Solar Thin Films, Inc. Announces Contract to Construct First Eco-House
ISLAND PARK, N.Y.--(BUSINESS WIRE)-- Solar Thin Films, Inc. (USOTC: SLTZ) (the "Company"), an environmentally conscious company working to bring new products to market with a strong focus on Fiber Reinforced Plastics technology (FRP), as well as waste to energy and solar energy, announced today its first contract to construct an Eco-House.
The Eco-House is the Company's answer to the devastation of Hurricane Sandy and other similar natural disasters. The first Eco-House will be constructed in Highland Park, New York on the site of a single family home that was completely destroyed during Hurricane Sandy. This unique dwelling has the following characteristics:
Pre-fabricated construction built to exceed HUD and ICC standards, and is GREEN approved
Built 7.5 feet above the ground, capable of withstanding flood waters 5 feet above ground level
Can withstand 150 mph winds, including the insulated windows
Radiant heat in all the floors
Powered with full solar PV (Photo Voltaic) system installed on the roof
New technology "instant" hot water system
LED lighting throughout the house
An R factor insulation rating of 27
James Solano, the Company's President & Chief Executive Officer commented, "The Eco-House is an exciting development that will change how we think about housing on and near the seashore. It is a timely answer to a changing environment, and we are pleased to be on the leading edge of this technology to build affordable, self-sustaining housing that fills this desperate need. We believe that the construction of this first Eco-House, which will be completed in September, will lead to a significant number of additional contracts in the New York area in the near future. We will provide updates as we sign additional contracts."
About Solar-Thin Films, Inc.
Through its subsidiary Quality Resource Technologies, Inc., the Company is focused on developing its business in three areas: (1) developing and manufacturing shipping containers using patented Fiber Reinforced Plastics (FRP) technology, (2) building housing using patented FRP technology and (3) developing waste to energy and solar energy projects which will be marketed and sold in initially the United States and the Caribbean.
This press release, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Except as otherwise required by the federal securities laws, the Company disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein.
Notwithstanding the language set forth in the preceding paragraph, the safe harbor for forward- looking statements under the Private Securities Litigation Reform Act of 1995 is not available for statements made by an issuer of a penny stock.
Investors should review the Company's filings with the OTC Markets including, but not limited to, sections with respect to intellectual property.
Solar-Thin Films, Inc.
James Solano, 516-341-7787
President & CEO
KEYWORDS: United States North America New York
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