Energy Saving Equipment Sales Continue to Benefit from Rapid Growth Momentum

SmartHeat Inc., a market leader in China’s “green” technology, environmentally friendly energy savings industry, today announced record financial results for the quarter ended September 30, 2008. SmartHeat generated revenue of $20.7 million in the quarter compared to $3.01 million in the same period in 2007, an increase of approximately 587%. This increase was primarily due to increased customer recognition and acceptance of SmartHeat... Read more..

Quantum and Asola Announce Solar Expansion into Korea – Signs JV Agreement With Q&Tech/Yongsan to Build a 30 MW Solar Production Facility

Quantum Fuel Systems Technologies Worldwide, Inc. announced that its German solar photovoltaic partner, Asola has signed a Memorandum of Understanding to establish a joint venture manufacturing plant in South Korea, to enable production and distribution of high quality, German-designed solar modules in South Korea. The Korean partner Q&Tech / Yongsan Inc., is a high volume manufacturer of electronic and automotive components and a leading supplier... Read more..