news digest ♦ Solar
Corporation (TSDI) of China. Under the agreement, TSDI will promote the use of leading-edge solar technology in China’s rapidly growing public railway infrastructure by installing Ascent Solar CIGS modules on existing and future railway stations in China.
Radiant has been responsible for installing the roofing component on multiple railway station projects throughout China and is well positioned to execute the PV retrofitting of existing railway stations, as well as new installations. The total volume of solar installation on China’s public infrastructure is projected to reach 800 MW over the next five years.
TSDI, a subsidiary of the China Railway Group, is a large-scale comprehensive survey and design corporation that has been appointed to build a uniform technical platform for China’s national railway system.
TSDI ranks among China’s Top 100 firms in terms of overall strength, and holds a Class-A Qualification certificate for Engineering Survey and Design from China’s Ministry of Housing and Urban- rural Development. The organisation has designed over 50,000 km of railways in China, including the country’s first high-speed railway and first heavy- haul railway. In addition, TSDI designed China’s first modern, large-scale multi-modal transport hub, the Beijing South Railway Station.
Shenzhen Radiant Enterprise Co., Ltd., Ascent’s strategic partner in East Asia and a pioneer in the metal roofing and façade industry in China, will work closely with Ascent and TSDI to design, engineer and install the solar systems.
“We are honoured to be involved with TSDI through this very important partnership, which will promote Ascent Solar’s transformational technology in a high-profile sector of China’s public infrastructure. This year, we look forward to working closely with TSDI and Radiant to design and develop systems to be installed beginning in 2013,” states Victor Lee, Ascent Solar President and CEO.
Winston Xu, Founder of Shenzhen Radiant Enterprise Co., Ltd. and Ascent Solar Board Member,adds “China’s state-of-the-art railway system is one of the largest and fastest growing in the world. Ascent Solar and Radiant Group feel
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privileged to work with TSDI towards the goal of incorporating green, renewable energy with this important piece of China’s infrastructure.”
According to the terms of the agreement, the three parties will begin system design and engineering development in the near term, with initial project installations beginning in 2013.
Opel begins trading in the U.S. on OTCQX International
The global supplier of solar related products and III-V compound semiconductor device and process developer, has begun trading in this U.S. stock market
Opel Technologies has begun trading in the United States on the OTCQX International under the symbol “OPELF”.
Opel sees a significant benefit to being traded on the OTCQX. The Company believes it will gain greater exposure and liquidity in the United States without the regulatory expense of traditional U.S. listings.
“It has been a near-term strategy of the Company to increase the liquidity of our shares, and we exhibited our commitment to that goal by upgrading to the top tier of the OTC market. Achieving our membership on the OTCQX provides Opel significant accessibility to high liquidity institutional and retail investors in the United States,” says Leon M. Pierhal, CEO of Opel Technologies Inc.
Pierhal adds, “The U.S. is the world leader in clean energy and semiconductor investing, and we look forward to sharing Opel’s growth story and opportunities with the OTCQX investor base which will benefit all shareholders.”
Pierce Atwood, LLP will serve as Opel’s Principal American Liaison, responsible for providing guidance on OTCQX requirements and U.S. securities law.
Opel common shares will continue to trade in Canada on the TSX Venture Exchange under the “OPL” symbol.
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