PHILADELPHIA, June 25 /PRNewswire-FirstCall/ -- CDI Corp. announced today that its CDI Engineering Solutions business unit has been selected by Solar Energy, LLC of Dankov, Russia, a subsidiary of Industrial Investors Group, to provide technology integration and basic engineering services for a 1200 MT polysilicon production facility to be located near the south-central Russian city of Lipetsk.
CDI's scope of work involves integration services and technical oversight of the basic engineering packages produced for the trichlorosilane (TCS) plant, the vent gas treatment system and the polysilicon plant production area. This will include the chemical vapor deposition reactors and converters for the manufacture of polysilicon. CDI will also provide Balance of Plant Front-End Engineering Design (FEED) services for the waste treatment system, offsite facilities, utilities and infrastructure for the entire production facility.
"Selecting CDI to provide the overall integration of the technologies will be key for the success of our project," said CEO of Solar Energy, Eugene Vaag. "Their experience in TCS design and overall polysilicon facilities made our choice very clear."
CDI Engineering Solutions has been involved in the design of polysilicon projects utilizing similar processes for over a decade with many of its clients' plants in operation today. As a leader in implementing TCS technology, CDI is providing technology integration, basic engineering, Front-End Engineering Design (FEED) and Engineering Procurement Construction Management (EPCM) services for polysilicon producing clients through a Global Project Development organization dedicated to the polysilicon market and headquartered in Houston, Texas.
Keith Landry, Vice President of Global Project Development for CDI Engineering Solutions said, "We are pleased to be selected for this important project for Solar Energy. Our teams are dedicated to providing a highly valuable and efficient design for the new TCS and polysilicon production plant."
About CDI
Headquartered in Philadelphia, CDI Corp. is a leading provider of engineering and information technology outsourcing solutions and professional staffing. Its operating units include CDI Engineering Solutions, CDI IT Solutions, CDI AndersElite Limited and Management Recruiters International, Inc. Visit CDI at http://www.cdicorp.com/.
About Industrial Investors Group and Solar Energy LLC
Industrial Investors Group is a leading Russian independent investment company in Russia. Since 2000, Industrial Investors has been actively investing in the Russian economy, focusing on sectors with strong growth potential. Solar Energy LLC is a subsidiary of the Industrial Investors Group. For more information, go to http://www.industrial-investors.com/invest.html.
Solar Energy LLC is a vertically integrated solar business that includes all key elements of the solar value chain; from production of high-grade polysilicon components to fully integrated photovoltaic systems; achieving this solely based on its own manufacturing, marketing and distribution assets. Solar Energy's mission is to be a global leader in the solar energy marketplace.
Caution Concerning Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address expectations or projections about the future are forward-looking statements. Some of the forward-looking statements can be identified by words like "anticipates," "believes," "expects," "may," "will," "could," "should" and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions that are difficult to predict. Because these forward-looking statements are based on estimates and assumptions that are subject to significant business, economic and competitive uncertainties, many of which are beyond our control or are subject to change, actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: changes in general economic conditions and levels of capital spending by customers in the industries that we serve; the availability and cost of qualified labor; our level of success in attracting, training, and retaining qualified management personnel and other staff employees; changes in customers' attitudes towards outsourcing; credit risks associated with our customers; changes in tax laws and other government regulations; the possibility of incurring liability for our activities; our performance on customer contracts; and government policies or judicial decisions adverse to our businesses. More detailed information about some of these risks and uncertainties may be found in our filings with the SEC, particularly in the "Risk Factors" section of our Form 10-K's.
