Worldwide Energy and Manufacturing USA, a U.S.-based solar module technology and manufacturer of products for customers in industries such as solar energy, aerospace, wireless telecommunications, medical equipment and automotive, has announced two new solar panel contracts. Totalling 23MW and valued at approximately US$46 million, the solar contracts will be shipped in 2010.
Worldwide Energy and Manufacturing believes that the structural technology, perceived cost efficiencies of its solar panels and quick turnaround and delivery ability aided in securing the contracts. Currently, the company has filed 14 patents on its solar panel technology.
Chief executive officer of Worldwide Energy and Manufacturing, Jimmy Wang referred to his elation: “I am extremely pleased with these new contracts. We continue to prove again and again that Worldwide solar panel technology is better than its competitors and that we can continue to win new contracts. I want to note that while many solar panel manufacturers are losing money, we continue to grow our revenue and profits. Today, the president of our solar division was very confident in projecting that we will ship at least 50% more megawatts in 2010 than in 2009. I look forward to very strong growth in 2010.”
Worldwide Energy and Manufacturing USA, a 16 year-old firm, has headquarters in San Francisco, California, where it specialises in photovoltaic (PV) panel, electronics, mechanical, and fiber optic products manufacturing. The company has subsidiaries based in Shanghai, China.