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Perfectenergy International Ltd.
Perfectenergy International Signs 50 MW Solar Sales Contract With Abidas AG
SHANGHAI, China, Jan. 15, 2009 (GLOBE NEWSWIRE) -- Perfectenergy International Limited (OTCBB:PFGY), a global manufacturer and marketer of customized and standard photovoltaic ("PV") solar cells, modules and systems, today announced that its subsidiary, Perfectenergy (Shanghai) Co. Ltd., has entered into a sales contract valued at more than $150 million with Abidas AG of Germany, pursuant to which Abidas will purchase 50 MW of mono solar modules from Perfectenergy scheduled for delivery over the next four quarters of 2009. Perfectenergy's total PV module order-backlog since October 2008 exceeds $170 million for calendar year of 2009.