CTDC Announces Strategic Partnership with Terra Solar

HONG KONG, Oct. 25 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation (Nasdaq: CTDC; the "Company" or "CTDC"), a provider of renewable energy solutions and network security focusing in the solar energy business in China, today announced that it has signed a memorandum of understanding ("MOU") with Terra Solar Global Inc. ("Terra Solar"), the leading U.S. based pioneer in the research and development of photovoltaic technology, to form a strategic partnership to develop and integrate applications of solar energy technology. The partnership is driven by the technological advantages of Terra Solar's leading status in the BIPV (building integrated photovoltaic) market place as well as the cost advantages of the product and applications offerings and market
opportunities in China which CTDC could offer. Under the MOU, Terra Solar will provide their support in research and development of solar energy technologies based products and applications as well as establishing distribution channels of SnO2 base plate and solar products in North America, while CTDC will manufacture solar products and applications and continuously identify market opportunities to introduce advanced solar energy technologies, products and systems to China. The MOU
marks a further step of cooperation with China Solar Group which also includes that Terra Solar will provide CTDC with technical consultancy support on the installation and operation of SnO2 solar base plate production lines. SnO2 solar base plate is a key component of a-Si (Amorphous Silicon) thin-film PV products. The signing of this MOU marks another milestone in the establishment of CTDC as a significant player in China's solar sector, which gives the Company solid technical support in manufacturing and distributing SnO2 base plates and future thin-film based solar energy products. It also allows the Company and Terra Solar to introduce advanced solar technologies and system delivery know- how to China where CTDC will focus its sales and marketing efforts through the extensive business network amongst one of its majorshareholders, China Merchants Group. Commenting on the partnership, Alan Li, CEO of the Company, said: "We expect tremendous mutual benefits from this partnership with Terra Solar. This cooperation will better equip the Company with industry know-how to introduce world leading solar energy solutions to China. We are confident that this cooperation will lay the foundation for CTDC to become a
successful player in China's renewable energy market."Jack C. Chu, CEO of Terra Solar, added: "With the extensive BIPV system delivery experience coupled with advanced thin-film technology offered by Terra Solar over the last three decades, we are confident that our expertise will enable our strategic partner to grow in the China market. We are confident that CTDC is the right strategic partner to tap the China market as both companies share a vision of revolutionizing the booming
industry by taking a forward looking approach and ensuring satisfaction through state of the art technologies, products and system delivery know-how."
About CTDC:
CTDC is a provider of renewable energy solutions and network security focusing in the solar energy business in China. CTDC's ultimate principal shareholder is China Merchants Group ( http://www.cmhk.com ), one of the biggest state-owned conglomerates in China. For more information, please visit our website at http://www.chinactdc.com .