Uni-Solar Receives Order for 2.4 MW of Thin-Film

United Solar Ovonic announced the shipment of 500 kW of its flexible thin-film solar photovoltaic producst to Solar Integrated Technologies (SIT), a Los Angeles-based manufacturer of integrated flexible photovoltaic roofing systems for commercial and industrial buildings.

Auburn Hills, MI – May 25 [SolarAccess.com] The shipment is part of the first 2.4 MW order placed by SIT since it signed an expanded strategic supply agreement with Uni-Solar in April. Under the terms of the agreement, SIT is expected to purchase more than 5 MW of Uni-Solar’s PV in 2004, amounting to nearly 20% of Uni-Solar’s annual production capacity. “This shipment will be utilized immediately to manufacture our SR2001 solar electric roof panel to service a large backlog of orders with our customers,” said Ed Stevenson, CEO of SIT. “The Uni-Solar Ovonic product is the finest photovoltaic module in the world and we look forward to purchasing large quantities on an ongoing basis.” SIT is currently providing the Uni-Solar Ovonic product for customers, including Coca Cola and the San Diego City Schools. Stan Ovshinsky, Chairman and CEO of Uni-Solar and President and CTO of ECD Ovonics said his company’s flexible thin-film solar cells are ideally suited for building integrated photovoltaics (BIPV). “We…are committed to expanding the market for our building integrated PV products and systems,” said Subhendu Guha, President and COO of Uni- Solar Ovonic. “We are excited to be working with SIT, an industry leader in the integrated flexible photovoltaic roofing system, to provide solar energy solutions to existing customer base and to other potential new customers.” SIT recently completed a public offering on London’s AIM Stock Exchange under the ticker symbol SIT. Through the offering, SIT raised 12.3 million pounds Sterling (approximately $22 million) to provide working capital and to expand operations in the U.S. and Europe.

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