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Intends to file a petition for protection under U.S. Bankruptcy Code
June 28, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
Abound Solar, a manufacturer of thin-film cadmium telluride (CdTe) photovoltaic modules, announced that the company intends to file a petition for protection under U.S. Bankruptcy Code in Delaware next week. A suspension of operations will impact approximately 125 employees. Earlier this year, Abound ceased production of its first generation PV module and has been working to scale up manufacturing for its high-efficiency, second generation PV module, which was tested and verified by the Nati...
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