Evolution Solar Acquires Hong Kong Procurement Company

Following its announcement of plans to develop thin-film solar modules, Evolution Solar Corp. recently signed a letter of intent to acquire a Hong Kong-based R&D and procurement company.

‘The process of purchasing the Hong Kong-based R&D company is tracking well,’ says Robert Kaapke, CEO of Evolution Solar. ‘We believe better engineering and technological innovations are the keys to delivering increasingly cost-effective solar panels.’

Evolution Solar says it is planning to establish a footprint with manufacturing capabilities in the Asian markets that can assist in the reduction in the manufacturing and procurement of materials in the heavy technology manufacturing providence of Shanghai, China.

SOURCE: Evolution Solar

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