SOURCE: Solar Thin Films, Inc.

January 16, 2007 16:03 ET

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 made in three separate installments with the delivery dates expected to be within 90, 120 and 180 days.

"This new order received from EPV is a great start for the year. I am very proud that customers like EPV return to us for additional orders. Since the acquisition of the majority of ownership interest in June 2006, we believe that the Hungarian-based Kraft has proven to our customers that they continue to manufacture quality products for the PV industry," commented Csaba Törõ, CEO of the Company.

About Solar Thin Films, Inc.

Solar Thin Films operates through its majority owned subsidiary Kraft Electronics zRT. Kraft is an equipment manufacturing company headquartered in Budapest, Hungary engaged in the design, development and manufacturing of equipment utilized in the production of thin film based photovoltaic modules. Solar Thin Films' common stock is traded on the Other OTC Capital Market under the symbol "SLTF.PK."


The above news release contains forward-looking statements. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of business risks, external factors and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.

Contact Information

  • Contact:
    Solar Thin Films, Inc.
    Kriszta Hollo
    +36 1 248 2871
    Email Contact