Japan Corporate News - JCN

Anwell Received Deposit for Solar Module Order of at Least 180MW

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Source: Japan Corporate News - JCN

Singapore, Sept 20, 2010 - (ACN Newswire) - Anwell Technologies Limited ('Anwell' or 'Group'), a global supplier of advanced manufacturing equipment and process technologies for the optical media, OLED and solar industries is pleased to announce that its subsidiary, Henan Sungen Solar Fab Co.,Ltd., ('Henan Sungen') has received a deposit from a leading solar panel distributor/developer ('Developer') for its order of solar module. The deposit was made by the Developer according to an agreement signed between Anwell and the Developer.

-- To deliver a minimum of 180MW solar module within the next 3 years
to a leading solar module distributor/developer

-- Projected revenue of more than USD300M in 3 years on fulfillment
of the contract

-- Ability to leverage on customer's strong sales and service network
to better market its products

With the agreement in place, Anwell has further strengthened its expansion plan for its thin film solar plant in Henan, China. Under the agreement, the Developer has committed to purchase not less than 180MW of solar modules from Anwell within the next 3 years. The first shipment is scheduled to deliver in October of this year.

'We are delighted to receive this major sales order from our business partner. The partnership developed through the agreement will enable Anwell to broaden its reach to other regions as well as further increase the business momentum of our solar division in the overseas market,' Said Franky Fan, Executive Chairman & CEO of Anwell.

'We offer a unique competitive advantage in the solar market with our cutting edge thin film solar module manufacturing solutions that aim to lower costs while maintaining high performance. We believe that the world-class quality and competitive cost of our products, coupled with the strong sales and service network provided by our partner, will allow Anwell to lead its solar division towards a brighter success.'

About Anwell

Anwell Technologies Ltd. ('Anwell') is a global leader in providing turnkey production solutions for optical media replication business. The Group's activities include manufacturing and sales of optical media production lines and media products. With the various proprietary technologies developed since the Group was founded in year 2000, Anwell has continued to study the opportunities to tap into other industries, including OLED, solar industries and etc. The Group officially announced its entry into the solar business in 2008. The Group officially announced its entry into the solar business in 2008. The Group began mass production with its own proprietary equipments at its 40MW thin film solar production plant in Henan, PRC in March 2010. This capacity will be further expanded to over 120MW by end 2010. For more information, please refer to www.anwell.com.

Source: Anwell

Contact:
Ken Wu, CFO
Anwell Technologies Limited
Tel: +852 2499 9178
Fax: +852 2499 9170
E-mail: kenwu@anwell.com

Kamal Samuel / Adrian Seah
Financial PR Pte Ltd
Tel: +65 6438 2990
Fax: +65 6438 0064
E-mail: kamal@financialpr.com.sg
adrian@financialpr.com.sg




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