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| Monday, 20 September 2010, 20:58 HKT/SGT | |
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Source: Anwell | |
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SINGAPORE, Sept 20, 2010 - (ACN Newswire) - Anwell Technologies Limited ("Anwell" or "Group"), a global supplier of advanced manufacturing equipment and process technologies for the optical media, OLED and solar industries is pleased to announce that its subsidiary, Henan Sungen Solar Fab Co., Ltd., ("Henan Sungen") has received a deposit from a leading solar panel distributor/developer ("Developer") for its order of solar module. The deposit was made by the Developer according to an agreement signed between Anwell and the Developer.
-- To deliver a minimum of 180MW solar module within the next 3 years
to a leading solar module distributor/developer
-- Projected revenue of more than USD300M in 3 years on fulfillment
of the contract
-- Ability to leverage on customer's strong sales and service network
to better market its products
With the agreement in place, Anwell has further strengthened its expansion plan for its thin film solar plant in Henan, China. Under the agreement, the Developer has committed to purchase not less than 180MW of solar modules from Anwell within the next 3 years. The first shipment is scheduled to deliver in October of this year.
"We are delighted to receive this major sales order from our business partner. The partnership developed through the agreement will enable Anwell to broaden its reach to other regions as well as further increase the business momentum of our solar division in the overseas market," Said Franky Fan, Executive Chairman & CEO of Anwell.
"We offer a unique competitive advantage in the solar market with our cutting edge thin film solar module manufacturing solutions that aim to lower costs while maintaining high performance. We believe that the world-class quality and competitive cost of our products, coupled with the strong sales and service network provided by our partner, will allow Anwell to lead its solar division towards a brighter success."
Contact:
Ken Wu, CFO
Anwell Technologies Limited
Tel: +852 2499 9178
Fax: +852 2499 9170
E-mail: kenwu@anwell.com
Kamal Samuel / Adrian Seah
Financial PR Pte Ltd
Tel: +65 6438 2990
Fax: +65 6438 0064
E-mail: kamal@financialpr.com.sg
adrian@financialpr.com.sg
Topic: Contract Awarded
Source: Anwell
Sectors: Daily Finance, Alternative Energy
http://www.acnnewswire.com
From the Asia Corporate News Network
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