MOUNTAIN VIEW, Calif., Oct. 26 /PRNewswire-Asia/ -- Solar EnerTech Corp.
(OTC Bulletin Board: SOEN) (the "Company") today announced that SET-Solar Corp.
(previously referred to as Shunda-SolarE Technologies), the Company's joint
venture with Jiangsu Shunda, one of China's largest polysilicon and wafer
manufacturers, will appear at the Solar Power International Conference from
October 27-29, 2009 at the Anaheim Convention Center in Anaheim, California.
SET-Solar Corp. will exhibit its polysilicon material, silicon ingots and
wafers produced by Jiangsu Shunda and high-efficiency solar cells and
high-performance solar modules produced by Solar EnerTech.
The conference is the largest business to business solar event in North
America. Over 800 exhibitors and more than 25,000 attendees are expected to
attend. Leo Young, the Company's President and Chief Executive Officer along
with other members of senior management will be in attendance to meet with
existing customers and prospective investor groups.
The high volatility of oil prices, coupled with increased concerns over
rising CO2 emissions worldwide, has led to the cultivation of renewable energy
projects, including advanced photovoltaic (PV) technology, in recent years.
Solar EnerTech and its PV cells and module applications have benefitted from
increased demand for clean energy sources worldwide.
"Our business has been propelled by the ongoing efforts and investment
from European countries, and more recently by local governments and businesses
in the US," said Leo Young, the Company's Chief Executive Officer. "Through
our U.S. joint venture, Solar EnerTech is participating in this tradeshow to
showcase new products and introduce its value-added services to all US-based
B2B and B2C PV industry players."
Roland Chu, SET-Solar's Chief Executive Officer commented, "We are pleased
with the growth of SET-Solar in the five months in which we have been in
business. We are also pleased to have obtained the California Solar Initiative
(CSI) Listing, which enables us to penetrate multiple sectors of the PV market
in the U.S. Our strategy with our customers has been to move beyond simply
supplying solar panels and offer a more comprehensive service solution that
includes inverters and other accessories, as well as financing and leasing
options. We remain encouraged with our growth opportunities in the U.S.
marketplace."
Solar EnerTech/SET-Solar's showcase at the Anaheim Convention Center is
exhibit space #1285.
About Solar EnerTech Corp.
Solar EnerTech is a photovoltaic ("PV") solar energy cell manufacturing
enterprise incorporated in the United States with its corporate office in
Mountain View, California. The Company has established a sophisticated 63,000
square foot manufacturing plant located in China, in Shanghai's Jinqiao Modern
Technology Park. Currently, the Company is capable of producing 50MW of solar
cells from its existing production lines.
Solar EnerTech has also established a Joint R&D Lab at Shanghai University
to develop higher efficiency cells and to put the results of that research to
use in its manufacturing processes. Led by one of the industry's top
scientists, the Company expects its R&D program to help bring Solar EnerTech
to the forefront of advanced solar technology research and production.
Safe Harbor Statement
Statements contained in this press release, which are not historical facts,
are forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
based largely on current expectations and are subject to a number of known and
unknown risks, uncertainties and other factors beyond our control that could
cause actual events and results to differ materially from these statements.
These statements are not guarantees of future performance, and readers are
cautioned not to place undue reliance on these forward-looking statements,
which are relevant as of the date of the given press release and should not be
relied upon as of any subsequent date. Solar EnerTech undertakes no obligation
to update publicly any forward-looking statements.
SOURCE Solar EnerTech Corp.