Mr. Andreas Tapakoudes reports
QSOLAR BEGINS SHIPMENTS FROM ITS OWN NEWLY ESTABLISHED MANUFACTURING FACILITIES IN SHANGHAI, CHINA
QSolar Ltd. has begun shipments from its own manufacturing facilities in Shanghai, China.
The first shipment of 100 kilowatts ($160,000) was shipped during the week of July 4, 2011, to Solexia Ltd., a solar installation company located in Modena, Italy, as a partial shipment of its 317-kilowatt ($500,000) order (June 14, 2011, announcement).
Andreas Tapakoudes, president and chief executive officer of QSolar, commented: "This represents a significant milestone for the company in that we are now a fully independent manufacturing company with our own manufacturing facilities, using our own proprietary manufacturing processes, designs and quality controls. QSolar's manufacturing facility will enable the company to significantly increase profitability and better protect our intellectual property."