This decision follows a thorough review of the Company's go-forward growth strategy.

"The implementation of this change in strategic direction is already underway at Entech, and we have moved aggressively to reduce headcount and costs related to our current manufacturing operations," said Frank Smith, CEO.

"The Board made this strategic decision based on the promise of our next generation solar products, which will offer a significantly higher value proposition to customers and address a larger market, including rooftop applications, versus our current systems. The Company is restructuring itself around this new strategy and is dedicating all resources to ensuring its success."

"I believe, along with the rest of the Board, that this is the best direction for Entech," said David Gelbaum, Chairman of the Board.

"Entech's next generation solar concentrating products have the potential to be truly disruptive in the solar space - with improved efficiencies, reduced cost, smaller size, and additional applications. I am confident that the future of the Company lies with this development and am committed to seeing it reach commercialization."

Related Links
Entech Solar
All About Solar Energy at SolarDaily.com

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS Solar Energy Solutions Tempur-Pedic Mattress Comparison ... Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Tempe AZ (SPX) May 01, 2009
First Solar has announced that it will supply photovoltaic (PV) modules to Solar Shop Australia, Pty Ltd. (Solar Shop), for a 1 megawatt (MW) DC rooftop project.