Films (www.solarthinfilms.com) develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon photovoltaic ("PV") modules through its subsidiary Kraft Elecktronikai Zrt. based in Budapest, Hungary. The Company sells both "turnkey systems" and sub-systems to customers currently located in China, Spain and the United States and has produced equipment for installations in the US, Germany, Portugal, Taiwan, Greece and Spain. The Company believes that its line of thin-film photovoltaic manufacturing equipment positions it to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin-film" PV modules as part of a cost effective, "clean technology" energy solution.

      About BudaSolar Technologies Co., Ltd.

      BudaSolar Technologies Co., Ltd. (www.budasolar.hu/news.html) was founded in 2007 by a group of engineers and technicians who have been in the solar business since 1997. The company's core expertise is in the development of thin film solar module manufacturing technologies, including Building Integrated Photovoltaics (BIPV), related equipment, and critical components of turn-key production lines and associated computer software.
      Avatar
      schrieb am 26.05.10 15:32:11
      Beitrag Nr. 43 ()
      26.05.2010 15:01
      Solar Thin Films, Inc. Acquires Atlantis Solar LLC

      NEW YORK, NY -- (Marketwire) -- 05/26/10 -- Solar Thin Films, Inc. (OTCBB: SLTZ) today announced that it has acquired 100% of the issued and outstanding shares of Atlantis Solar LLC ("Atlantis"). Solar Thin Films will maintain Atlantis as a wholly owned subsidiary. Atlantis intends to create a Solar Panel assembly and manufacturing facility in the US to fabricate both crystalline and amorphous silicon modules. It is anticipated that such operations will commence in Fall 2010. Atlantis has already received its first non-binding memorandum of understanding from a customer for the potential purchase of up to 80MW of crystalline modules. If the transaction is consummated, the potential gross revenues from this sale could be as much as 100 Million ($100,000,000) dollars over the next three years. Atlantis is headed by James Molinaro, co-founder of Solvinti LLC, who has over twenty-five years of executive management, sales and production experience in the Solar and Semiconductor industries.

      About Solar Thin Films, Inc.

      Solar Thin Films (www.solarthinfilms.com) develops, manufactures and markets a complete line of manufacturing equipment for the production of "thin-film" amorphous silicon photovoltaic ("PV") modules through its subsidiary Kraft Elecktronikai Zrt. based in Budapest, Hungary. The Company believes that its line of thin-film photovoltaic manufacturing equipment positions it to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin-film" PV modules as part of a cost effective, "clean technology" energy solution.
      Avatar
      schrieb am 07.06.10 17:49:13
      Beitrag Nr. 44 ()
      07.06.2010 15:40
      Solar Thin Films, Inc. Subsidiary Atlantis Solar LLC Signs MOU


      NEW YORK, NY -- (Marketwire) -- 06/07/10 -- Solar Thin Films, Inc. (OTCBB: SLTZ) today announced that its US manufacturing division, Atlantis Solar LLC (Atlantis), has signed an agreement with Solterra Fotovoltaico S.A. ("Solterra") wherein Solterra will purchase USA assembled solar panels from Solar Thin Films, Inc. Solterra is a developer of solar energy projects in Italy, Switzerland and Romania. The potential size of the agreement will be up to 80MW during 2010 and 2011. The initial contract for 2010 would be for a total of 18MW or nearly $20,000,000 with the entire project approaching $100,000,000. In order for the MOU to become a final contract, Atlantis is required to meet certain conditions.


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