This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CTDC Signs A 20MW PV Module Sales Contract To Capture New Market Share In Europe

HONG KONG, Feb. 28, 2011 (GLOBE NEWSWIRE) -- China Technology Development Group Corporation ("CTDC", the "Company" or "we") (Nasdaq:CTDC), a growing clean energy group based in China to provide solar energy products and solutions under the brand "LSP", announced that the company's wholly-owned subsidiary has signed a Sales Contract for the Year 2011 (the "Contract") of 20MW solar modules with well-known Italian photovoltaic ("PV") system integrator ConSae S.r.l. ('ConSae').

Pursuant to the Contract, Linsun Renewable Energy Corporation Limited ("LSR"), a wholly-owned subsidiary of CTDC, will supply ConSae with 20MW of LSP crystalline solar modules. Including 15MW of LSP standard crystalline solar modules, and 5MW of CTDC self-developed transparent crystalline solar modules, and to be completed supplying all quantity by the end of 2011. This is another successful milestone of LSP, the solar module brand of CTDC, capturing European market shares, after LSP has been selected to supply to MW-level on grid power plant in Italy at the end of 2010.

"This 20MW sales contract has speeded up our pace in strongly exploring European market, reaching our supplying frontier of LSP high quality solar modules to the blooming Italian market," said Mr. Sean Liaw (Liao Lin-Hsiang), Chief Operating Officer of the Company, "and it should greatly expand our brand influence in Europe." And Mr. Liaw added, "CTDC is looking forward to the European PV market, we are dedicating to establish a board sales network in Europe. Our sales center and warehouse in Italy will be officially operating by March, 2011. This shall provide real time and efficient service to our customers in Europe and greatly expand CTDC's strength in the European region."

About China Technology Development Group Corporation (Nasdaq:CTDC)

Established in 1995, CTDC has been listed on the US NASDAQ Stock Market since 1996. CTDC is a growing clean energy group in China, which provides solar energy products and solutions under the brand "LSP". CTDC's major shareholder is China Merchants Group, a state-owned conglomerate in China ( ). 

For more information, please visit .

About ConSae S.r.l ("ConSae")

ConSae is a leading system integrator in Italy, involved in several PV system installation in Italy, Turkey and other countries.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs