Sunsi Energies (PINK:SSIE)

SunSi's goal is to acquire and develop a portfolio of high quality trichlorosilane (TCS) producing facilities that are strategically located, and possess a potential for future growth and expansion. In 2009 SunSi entered into an agreement whereby SunSi would own 90% of a Joint Venture Company, Zibo SunSi Chemical Co. Ltd. (ZBC) which was formed to include the assets, expertise and technology of the ZBC TCS production facility located in China, and cash raised by SunSi for the purpose of increasing the production capacity of the ZBC plant. The company has completed its financial and operational due diligence on the ZBC facility and is awaiting completion of certain deal requirements and documentation from ZBC neither of which is considered to be material. Through its wholly-owned subsidiary SunSi Energies Hong Kong Ltd., SunSi has executed a definitive Distribution Agreement that entitles SunSi to distribute outside of China the TCS produced at the ZBC facility. This will enable SunSi to start earning revenues during the process of closing the Joint Venture transaction.

TCS is the main feedstock of the solar energy industry, used in the production of silicon, which in turn is used in the production of solar photovoltaic (PV) energy producing panels.

Web site: http://www.sunsienergies.com

Last updated March 15, 2010