Apollo Solar Energy (HKG:0566) announced that its wholly-owned subsidiary, Apollo Precision (Fujian) Limited, has entered into a memorandum of understanding on 14 January 2010 with a customer based in Henan Province.
According to the memorandum, from 2010 to 2012, the customer intends to buy manufacturing equipment for producing an aggregate of 200 MW silicon based thin-film solar photovoltaic modules from Apollo Precision (Fujian).
Apollo Solar Energy considers that the memorandum demonstrates the continuance of the growth of business of its group companies in the amorphous silicon thin-film solar industry and allows the group to increase market share and competitiveness in the solar energy market.
