China Technology Development Group Limited Announces New Business Development Strategy - the sun into the solar industry. China Science and Technology will introduce "SnO2 (tin oxide) conductive glass substrate," production line, production and sales of SnO2 conductive glass substrate.China Technology Development Group Co., Ltd. (Nasdaq: CTDC; hereinafter referred to as "Chinese Science and Technology" or the "Company") announced the new business development strategy - the sun into the solar industry. As the Chinese government introduced a series of national policy to actively support the development of renewable energy, coupled with continued increases in domestic energy demand, China's solar technology confident that the new business will create greater shareholder value and generate higher investment return.Science and Technology of China introduced "SnO2 conducting glass substrate," production line, using a global leader in optical thin film industry - the U.S. Terra S olar Global Inc. R & D technology, its products SnO2 (Tin oxide) conductive glass substrate is amorphous silicon thin film solar cells must be the main supplies of raw materials. Compared with other solar cells, amorphous silicon thin film batteries better suited for building-integrated photovoltaic (BIPV), the light energy into electricity for the building power. China Science and Technology is the first and only master "SnO2 conductive glass substrate," production technology of Chinese companies, the optical thin film technology is now one of the mainstream technology industry.The new business has received the approval of the board and get the company the largest shareholder - China Merchants Group's strong support. China Merchants Group is a national large enterprise groups in Hong Kong, Hong Kong "four Chinese-funded enterprises" one. China Science and Technology will be held in October 2007 annual shareholders meeting in 2007 to obtain shareholder approval.China Science and Technology Chairman and Chief Executive Officer Li Yuan, said: "As the China Merchants Group in the North American capital markets, the only representatives of listed companies, we are committed to improving shareholder returns on investment and achieve maximum shareholder value."He added: "We want to tap into a huge potential for development of new industries, the Chinese science and technology were the main shareholders of the company's strong support. We believe that in the near future, we can establish in the field of renewable energy leadership."
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