| Solar EnerTech Corp. |
1600 Adams Drive
Menlo Park, CA 94025 USA
OTC Bulletin Board - Trading Symbol: SOEN
CUSIP #: 834156 10 1
Fiscal Year End: September
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| Shares |
81,237,051 shares issued and outstanding as of 12/31/07 |
| Legal Counsel |
DLA Piper US LLP |
| Auditors |
Ernst & Young Hua Ming
Assurance and Advisory Business Services
23/F, The Center
989 Chang Le Road
Shanghai, China 20003
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| Transfer Agent |
Continental Stock Transfer & Trust CO.
17 Battery Place 8th Floor
New York, New York 1000
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| Investor Relations |
Bill Zima
ICR, Inc.
Tel: 203-682-8200
investors@solarenertech.com |
Solar EnerTech has brought together a strong management and technical team to meet the company's vision: to capitalize on the great global demand for solar energy, to take full advantage of its new Shanghai production facility and state-of-the-art R&D center, and to become one of China's top solar cell producers.
With strong ties to the United States through its California sales and distribution arm, the company has also formed a strategic relationship with InfoTech Energy Efficiency, a US-based power system supply firm that manufactures components in America and successfully exports the products to China. Solar EnerTech President Leo Shi Young sponsored the recent Energy Round Table in Beijing with Governor Arnold Schwarzenegger, and established consensus with the state for future involvement with California's solar programs.
Joint R & D Lab (Operated by Solar EnerTech and Shanghai University)
Opened in December of 2006, the Joint Lab consists of three integrated research facilities located at the university's College of Science and Physics, as well as another at the College of Material Sciences, and lastly, at Solar EnerTech's production plant at Jinqiao Technology Park in Shanghai.
Areas of study include,
- PV (photovoltaic) theory, thermo-physics, physics of materials and chemistry.
- Research on efficient and ultra-efficient PV cells with high light-electricity conversion rates up to 20%-35%.
- Environmentally friendly and high conversion-rate manufacturing technology of chemical compound film PV cell materials.
- High-reliability, low-cost manufacturing technologies and equipment for thin film PV cells.
- Key material development of new low-cost flexible film PV cells and non-vacuum technology.
- Key technology and fundamental theory for third-generation PV cells.
The Joint Labs initiative comes as a direct outgrowth of California Governor Arnold Schwarzenegger's trade mission to Shanghai in November 2006. That mission focused on energy cooperation and provided the impetus that introduced Solar Enertech, a Silicon Valley-based company, towards founding its solar cell manufacturing plant in Shanghai. Management further determined to undertake a strategic R&D leadership role, aiming to increase its position in the development of future technologies and to develop a platform that could foster the participation of California-based Universities at some point in the future.
Management believes that the Joint Lab will act as a major attractant of qualified scientists and skilled technicians leading to the building of a human resource base of specialists for the solar industry. Professors design their curriculum using advanced PV technology and equipment including China's first 3DAP&TEM JEM-200CX analyzer, capable of 3D examination of nano particle components in order to determine how a given material's atomic arrangement can affect a solar cell's conversion rate. Access to such sophisticated equipment on Solar EnerTech's experimental and production facilities translates into valuable post-graduate experience for future industry professionals. The joint initiative has already engaged, through an application and qualification process, eight Professors and more than twenty post-graduate students along with a large number of graduate students
Unveiling the Joint R&D Lab at Shanghai University |
Opening ceremony, Shanghai University Joint R&D Lab |
First board meeting, Shanghai University Joint R&D Lab |
Signing ceremony, Shanghai University-Joint R&D Lab |
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Management Team
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LEO SHI YOUNG, President, CEO & Director
Mr. Young is an entrepreneur with a successful record of establishing technology firms in the United States and China. Prior to founding Solar EnerTech, he was the founder and CEO of InfoTech Essentials Inc., a leading energy-saving technology company in China. Successful businesses founded by Mr. Young include TaoStar International, Inc., Silicon Valley Computer Graphics, New Chinese Americans magazine, VictorMaxx Technologies, Inc., and Innovative Publishing Graphics, Inc. A strong advocate of clean energy in the US as well as in China, Mr. Young was a senior member of the California trade delegation to China in 2005, headed by Governor Arnold Schwarzenegger, and currently serves as an organizing committee member of China's National Renewable Energy Forum. Mr. Young holds an MBA from Fordham University, New York (2005); an MA from the School of the Art Institute of Chicago (1985); and a BA from Tsinghua University of Beijing (1982). |
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SHI JIAN YIN, VP, COO & Director
Prior to joining Solar EnerTech, Mr. Yin was the founder and General Manager of Shanghai TopSolar, a major participant in China's solar market. Mr. Yin's business track record includes management positions at Shanghai Jiaotong University Gofly Group Co., Ltd., Shanghai Fenghuang Co., Ltd., Beijing Green Environment Technology Co., Ltd., plus a number of senior positions at Shanghai Fenghuang Co., Ltd. Mr. Yin has been awarded two Science and Technology Awards by the Chinese government for his research accomplishments. Mr. Yin earned his MBA (1992) and BA (1988) from Shanghai University of Communications, majoring in Engineering and Material science. |
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ZHONG QUAN MA, CTO
A specialist in semiconductor thin film materials physics and solid state physics, Professor Ma's research accomplishments in materials science and technology range from the fabrication, characterization and modification of bulk and thin film materials to the modeling of growth processes, as well as achieving significant insights into the phenomenology of solid surface. Research has focused on ion beam surface modifications of metal, semiconductor, ceramics, and insulator materials, and energetic ion fabrication of thin films on hetero-substrates, including photovoltaic materials. Prior to joining Solar EnerTech, Professor Ma held a number of research and academic positions, including Professor of microelectronics and condensed matter physics at Shanghai University, and positions at the University of Illinois at Urbana Champaign (UIUC), Xinjiang University, Japan Atomic Energy Research Institute (JAERI), and Xinjiang Institute of Physics at the Chinese Academy of Science. A recipient of many high-profile awards for thin film research, Professor Ma earned a Ph.D. in materials physics from Tsinghua University (2001), a Master's degree (1988) in condensed matter physics from Institute of Physics of Academia Sinica, and a Bachelor's degree in physics from Xinjiang University (1982). |
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ANTHEA CHUNG, CFO
Since August 2004, Ms. Chung served as Vice President and Corporate Controller of AMEX-listed RAE Systems, Inc. of San Jose, California, a leading global developer and manufacturer of rapidly deployable, multi-sensor chemical and radiation detection monitors and networks. Prior to this, Ms. Chung worked as Corporate Controller of TLZ Inc., a global distributor of laser measurement tools located in Mountain View, California. Ms. Chung began her career at PricewaterhouseCoopers as an auditor, where she worked for five years within the United States, and for three years within the organization's practice in China. Ms. Chung holds a Bachelor of Science degree in accounting from Indiana University at Bloomington and is a certified public accountant registered in the state of California. |
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YUHONG ZHANG, Director of Solar Energy Productions
Before joining Solar EnerTech, Ms. Zhang served as Associate CTO at Shanghai TopSolar in charge of production and operations. Prior to that, Ms. Zhang was a key player of the Solar Energy Branch for China's space programs. Ms. Zhang earned a MS degree from Shanghai University of Communications (2004) and a BS from Harbin University of Engineering (2000). |
FANG XIE, Director
Mr. Xie has worked for NewMargin Ventures as junior partner for the past two years, where he focused on alternative energy and environmental protection sector investments. Shanghai-based NewMargin is one of the most active venture capital firms in the country, managing committed capital in excess of $100 million. Mr. Xie’s background includes a solid understanding and commitment to renewable energy along with strong relationships and ties specific to the solar energy industry. Prior to NewMargin, Mr. Xie was an executive Vice President of Uni-quantum Financial Advisory, and served as a senior associate of the corporate finance department of Bank of China International. Mr. Xie has numerous years of experience in providing investment banking and M&A services to domestic companies. Mr. Xie obtained his Masters degree in Management Science and a Bachelors degree in Electrical Engineering at Shanghai Jiaotong University.
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Corporate Governance
Charters
- Audit Committee
- Compensation Committee
- Nominating and Corporate Governance Committee
Code of Business Conduct and Ethics
- Attendance at Annual Meeting Policy
- Audit and Non-Audit Pre-Approval Policy
- Policy Regarding Director Nominations and Policy Regarding Communications by Stockholders with Directors
- Whistle Blower Policy
- Corporate Governance Guidelines
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