Solar Thin Films, Inc.: Solar Thin Films Announces New Order for Kraft
Solar Thin Films Announces New Order for Kraft
BUDAPEST, HUNGARY — (MARKET WIRE) — January 16, 2007 — Solar Thin Films, Inc. (PINKSHEETS: SLTF)(”STF” or the “Company”) announces that its majority owned subsidiary,Kraft zRt. (”Kraft”), received a new order from Energy Photovoltaics Inc.(”EPV”)
with a total value over $900,000 USD. The shipments will be madein three separate installments with the delivery dates expected to bewithin 90, 120 and 180 days.
“This new order received from EPV is a great start for the year. I am veryproud that customers like EPV return to us for additional orders. Since theacquisition of the majority of ownership interest in June 2006, we believethat the Hungarian-based Kraft has proven to our customers that theycontinue to manufacture quality products for the PV industry,” commentedCsaba Törõ, CEO of the Company.
About Solar Thin Films, Inc.
Solar Thin Films operates through its majority owned subsidiary KraftElectronics zRT. Kraft is an equipment manufacturing company headquarteredin Budapest, Hungary engaged in the design, development and manufacturingof equipment utilized in the production of thin film based photovoltaicmodules. Solar Thin Films’ common stock is traded on the Other OTC CapitalMarket under the symbol “SLTF.PK.”
“SAFE HARBOR STATEMENT” UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACTOF 1995
The above news release contains forward-looking statements. Thesestatements are based on assumptions that management believes are reasonablebased on currently available information, and include statements regardingthe intent, belief or current expectations of the Company and itsmanagement. Prospective investors are cautioned that any suchforward-looking statements are not guarantees of future performances, andare subject to a wide range of business risks, external factors anduncertainties. Actual results may differ materially from those indicated bysuch forward-looking statements. The Company assumes no obligation toupdate the information contained in this press release, whether as a resultof new information, future events, or otherwise.
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