Evolution Solar announces $36 million wafer supply agreement – February 26, 2010
Evolution Solar Corp. announced that Michael Franklin, Director of Asian Operations, has executed an exclusive contract to supply one million Chinese manufactured wafers per month to Okaya & Co. Ltd and Shinetsu Film of Japan.
The contract provides a commission payment per wafer and is initially termed for a year, with provisions for possible extensions.
“Last year, we were working with a six dollar a wafer market, which everyone knew was falling steadily. Now that the market has stabilized at three dollars per wafer, doors are opening for aggressive companies to make lucrative trading agreements worldwide. Our strategic company placement in the Far East is beginning to pay off for us. We are already in negotiations to finalize additional contracts in other countries now that purchasers have recognized the wafer market stabilization,” stated Franklin.