XinAo Enters Solar Market with Contract for Applied Materials' SunFab Thin Film LineThursday November 15 12:00 AMXinAo celebrated the signing of this contract at an event on November 13, 2007, attended by Mr. Wang Yusuo, chairman of XinAo and Franz Janker, executive vice president of Applied Materials. Mr. Wang commented, "Photovoltaic module manufacturing is a very important part of our strategy to provide clean energy to China and other countries of the world. We are leveraging our history of innovation and experience in energy production and utilization to develop this renewable alternative energy solution at competitive pricing. We have selected Applied Materials as a key contributor to this project because of its leadership in ultra-large area processing and its successful 23 year history of providing systems and support to China's semiconductor manufacturers." "We are very pleased to have the opportunity to work with XinAo on their first solar project and we value their trust in our ability to help make this new venture a success," said Mr. Janker. "Since the Applied SunFab Thin Film Line uses 5.7m2 substrates that are four times bigger than today's typical solar modules, XinAo can use efficiencies of scale to lower both manufacturing and installation costs. These large substrates will accelerate the development of a cost-effective solution for clean renewable energy." Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in Nanomanufacturing Technology(TM) solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass. Applied Materials applies Nanomanufacturing Technology to improve the way people live. Learn more at www.appliedmaterials.com. XinAo Group is a leading company in clean energy integration solutions led by technology innovation. Xinao Group has built an energy industrial value chain consisting of energy exploitation, energy transformation and energy distribution. XinAo has more than 20,000 employees and total assets of RMB18 billion. It has more than 100 subsidiaries and offices in over 60 cities in China and in other countries including Australia, U.K. and the U.S.A. Learn more at www.xinaogroup.com. Contact: XinAo Media Zhenyue Zhang, 13810100474 |
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