Worldwide Energy and Manufacturing: Solar Division Contracts
Worldwide Energy and Manufacturing USA, Inc., a U.S.-based solar module technology and China manufacturing company specializing in products for customers in the solar energy, aerospace, wireless telecommunications, medical equipment and automotive industries, announced that contract orders for its solar division, AmeriSolar, have reached an estimated $58 million, as of January 11, 2010. These solar module contracts include mostly new orders received during the fourth quarter of 2009 and some orders that were received earlier in 2009 which have been re-signed as new orders with their shipments pushed out to 2010. Shipments of all these orders are expected to be completed in 2010.
Worldwide Energy's Chief Executive Officer Jimmy Wang stated: "I am extremely pleased with the backlog of orders for our solar division at this early stage in the new year. We remain confident in projecting that we will ship at least 50% more megawatts in 2010 than in 2009. I continue to look forward to very strong growth in 2010. We continue to aggressively grow our solar module market share by focusing on providing a technologically superior, more durable and efficient, solar panel product to our customers at a competitive price."
According to Lux Research, the global solar energy market is expected to double in the next five years from $36 billion in 2008 to $70 billion in 2013. For the first nine months of 2009, Worldwide Energy's solar module revenue was $29.4 million, a 36% increase over the nine-month period in 2008. The company shipped approximately 10 MW of solar backlog during the fourth quarter 2009.
Worldwide currently sells its advanced solar modules under the AmeriSolar brand name in more than ten countries including the United Kingdom, Germany, Italy, Switzerland, Portugal, France, Spain, Australia, South Korea, and the United States.
About Worldwide Energy and Manufacturing USA, Inc.
Worldwide Energy and Manufacturing USA, Inc. (http://www.wwmusa.com), headquartered in South San Francisco, California, is a 16-year-old engineering-oriented firm specializing in photovoltaic (PV) panel, mechanical, electronics and fiber optic products manufacturing. The company's worldwide customer base includes the industries of solar energy, wireless telecommunications, aerospace, automobiles and medical equipment. Subsidiaries include Shanghai Intech Electro Mechanical Products Co. Ltd., Shanghai Intech Electronics Manufacturing Co. Ltd. and Shanghai Intech Precision Mechanical Products Manufacturing Co. Ltd., located in Shanghai, China.
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Worldwide Energy and Manufacturing USA, Inc.
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