Solar EnerTech Appoints Chief Financial Officer
07 April 2009 - 10:30PM
PR Newswire (US)
MENLO PARK, Calif., April 7 /PRNewswire-Asia-FirstCall/ -- Solar
EnerTech Corp. (OTC:SOEN) (BULLETIN BOARD: SOEN) (the "Company")
today announced that it has appointed Steve M. Ye as Chief
Financial Officer, effective April 2, 2009 to replace its former
CFO, Ms. Anthea Chung. Mr. Ye joins Solar EnerTech from Wells
Fargo, where he had served as Financial Controller since September
2006. Previously, he was a Global Financial Planning & Analysis
Manager at GE, and prior to that, a Financial Analyst at ABN AMRO
Bank. Mr. Ye holds an MBA from the William E. Simon Graduate School
of Business Administration, University of Rochester, and a BA in
Accounting from Shanghai International Studies University. He is
also a member of AICPA and a chartered financial analyst (CFA). "We
are very pleased to welcome Steve and his solid pedigree to our
senior management team," commented Mr. Leo Young, Chief Executive
Officer of Solar EnerTech. "His extensive experience in financial
analysis, controls, and planning gained at two of the largest US
companies can undoubtedly help with the growth and development of
our business, as we continue to focus on steady revenue and margin
improvement. Steve is also an accomplished accountant skilled in
budgeting and forecasting. We expect him to contribute to our
strategy and efforts to penetrate the U.S. market which we believe
can serve as a compelling growth opportunity for our business
moving forward. I will be working directly with Steve and look
forward to his contributions in expanding our presence in the PV
solar market." About Solar EnerTech Corp. Solar EnerTech is a
photovoltaic ("PV") solar energy cell manufacturing enterprise
incorporated in the United States with its corporate office in
Menlo Park, California. The Company has established a sophisticated
63,000 square foot manufacturing plant located in China, in
Shanghai's Jinqiao Modern Technology Park. Currently, the Company
is capable of producing 50MW of solar cells from its existing
production line. Solar EnerTech has also established a Joint
R&D Lab at Shanghai University to develop higher efficiency
cells and to put the results of that research to use in its
manufacturing processes. Led by one of the industry's top
scientists, the Company expects its R&D program to help bring
Solar EnerTech to the forefront of advanced solar technology
research and production. Safe Harbor Statement Statements contained
in this press release, which are not historical facts, are
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based largely on current expectations and are
subject to a number of known and unknown risks, uncertainties and
other factors beyond our control that could cause actual events and
results to differ materially from these statements. These
statements are not guarantees of future performance, and readers
are cautioned not to place undue reliance on these forward-looking
statements, which are relevant as of the date of the given press
release and should not be relied upon as of any subsequent date.
Solar EnerTech undertakes no obligation to update publicly any
forward-looking statements. DATASOURCE: Solar EnerTech Corp.
CONTACT: Bill Zima, ICR Inc. at +1-203-682-8200 (Investor
Relations)
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