ICP Solar, Shanghai Electric Ink Two-Year Agreement


ICP Solar Technologies Inc., a developer, manufacturer and marketer of solar cells and products, has signed a two-year supply agreement with Shanghai Electric Solar Energy Co. Shanghai Electric is engaged in the design, manufacture and sale of mechanical and electrical equipment.

‘This two-year agreement enhances our position as a developer of innovative solar solutions,’ says Sass Peress, ICP Solar's CEO and chairman. ‘This deal ensures that we will receive timely supply of solar modules at favorable prices and payment conditions in a market of tight supply. Coupled with the company's existing supply agreements, the company has now secured a majority of solar cell requirements for its 2008 planned production.’

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