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Apollo Solar Signs 5 Year Contract With Major Solar Company

Apollo will provide 5N ultra-high purity tellurium, the core material of CdTe thin film solar PV, with projected sales of approximately 730 million RMB (USD 110 million).

 Apollo Solar Energy, a provider of high purity tellurium (Te) and tellurium based metals for the CdTe/CIGS Thin Film solar photovoltaic (PV) industry has signed a five-year purchase contract with a major worldwide solar panel manufacturer.

According to the contract, Apollo will provide 5N ultra-high purity tellurium, the core material of CdTe thin film solar PV, with projected sales of approximately 730 million RMB (USD 110 million) over a 5 year period.

"We have been cooperating closely for the past five years with this manufacturer and we believe this purchase contract will be a win-win strategy for both of us in the long run." said Jingong Pan, CEO of the Company.

Apollo Solar Energy, through its wholly owned subsidiary, Sichuan Apollo Solar Science & Technology, is primarily engaged in mining, refining and producing tellurium (Te) and high-purity tellurium based metals for specific segments of the electronic materials market. The Company's products include CdTe thin-film compounds, CIGS thin-film compounds, ultra-high purity metals and commercial-purity metals.
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