Universal Solar Technology Inc. (UNSS.OB), a developer of solar grade ingot, wafers and high efficiency solar photovoltaic modules, announced the signing of a sales contract for $32,600,000 with CEZ Group, part of the largest electricity producer in the Czech Republic. The contract calls for the delivery of 20MW of monocrystaline solar modules to be delivered by the end of 2010.

Wensheng Chen, Chairman and CEO stated, "This large contract confirms that Universal Solar's products are of international standards and reinforces our business expectations. We have focused our marketing efforts on sales in China, India and the EU. With its expertise, new factory and production equipment, we expect UNSS will grow quickly becoming a highly efficient supplier to a very rapidly growing market for solar PV products."

 

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