Tegal Announces Sequel Power’s Sponsorship Role in Solar Arabia Summit; Industry Leaders Convene Next Month to Consider $10...
27 Settembre 2011 - 1:01PM
Business Wire
Tegal Corporation (NASDAQ:TGAL) today announced that Sequel
Power, its portfolio company dedicated to the development and
operation of large scale photovoltaic (PV)-based solar utility
projects, has been invited to be a major sponsor and panelist of
the October 23-24 Solar Arabia Summit at King Saud University in
Riyadh, Saudi Arabia.
The event combines some of the world’s leading authorities on
solar energy and key policy-makers, Government officials, investors
and business conglomerates involved in shaping Saudi Arabia's solar
energy future. The Kingdom of Saudi Arabia is investing $100
billion in solar energy to achieve its goal of 5 gigawatts of
solar-generated power by 2020.
Sequel Power representatives will be among the primary speakers
and workshop panelists at the summit, which is one of the global
solar industry’s most important and exclusive gatherings of project
developers, technology manufacturers and investors. Up to 150
invited Chairpersons, Presidents, owners, c-level directors and
investment executives from the largest financial institutions in
the industry are attending, according to conference organizers.
Saudi solar initiatives are prominent among more than a dozen
projects Sequel Power has with major partners in six countries.
“Saudi Arabia’s $100-billion initiative is tailor-made for the
utility-scale expertise of Sequel Power,” said Thomas Mika, Tegal’s
President and Chief Executive Officer. “Sequel Power was invited to
have a prominent position at the Summit because it focuses on
PV-based utility-scale solar projects of 750+ megawatts (0.75 GW).
Utility-scale projects on that scale are of a size that matches the
ambition of Saudi Arabia.”
“The Summit enables the Saudi government, Sequel Power and
industry officials to collaboratively define a renewable energy
implementation plan within the Kingdom’s $100-billion initiative,”
said Sequel Power President and Chief Executive Officer Ferdinand
Seemann. “The plan is designed to focus in part on large-scale,
green-field projects. We have been meeting with energy leaders in
Saudi Arabia since 2008, and input from these discussions have
contributed significantly to the cost-effectiveness and high
reliability of Sequel Power’s large-scale utility PV
solutions.”
About the Solar Arabia Summit
The Solar Arabia Summit is bringing together the key
policy-makers, Government officials, investors and business
conglomerates involved in shaping Saudi Arabia's solar energy
future. This will mean an opportunity to capitalize on
the Kingdom's investment of US$100 billion in the solar energy
sector and an objective to achieve 5 gigawatts of solar generated
power by the year 2020. More information may be found at
www.solararabiasummit.com.
About Tegal
Since its founding in 1972, Tegal Corporation has been dedicated
to the development and application of emerging technologies. Often
on the forefront of major inventions, Tegal’s process and capital
equipment know-how enabled the development and manufacturing of
leading-edge devices – from early microprocessors to advanced
memory and LEDs, as well as to newest filtering and sensing devices
that are present in the most advanced smart phones. Through its
recent investment in sequel Power, Tegal is engaged in the
promotion of solar power plant development projects worldwide and
other renewable energy projects. In addition, Tegal is actively
evaluating opportunities for partnerships with other diversified
technology-based companies in order to exploit our shared
experience and to enhance our value as a public company. Tegal is
headquartered in Petaluma, California. Please visit us on the web
at www.tegal.com.
About Sequel Power
In 2011, Tegal formed, along with Se2quel Partners LLC, a new
company dedicated to the development and operation of large scale
photovoltaic (PV)-based solar utilities in the United States, Latin
America, the Middle East and Africa. Currently, Sequel Power has
more than a dozen active projects in six countries with major
partners in various stages of analyzing and developing solar
utilities. More information may be obtained at
www.sequelpower.com.
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