Houston, Texas (PRWEB) January 31, 2006
American Photovoltaics, LP is a solar energy company that will manufacture and market thin-film photovoltaic (PV) modules for the growing international PV marketplace. The company was formed December, 2005 in Houston, Texas.
The Partnership is planning to build a world-class thin-film solar module manufacturing facility in the greater Houston, Texas area. In order to accomplish this, the Partnership has engaged Energy Photovoltaics, Inc. (EPV) in Princeton, New Jersey by virtue of a Memorandum of Understanding to supply all machinery, proprietary production hardware and software, and expertise necessary to construct and operate such a photovoltaic module production facility. The Partnership will also enter into a management contract with EPV to provide plant construction oversight, assist in the training of personnel and to establish production operations without unnecessary start-up delays.
This strategic relationship and the creation of this new company will support worldwide conversions to renewable energy that are rapidly taking place as a result of energy pricing volatility but are being delayed by the shortage of PV modules.
This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on assumptions which American Photovoltaics, LP and APV Management, LLC, as of the date of this release, believe to be reasonable and appropriate. However, the actual facts and conditions that may exist in the future could vary materially from the assumed facts and conditions upon which such forward-looking statements are based.
Contact: Wayne LeBlanc
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