News Article
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.
