Solar Thin Films partners for 'next gen' equipment

Solar Thin Films, based in Hungary, (PINKSHEETS: SLTF) ("STF") is working with Renewable Energy Solutions, Inc. ("RESI") to develop manufacturing equipment for CIGS-based thin film PV modules.

STF has signed a three-year R&D agreement with RESI to develop "a new generation of manufacturing equipment".

STF/Kraft presently manufactures and markets amorphous silicon-based manufacturing equipment. "With this R&D contract with RESI, STF plans to introduce module manufacturing equipment to produce the next generation that will be more efficient and lower cost thin film CIGS-based PV modules on a glass substrate," said Csaba Toro, CEO of STF.

STF says it aims to have the CIGS manufacturing equipment for sale during the 2007 fiscal year in an effort to become a world leader in turnkey facilities for CIGS-based thin film PV modules.

RESI is an R&D company that's been involved in the development of thin film photovoltaic technology, hydrogen storage using nanomaterials, fluorescent enhancement panels, and betavoltaics. RESI's most recent focus is to commercialize a manufacturing process for CIGS-based PV modules.

Solar Thin Films/Kraft is an equipment manufacturing company headquartered in Budapest, Hungary. It designs, develops and manufactures equipment utilized in the production of thin film based photovoltaic modules.