SOURCE: TGI Solar

TGI Solar

August 26, 2009 15:00 ET

TGI Solar Receives $1 Million Credit Line

RED BANK, NJ--(Marketwire - August 26, 2009) - TGI Solar Group (PINKSHEETS: TSPG), a provider of solar energy products and solutions, announced today that it has received an equity investment and a $1 million revolving line of credit from VNG Invest Sprl, parent company of Prime Solar srl, its new strategic partner, with offices in Brussels, Belgium. The funds will be used for working capital and energy related projects.

"Since our market is forecast for tremendous growth, it is critical that we have capital to keep pace," said Henry Val, TGI's CEO. "We are confident that Prime Solar's understanding of the alternative energy sector and VNG's wealth of resources will prove beneficial for the long term."

Prime Solar srl (www.primesolar.com) is a licensed and insured Italian Solar Energy Contractor and Solar General Building Contractor, specializing in the creation and installation of custom-designed residential and commercial solar electric power, solar heating, and wind energy systems. Its turn-key approach includes handling the job from solar system design through installation and final inspection.

About TGI SOLAR POWER GROUP INC.

TGI Solar (TSPG) is provider of manufacturing equipment and turnkey manufacturing solutions to the photovoltaic (PV) industry. The Company's products and solutions are used for production of solar grade polysilicon, manufacturing of multicrystalline silicon wafers, production of solar cells and assembly of complete modules. The firm provides facility and process design and integration know-how with its equipment. The Company offers its products and services to PV product manufacturers on a worldwide basis, and a substantial percentage of its sales are to customers outside the United States.

Contact Information

  • Contact:
    TGI SOLAR POWER GROUP INC.
    Email Contact
    1-888-766-6527

    David Zazoff
    212-505-5976