CHENGDU, China, April 29, 2011 /PR Newswire-Asia-First Call/ -- Apollo Solar Energy, Inc. (OTCBB: ASOE) ("Apollo Solar" or "the Company"), a leading vertically integrated refiner and producer of high purity tellurium (Te), tellurium-based compounds and other metals for the solar photovoltaic (PV) industry and specific segments of the electronic materials market worldwide, today announced that Mr. Harry Reid, majority leader of the United States Senate, along with 9 other United States Senators, visited the Company's manufacturing facilities in Chengdu on April 25, 2011. Never before has such a large congressional delegation visited Southwest China.
Senator Harry Reid and 9 other United States Senators, including Senator Richard Shelby (R-AL), Senator Barbara Boxer (D-CA), Senator Richard Durbin (D-IL), Senator Michael Enzi (R-WY), Senator Charles Schumer (D-NY), Senator Frank Lautenberg (D-NJ), Senator John Isakson (R-GA), Senator Jeff Merkley (D-OR), Senator Michael Bennet (D-CO), who were accompanied by US embassy officers, US Chengdu general consulate officers, and local governmental officers, visited Apollo's manufacturing facilities in Chengdu. The delegation had productive conversations with Apollo's new management team. Dr. Jingong Pan, CEO of the Company, reported the Company's recent progress in the areas of marketing and research and development. The Senate delegation was impressed by the company's unique advantages and ambitious plans in the solar energy field, and that the company expects to be the best core advanced material supplier for the CdTe thin film PV panels industry.
"The relationship between the United States and China is important for our two nations, but it is also important for the world," Senator Reid was quoted as saying on his website. "How the United States and China work together on commerce, currency and clean energy will help determine the future health of the global economy. I thank China's leaders for meeting with us to discuss these important issues." To learn more about this Senators delegation visit to Chengdu, please see: http://chengdu.usembassy-china.org.cn/codel201104.html
"We believe that the US Senate delegation's visit to our Company shows our leading position in the CdTe thin film PV industry. This industry expects tremendous growth in 2011 and beyond. Following First Solar's large commercial success, Abound Solar received a $400 million guarantee loan from the US Department of Energy last year, and GE announced a $600 million investment in Prime Star Solar in April 2011." Dr. Jingong Pan further stated: "We believe demand for our core products will increase dramatically when Abound Solar and Prime Star Solar commence CdTe thin film panel manufacturing. We also believe that Apollo's intensive research and unique processing of core materials will help our clients improve their efficiencies and cost competitiveness."
Friday, April 29, 2011
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