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Pyron Solar's joint venture company, ATS Pyron, located in GyeongGi-Do, Korea has signed a MOU to supply 5MW of Pyron Solar Systems in a joint venture that will see the company's first international solar system operational by the end of 2009.
The Systems will be implemented at various locations in the Jeollanam-do, Province. The first 60kW installation will be housed at the Province's offices. ATS Pyron will operate a manufacturing facility located in the Daebul Free Trade Zone; initially the factory is expected to have a manufacturing capacity of 20MW per year.
"Pyron Solar is experiencing tremendous growth; our joint venture with ATS International is a key element in our Asia Pacific strategy. We look forward to supplying solar systems that helps Korea with its immediate and long term solar initiatives", said Pyron Solar CEO, Stan Ellis.
Pyron Solar Signs Joint Venture Agreement with Korea's ATS International
Steven Hwang, CEO of ATS International said "The past several years I have been studying the CPV market and I believe that the Pyron Solar System is the most efficient system on the market and the most ready to begin utility scale installations. We believe that ATS-Pyron is positioned to capitalize on the tremendous financial investment currently taking place inside Korea at the government and corporate level".
ATS-Pyron will provide solar systems to service the large Korean market, which is currently expected to exceed 392MW by 2011.
