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Tuesday, February 19, 2008

AE Polysilicon Event Groundbreaking – Part 2

Pictures from the Groundbreaking Ceremony

Photo Credit: AE Polysilicon
Dr. York Tsuo is second from the right.

The official event press release, Sec. McGinty Helps Break Ground on $100 Million Solar Manufacturing Project in Bucks County, is from the Pennsylvania Department of Environmental Protection (DEP). I do not see DEP Secretary Kathleen McGinty in either of the groundbreaking photographs. Perhaps she attended earlier, missed the ceremony, or was taking the photos?

AE Polysilicon founder and President Dr. York Tsuo said:

Global demand for clean energy and solar power in particular is booming; however, limited supplies of polysilicon have restrained the industry’s ability to mass produce affordable solar cells and modules. It is the company’s vision to advance the competitiveness of the solar energy industry by developing cost-effective technologies and creating strong relationships in the industry and local community. We are very excited to locate in Pennsylvania, with its strong commitment to developing a clean energy economy and its skilled workforce.

Photo Credit: AE Polysilicon
I believe Motech Industries, Inc. Chairman and President Dr. Simon Tsuo is at the far right.

In Groundbreaking Event of AE Polysilicon Corporation, Motech Industries Inc. (TPO:6244) said:

According to AE, major equipments have been ordered and installation had already begun for some equipments at a site near the facility. AE expects to enter into test production soon after the production facility has been completed. According to the construction plan, AE expects to commence test production in the fourth quarter of 2008.

Motech seems to expect delivery of polysilicon to begin in early 2009 from the new AE Polysilicon facility. Per the original Motech and AE Polysilicon ink Polycrystalline Silicon Feedstock Supply Agreement, "polysilicon delivery from AE to Motech is expected to begin as early as 2008."

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