CHENGDU, China, Dec. 2, 2010 /PRNewswire-Asia/ -- Apollo Solar Energy, Inc. (OTC Bulletin Board: ASOE) ("Apollo" or "the Company"), a vertically integrated miner, 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, as well as design and construction of solar PV projects and solar power stations in the People's Republic of China, today announced that Ms. Reta Jo Lewis, Special Representative, U.S. Global Intergovernmental Affairs, visited the Company's manufacturing facilities in Chengdu, China on November 30. Ms. Lewis works to build and enhance relationships between state and local officials in the U.S. and their foreign counterparts around the world, and reports directly to the U.S. Secretary of State.
Ms. Lewis, accompanied by U.S. embassy officers, Chengdu general consulate officers and local Chinese government officials, visited Apollo's manufacturing facilities in Chengdu, and met with Dr. Jingong Pan, Apollo's recently appointed CEO, and the other members of the Company's management team. Ms. Lewis observed the Company's capabilities to extract Te from its own mines and its state-of-the-art refining and manufacturing facility, and discussed with the Company its ambitious plans to become a leading material supplier for the thin film PV panels industry in the future.
"We believe that a visit from the U.S. State Department reinforces our standing as a major player in the new international solar energy industry," Dr. Jingong Pan, newly appointed CEO of Apollo Solar, stated. "We also believe that the collaboration of the U.S. and Chinese governments on solar energy developments will increase worldwide demand for our products."
About Apollo Solar Energy, Inc.
Apollo Solar Energy, Inc., through its wholly owned subsidiary, Sichuan Apollo Solar Science and Technology Co., Ltd, is primarily engaged in mining, refining and producing high purity tellurium (Te), tellurium-based compounds and other metals for thin film solar PV industry and for specific segments of the electronic materials market worldwide, as well as design and construction of solar PV projects and solar power stations in the People's Republic of China. The Company's products include CdTe thin-film compounds, CIGS thin-film compounds, ultra- high purity metals and commercial-purity metals.
Safe Harbor Statement
The statements contained in this press release that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, the statements regarding the Company's expectation that it will become a leading material supplier for the thin film PV panels industry in the future, and that collaborations between the U.S. and Chinese governments on solar energy developments will increase demand for the Company's products, are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including but not limited to, general economic conditions and regulatory developments, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed or implied by such statements. The forward-looking statements are made only as of the date of this press release, and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstance.
