CTDC Signs a 20MW PV Module Sales Contract to Capture New Market Share in Europe
28 Fevereiro 2011 - 8:30AM
China Technology Development Group Corporation ("CTDC", the
"Company" or "we") (Nasdaq:CTDC), a growing clean energy group
based in China to provide solar energy products and solutions under
the brand "LSP", announced that the company's wholly-owned
subsidiary has signed a Sales Contract for the Year 2011 (the
"Contract") of 20MW solar modules with well-known Italian
photovoltaic ("PV") system integrator ConSae S.r.l. ('ConSae').
Pursuant to the Contract, Linsun Renewable Energy Corporation
Limited ("LSR"), a wholly-owned subsidiary of CTDC, will supply
ConSae with 20MW of LSP crystalline solar modules. Including 15MW
of LSP standard crystalline solar modules, and 5MW of CTDC
self-developed transparent crystalline solar modules, and to be
completed supplying all quantity by the end of 2011. This is
another successful milestone of LSP, the solar module brand of
CTDC, capturing European market shares, after LSP has been selected
to supply to MW-level on grid power plant in Italy at the end of
2010.
"This 20MW sales contract has speeded up our pace in strongly
exploring European market, reaching our supplying frontier of LSP
high quality solar modules to the blooming Italian market," said
Mr. Sean Liaw (Liao Lin-Hsiang), Chief Operating Officer of the
Company, "and it should greatly expand our brand influence in
Europe." And Mr. Liaw added, "CTDC is looking forward to the
European PV market, we are dedicating to establish a board sales
network in Europe. Our sales center and warehouse in Italy will be
officially operating by March, 2011. This shall provide real time
and efficient service to our customers in Europe and greatly expand
CTDC's strength in the European region."
About China Technology Development Group
Corporation (Nasdaq:CTDC)
Established in 1995, CTDC has been listed on the US NASDAQ Stock
Market since 1996. CTDC is a growing clean energy group in China,
which provides solar energy products and solutions under the brand
"LSP". CTDC's major shareholder is China Merchants Group, a
state-owned conglomerate in China (http://www.cmhk.com).
For more information, please visit www.chinactdc.com.
About ConSae S.r.l
("ConSae")
ConSae is a leading system integrator in Italy, involved in
several PV system installation in Italy, Turkey and other
countries.
For further details of ConSae's solar business, please visit
www.consae.com
Forward-Looking Statement Disclosure:
It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding:
A) the timing of product, service and solution deliveries; B) our
ability to develop, implement and commercialize new products,
services, solutions and technologies; C) expectations regarding
market growth, developments and structural changes; D) expectations
regarding our product volume growth, market share, prices and
margins; E) expectations and targets for our results of operations;
F) the outcome of pending and threatened litigation; G)
expectations regarding the successful completion of contemplated
acquisitions on a timely basis and our ability to achieve the set
targets upon the completion of such acquisitions; and H) statements
preceded by "believe," "expect," "anticipate," "foresee," "target,"
"estimate," "designed," "plans," "will" or similar expressions are
forward-looking statements. These statements are based on
management's best assumptions and beliefs in light of the
information currently available to it. Because they involve risks
and uncertainties, actual results may differ materially from the
results that we currently expect. Factors that could cause these
differences include the risk factors specified on our annual report
on Form 20-F for the year ended December 31, 2009 under "Item 3.D
Risk Factors." Other unknown or unpredictable factors or underlying
assumptions subsequently proving to be incorrect could cause actual
results to differ materially from those in the forward-looking
statements. The Company does not undertake any obligation to update
publicly or revise forward-looking statements, whether as a result
of new information, future events or otherwise, except to the
extent legally required.
CONTACT: Company Contact
Fion Hu
Tel: +852 3112 8461
Email: ir@chinactdc.com
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