Menlo Park, Calif., Nov. 14 /Xinhua-PRNewswire-FirstCall/ -- Solar EnerTech Corp. (BULLETIN BOARD: SOEN) (the "Company") today announced that the Company will participate in the US-China Green Tech Summit at the 'Hyatt on the Bund' in Shanghai on November 14th. The Green Tech Summit serves as a gathering of the highest-ranking U.S. and Chinese business leaders and government officials currently working with renewable and clean energy. The event is aimed at aligning around 500 industry professionals and policy makers for the purpose of developing immediate green energy solutions and encouraging long-term collaboration between the US and China.
The event is being organized by the business communities of Shanghai and the San Francisco-Silicon Valley Bay Area of California, both of which are emerging as global centers for green tech development. Participants at this event include prominent U.S. government representatives including San Francisco mayor, Gavin Newsom and California senator, Diane Feinstein. Solar Enertech's Chief Executive Officer, Mr. Leo Young will deliver a company presentation to a delegation that includes both Chinese and U.S. investors, energy experts and top-level government leaders.
Mr. Young commented, "As the only California solar company with a manufacturing base in Shanghai, we are well positioned to benefit from increased clean technology relations between the U.S. and China. California represents a very large opportunity for the PV industry and we hope to benefit through our presence in both regions. There are a solid number of U.S./California-based PV system integrators looking for new suppliers and we believe our solar cells and modules can be utilized for residential housing projects, PV power stations, as well as for on and off-grid projects in the U.S. market. We believe this conference will also serve as an opportunity for Solar Enertech to increase the visibility of its unique solar product applications for the rapidly growing Chinese domestic market."
About Solar EnerTech Corp.
Solar EnerTech is a photovoltaic ("PV") solar energy cell manufacturing enterprise based in Shanghai, China, where the Company has established a sophisticated 63,000 square foot manufacturing plant in Shanghai's Jinqiao Modern Technology Park. The Company has two 25MW solar cell production lines as well as a 50MW solar module production facility.
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. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
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.
