HONG KONG /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corp. (CTDC), a provider of clean and renewable energy products and solutions focusing on solar energy business in China, announced that it held a ribbon cutting ceremony to showcase the first SnO2 production line at China Merchants Zhangzhou Development Zone on December 28, 2007.
Accompanied by Mr. Alan Li, our Chairman and Chief Executive Officer, many important government and business leaders—including Dr. Yuning Fu, President of China Merchants Group (CMG); Mr. Zheng Hu, Vice President of CMG; Mr. Keqing Liu, Secretary General of Zhangzhou Government; Mr. Jianguo Li, Mayor of Zhangzhou City; and Mr. Bin Wu, General Manager of China Merchants Zhangzhou Development Zone—participated in this opening ceremony. All the participants also had an opportunity to tour CTDC's 129,000 sq. ft. manufacturing facility. The local government officials not only publicly endorsed CTDC's investment in the solar energy sector, focusing on the China market, they also vowed to provide all necessary government support and other incentives, such as provision of land and grants, to CTDC in the future.
The ceremony marks another key milestone for the company to manufacture and sell the proprietary SnO2 base plates, a key component of amorphous silicon (a-Si), thin-film, PV products, which can optimize the performance of building-integrated photovoltaic (BIPV) units.
BIPV involves solar panels integrated directly into a building's architecture to provide one source of electricity for the building. Amorphous-silicon is itself semi-transparent and thus is most suitable for transparent modules.
"We are honored to have so many government and business leaders attend the opening ceremony of our first showcase production line and to receive full support and endorsement from them on our new expansion into solar energy business in China," commented Mr. Li, "Under the vast investment holdings by China Merchants Group, we are the only platform that focuses exclusively on alternative energy and green technology development. We fully intend to leverage the abundant resources and support from CMG, our principal shareholder, to become a leader in clean and renewable energy sector in China, and ultimately deliver greater shareholder value."
About SnO2 Base Plate Technology
SnO2 solar base plate is a type of transparent conductive oxide substrate of amorphous silicon or thin-film solar cells. SnO2 thin films have a number of benefits: they are corrosion resistant, have good thermal stability, are of low cost yet have high rigidity; and have excellent photo-electronic properties. SnO2 base plates have a variety of applications in solar cells, liquid crystal displays, gas-sensitive sensors, antifogging devices, and electrostatic protection, especially in Low-E glass.
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, one of the biggest state-owned conglomerates in China.