ROCHESTER HILLS, Mich., Jan. 23 /PRNewswire-FirstCall/ -- United Solar Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc. (Nasdaq: ENER) (ECD), announced today that it has entered into an agreement with South Korea's AirTec System Co., Ltd. (AirTec) for 25MW of UNI-SOLAR(R) brand thin-film laminates for integration into large-scale power projects. Under the terms of the agreement, AirTec will take delivery of the UNI-SOLAR laminates during calendar years 2008 and 2009 primarily for medium- to large- scale ground-mounted solar power plants and large-scale rooftop and building- integrated applications in a number of recently awarded projects in South Korea. The agreement with AirTec is structured on a "take-or-pay" basis."We continue to increase our presence in the South Korean solar market, one of the fastest growing photovoltaic markets in the world," commented Mark Morelli, ECD's president and CEO. "The Korean market clearly endorses the unique value proposition offered by our UNI-SOLAR products for rooftop systems where our product features a cost-effective solution."
UNI-SOLAR laminates offer superior cost-effective solutions for roofing applications because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real- world conditions. They are, for example, three to five times lighter than conventional solar modules (which use glass), offering an ideal solution for low-load bearing roof applications. UNI-SOLAR laminates can be installed without any structural changes or penetrations to the roof, and provide superior wind and seismic load performance compared with conventional solar modules. UNI-SOLAR laminates do not require polysilicon, a key raw material for conventional PV products.
No comments:
Post a Comment