January 2019 – SMIT Thermal Solutions received first down payment per the signed supply agreement for 500 MW CdTe production lines
Eindhoven, The Netherlands, Monday, January 14, 2019 – SMIT Thermal Solutions announces that an agreement was signed in December 2018 for the supply of 15 tools to be used for manufacturing of Thin Film Solar panels. The total value exceeds 40 Million Euro. The equipment is to be supplied until the end of 2020 and includes the vacuum deposition tools.
The agreement follows on the successful ramp up of a first production line with the same customer during 2018. “This milestone underscores the strong relationship we have with our customers, who aim to be among the key players in the global CdTe market,” says Wiro Zijlmans, CEO, SMIT Thermal Solutions. “Thermal deposition processes are key to achieve competitiveness in this growing market. In order to stay competitive ourselves we will be manufacturing some tools in our own Chinese assembly facility in Wuxi.”