Solar EnerTech Corp. is involved in the manufacturing of photovoltaic (PV) solar cells and developing designs for PV modules, which are used to convert sunlight into electricity. The Company primarily targets the European and the U.S. markets.

Investment Highlights

Product

Solar EnerTech Corp. manufactures quality solar cells and state-of-the-art solar applications, and establish a research program aimed at developing increased efficiency solar cells. Based in Shanghai, China, Solar EnerTech has established a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park—a newly dedicated high tech business park in the largest economic and transportation center of China.

Solar EnerTech will invest in photovoltaic cell research to develop higher efficiency cells—and put the results of that research to use right away in the company's manufacturing processes. Led by one of the industry's top scientists, the company's R&D program will work towards bringing Solar EnerTech to the forefront of advanced solar technology research and production.
 

Solar Basics

Solar cells convert sunlight into electricity and are made of semiconducting materials, such as silicon. When sunlight is absorbed by these materials, the solar energy knocks electrons loose from their atoms, allowing the electrons to flow through the material to produce electricity. This process of converting light—photons—to electricity—voltage—is called the photovoltaic effect.

Solar EnerTech's solar cells will meet a high market demand from businesses specializing in PV applications such as solar panels, modules and arrays. These products and systems will be used to help power homes and businesses in Europe, North America and beyond.

Advantages of Solar Energy

• Matching peak time output with peak time demand. Solar energy can supplement electricity supply from an electricity transmission grid, becoming especially effective during electricity demand peaks in the summer.

• Reliability. Accelerated aging tests have shown that PV systems can operate for 30 years or more without the need for major maintenance, other than the occasional cleaning of the PV module surface.

• Modularity and scalability. The size and the generating capacity of a PV system are a function of the number of PV modules installed—applications are readily scalable and versatile.

• Dual usage. PV modules are increasingly used to serve as both a power generator and as the exterior of a building. Like architectural glass, PV modules can be installed on the roofs and facades of residential and commercial buildings.
 

Markets

The Company is developing its manufacturing facility in Shanghai--the largest economic and transportation centre of China. The 42,000 square foot manufacturing facility is located in the Jinqiao Modern Science and Technology Park, a newly dedicated high tech business park.

By establishing this state-of-the-art manufacturing facility in Shanghai, Solar EnerTech will benefit from China's favorable policies and cost-effective labor force to produce quality solar cells and systems for global applications.

The primary solar market is currently in Europe, where significant government incentive programs are helping fuel high demand for solar products. Solar EnerTech's secondary market is the United States, where California has launched an ambitious One Million Solar Roof incentive program for residences and businesses.

With an American marketing and sales arm already in place, Solar EnerTech is well-positioned to meet market demand from its Chinese manufacturing base.

Solar EnerTech has also established a marketing, purchasing and distribution arm in the Silicon Valley region of Northern California. Demand for solar electric energy has consistently grown by 20-25% per year over the past 20 years. This growth has occurred against a backdrop of rapidly declining costs and prices due to increased efficiency of solar cells and improvements in manufacturing technology.

The photovoltaic solar industry now generates over US$3-4 billion globally, including the sale and installation of solar energy systems. In a time of skyrocketing fuel costs and increased pollution from fossil fuels, solar energy is receiving renewed government, business and homeowner support as a viable alternative energy source.

Recent News and Press Releases

Solar EnerTech Corp. Achieves Favored Tax Status in China (July 17, 2006)

Solar EnerTech Corp. Updates Manufacturing Facility Progress (July 05, 2006)

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).
 

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.

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).
 

APRIL ZHONG, Senior Vice President

Ms. Zhong is one of the co-founders of InfoTech Essentials, Inc. and has served as the company's marketing VP since 2001. Ms. Zhong will be heading Solar EnerTech's office of Supply, Sales and Logistics Division in the US. Ms. Zhong's earned an MBA (1998) from the School of Business Administration, Boston University, Massachusetts, majoring in Strategic Marketing Management and Entrepreneurship; and earned an MS (1994) from Northeastern University, Boston, Massachusetts, majoring in Molecular Biotechnology.

Contacts

Solar EnerTech Corp.
1600 Adams Drive
Menlo Park, CA 94025
USA
info@iceminers.com

Investor Relations
Boundary Point Investor Relations, Inc.
1-866-378-7372
info@iceminers.com

FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Solar EnerTech Corp. current expectations about its future results, performance, prospects and opportunities. Solar EnerTech Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Solar EnerTech Corp.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

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