HONG KONG, May 8 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation (Nasdaq: CTDC) ("CTDC" or "the Company"), a provider of clean and renewable energy products and solutions focusing on solar energy business in China, is pleased to announce that the engineering team of China Merchants Zhangzhou Development Zone Trenda Solar Energy Ltd. ("Trenda"), the wholly-owned subsidiary of the Company, has successfully concluded the testing of its first SnO2 production line. This line is expected to operate the pilot production of the solar base plates in June. SnO2 solar base plate is a type of transparent conductive oxide substrate of amorphous silicon (a-Si) or thin film solar cells. It is a key component of a-Si thin film PV products which optimizes the performance of Building Integrated Photovoltaics (BIPV).
The dedicated engineers from our company and our US and China partners, Terra Solar & China Solar, have been working diligently in the past several months to enhance the manufacturing techniques in order to maximize the energy efficiency as well as to minimize the production cost of the SnO2 base plate product. Commercial production is expected to ramp up to full production within 6 months.
"We are delighted to announce the test completion of the first production line and are excited about the upcoming milestones according to our expansion plan. The test completion timeline of the first production line is consistent with the Company's strategy plan announced in December of 2007. We have initiated meetings with our potential customers concerning our product availability and delivery schedule. We are confident that our final product will be well qualified and competitive to meet the increasing demands for our product in the upcoming months," commented by Alan Li, Chairman and Chief Executive Officer of the Company.
About CTDC:
CTDC is a provider of clean and renewable energy products and solutions focusing on 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 .
Forward-Looking Statement Disclosure:
This press release of the Company, which is a foreign private issuer, on Form 6-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Act of 1934. These statements relate to future events or the Company's future financial performance. The Company has attempted to identify forward-looking statements by terminology including "anticipates", "believes", "expects", "can", "continue", "could", "estimates", "expects", "intends", "may", "plans", "potential", "predict", "should", or "will" or the negative of these terms or other comparable terminology. These statements are only predictions, uncertainties and other factors may cause the Company's actual results, level of activity, performance or achievements to be materially different from any future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. The information in this Report on Form 6-K is not intended to project future performance of the Company. Although the Company believes that the expectations reflected in the forward- looking statements are reasonable, the Company does not guarantee future results, level of activity, performance or achievements. The Company's expectations are as of the date this Form 6-K is filed, and the Company does not intend to update any of the forward-looking statements after the date this Report on Form 6-K is filed to conform these statements to actual results, unless required by law.
Enquiries:
Company Contact
Stephan Yao
General Manager, PR/IR Department
Tel: +852-3112-8461
Email: ir@chinactdc.com
SOURCE China Technology Development Group Corporation
International News / Press Release source: PR Newswire
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