SunSi Energies Inc. (OTCBB: SSIE) announcedtoday that, through its wholly-owned subsidiary SunSi Energies Hong KongLtd., it has executed a definite Distribution Agreement that entitles it todistribute outside of China the Trichlorosilane (TCS) produced at the ZBCfacility, with which SunSi signed a Joint Venture agreement in 2009. Aspreviously announced, SunSi will own 90% of the Joint Venture Company,named Zibo SunSi Chemical Co. Ltd., specifically formed to own the assets,expertise and technology of the Zibo TCS production facility. Thedistribution agreement grants full access of the ZBC production that willallow SunSi to start earning revenues during the process of closing theJoint Venture transaction.
rolex replicaTrichlorosilane is a chemical primarily used in the production ofpolysilicon, which is an essential raw material in the production of solarcells for photovoltaic (PV) panels that convert sunlight to electricity forhomes, businesses and farms. TCS is considered to be the first product inthe solar PV value chain before polysilicon, and is also the principalsource of ultrapure silicon in the semiconductor industry.
Pursuant to the terms of the Distribution Agreement between the parties,SunSi will have the rights to distribute all of the production outside ofChina. There was no cost to be paid by SunSi for this transaction. Whilethe current name plate capacity of the facility is 25,000 metric tons ofTCS per year, SunSi has committed to double this number over the next 12months following closing of the Joint Venture.
pandora charms"We are pleased to be able to start generating revenues for SunSi pendingcompletion of our acquisition and Joint Venture. While waiting for thetransaction to close, it only make sense to start building our marketoutside of China, where we are already in discussion with several potentialclients," said Mr. Richard St-Julien, Vice President of SunSi Energies Inc.and President of SunSi Energies Hong Kong Ltd.
About SunSi Energies Inc. ("SunSi")
SunSi Energies Inc. aims to acquire and develop a portfolio of high qualityTrichlorosilane (TCS) producing facilities that are strategically locatedand possess a potential for future growth and expansion. SunSi's firsttransaction has been launched in China through the acquisition of 90% of awell-established Trichlorosilane facility. Relatively unknown, butessential to the solar industry, Trichlorosilane is the main feedstock ofthe solar industry, used in the production of polysilicon. With thisacquisition, it is believed that SunSi becomes the first and only "pureplay" public company in the world honed on the production ofTrichlorosilane. SunSi Energies Inc. is traded on the NASDAQ OTC BulletinBoard under the ticker SSIE. For additional information, please visit theCompany's website: or call Michel G. Laporte at Tel:646-205-0291.
Forward-looking Statements: This news release contains forward-lookingstatements related to the future financial condition and results of SunSi'soperations. These statements are based on current expectations andestimates about the trichlorosilane markets and industry in which SunSioperates, as well as management's beliefs and assumptions regarding thesemarkets. These statements are subject to important risks and uncertainties,which are difficult to predict, and assumptions which may prove rolex fake to beinaccurate. Some of the factors that could cause results or events todiffer materially from current expectations include, but are not limitedto: general economic conditions, market or business conditions; changingcompetitive environment; changing regulatory conditions or requirements;changing technology; and su
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