SAN JOSE and BURBANK, Calif., May 23, 2012 /PRNewswire/ -- Two global companies, eSolar and Sanmina-SCI (Nasdaq: SANM), today announced that they have partnered to leverage their respective expertise in solar thermal energy solutions, local content-optimized component design, and manufacturing to offer industry-leading cost and value for utility-scale power plants.
eSolar, the leading provider of modular, scalable concentrating solar power (CSP) plant technology, and Sanmina-SCI, a leading integrated manufacturing services company that produces some of the world's most complex products, will work to optimize eSolar's solar collector system product offering – a system already deployed in operating CSP facilities.
"Sanmina-SCI's global reach perfectly match eSolar's demonstrated advantage in simple, reliable hardware and industry-leading system software. As we continue to pursue large-scale solar projects worldwide, we need a partner who will optimize our products for manufacturability, scalability and cost-efficiency," said Gary Breton, Senior Vice President of Operations for eSolar. "Their expertise will enable manufacturing cost reductions allowing eSolar to become even more cost-competitive."
eSolar's modular and scalable CSP plant design utilizes sun tracking equipment that is easy to install, plus can be produced in high-quality factories and quickly assembled with simple tools and local customer workforces. These heliostats track the sun with high precision and reflect the sun's heat to a tower-mounted receiver, which boils water to create steam. This steam powers a traditional turbine and generator to produce clean electricity. Sanmina-SCI will bring their manufacturing and supply chain design input to the table via a joint engineering effort with eSolar designers."eSolar is making an important contribution in the global quest to produce renewable energy cost-competitively, and we are privileged to be selected to support this design effort," said Tom Clawson, Executive Vice President, Industrial Markets for Sanmina-SCI. "We're pleased our skills will be used to design some of the key building blocks for eSolar's utility-grade solar projects and play a role in increasing power generation from clean sources of energy." About Sanmina-SCI Sanmina-SCI Corporation is a leading electronics contract manufacturer serving the fastest-growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina-SCI provides end-to-end manufacturing solutions, delivering superior quality and support to OEMs primarily in the communications, defense and aerospace, industrial and semiconductor systems, medical, multimedia, enterprise computing and storage, automotive and clean technology sectors. Sanmina-SCI has facilities strategically located in key regions throughout the world. More information regarding the company is available at http://www.sanmina-sci.com. About eSolar eSolar was founded in 2007 to develop modular and scalable solar thermal power plant technology. The eSolar solution marries a low-impact, pre-fabricated form factor with advanced computer software engineering to meet the demand for reliable and cost competitive solar energy. eSolar is based in Burbank, Calif. For more information, please visit http://www.esolar.com. Sanmina-SCI Safe Harbor Statement The foregoing, including the discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales principal customers, the ability of Sanmina-SCI to effectively assimilate acquired businesses and achieve the anticipated benefits of its acquisitions, and competition and technological change. The Company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of these and other factors, including factors set forth in our Company's Annual and quarterly reports filed with the Securities Exchange Commission. SOURCE Sanmina-SCI
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV