Odersun's partnership with AT&M was established in 2004, when AT&M became an early investor in Odersun and a strategic partner for several joint research projects. With the recent renewable energy support programs to promote significant growth in China's PV industry, the two sides have decided to set up joint ventures to join forces in this fast-growing market.
Dr. Zhao Pei, President of AT&M, said: "We are very pleased to take this opportunity to bring highly innovative and flexible solar products based on Odersun technology into the growing Chinese market. Our joint venture is the result of long-term cooperation and trust between the two parties."
AT&M's materials science expertise and technology combined with Odersun's innovative solar technology and market experience have laid a mutually beneficial foundation for this collaboration. Dr. Hein van der Zeeuw, CEO of Odersun AG, said: "By working with such a competent partner, we will have a unique opportunity to enter the Chinese market and further accelerate Odersun's innovation. We will continue to implement in Germany. Our expansion plans, AT&M's technical expertise and long-term experience in materials technology and manufacturing will benefit our future technology development."
The joint venture's manufacturing plant is expected to start construction in 2010.
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