July 10, 2008

ET Solar Signs Module Sales Agreement With Techwin

The ET Solar Group, a vertically integrated manufacturer of photovoltaic products including ingots, wafers and modules, has signed a module sales agreement with Techwin, a Korean company involved in plant engineering and environmental technology development.

Under the contract, ET Solar will supply 500kW of photovoltaic (PV) modules to Techwin, in the third quarter of 2008.

Xinghua Wang, CEO and chairman of ET Solar, said: "We are very excited to establish business relationships with significant Korean PV plays like Techwin. The 500kW PV module agreement represents ET Solar's first transaction in the burgeoning Korean PV market. Following the module sales agreements that we signed in the Italian and French markets, this agreement further demonstrates our strong market penetration capabilities and effective geographic diversification efforts."