AE Polysilicon Update

Motech sets up family deal for polysilicon from new US player has been posted online at the PHOTON International website from PI 12/2006, p.72, using their nomenclature. PHOTON claims AE is an abbreviation for Alternative Energy LLC, the holding company of AE Polysilicon.

Per PHOTON, AE Polysilicon was founded by Dr. York Tsuo, who is the brother of Motech Industries Inc. (TPO:6244) Motech Solar CEO Dr. Yuan-Huai Simon Tsuo. Dr. York Tsuo has a PhD in Chemical Engineering specializing in FBR (Fluidized Bed Reactor) technology. Dr. York Tsuo has done research in recent years for Foster Wheeler Energia Oy, part of Foster Wheeler Ltd. (NASDAQ:FWLT), and the Aker Kvaerner ASA (OSL:AKVER) Kvaerner Power division. Patents from Dr. York Tsuo can be found with Google’s new Patent Search feature here.

Also, Reuters reports Taiwan's Motech to issue 18 mln shares via GDRs could raise about T$7 billion (US$214 million) based on the company’s current share price and depending on the value and pricing of the offering. Motech will use the proceeds to “purchase equipment and raw materials from abroad”. AE Polysilicon may well be a raw material from abroad.

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