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License enables injection of capital (US$32.5 million) into the JV by Suqian
October 28, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ascent Solar Technologies, Inc. announced the attainment of a key milestone for its China joint venture (JV). In December 2013, Ascent and the Suqian Municipality of Jiangsu Province agreed to create a JV to build a manufacturing facility in China, in which Suqian would provide a cash injection of $32.5 million, as well as five years free usage of the newly built manufacturing facility along with a five-year tax holiday and significant trade incentives. Ascent would provide proprietary technolog...
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