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TSPG TGI Solar Power Group Inc (PK)

0.00215
0.00015 (7.50%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TGI Solar Power Group Inc (PK) USOTC:TSPG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00015 7.50% 0.00215 0.002 0.0023 0.0023 0.00212 0.0023 108,500 19:32:29

TGI Solar to Divest Non Strategic Subsidiaries

23/10/2008 5:31pm

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TGI Solar Power (PK) (USOTC:TSPG)
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From Jul 2019 to Jul 2024

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TGI Solar (PINKSHEETS: TSPG), a full turnkey supplier of vertically integrated systems for a variety of applications from Solar Parks (solar to grid) to commercial markets, announced today that it will divest its non strategic business to focus solely on growing its renewable energy business. Recently retained investment bank PHD Capital to assist with divestiture and strategic planning.

"Today's announcement will lead to the completion of the strategic transformation we began in August 2008 when we decided to exit all non strategic business," said William Lieberman, TGI Solar president. "This decision reflects the successful rollout of our solar business over the last several months, and the excellent long-term opportunities available to accelerate our growth as a solution provider and vertical integrator for renewable energy business. In addition, as we continue to position the company closer to the end customer, we will enhance our ability to provide differentiated value and greater rewards to customers and shareholders."

About TGI SOLAR POWER GROUP INC.

TGI Solar (TSPG) is a provider of manufacturing equipment and turnkey manufacturing solutions to the photovoltaic (PV) industry. The Company's products and solutions are used for production of solar grade polysilicon, manufacturing of multicrystalline silicon wafers, production of solar cells and assembly of complete modules. The firm provides facility and process design and integration know-how with its equipment. The Company offers its products and services to PV product manufacturers on a worldwide basis, and a substantial percentage of its sales are to customers outside the United States.

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the company's periodic filings with the Securities and Exchange Commission.

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Contact: TGI SOLAR POWER GROUP INC. Billy Lieberman 1-888-766-6527 David Zazoff 212-505-5976 http://tgisolargroup.com

1 Year TGI Solar Power (PK) Chart

1 Year TGI Solar Power (PK) Chart

1 Month TGI Solar Power (PK) Chart

1 Month TGI Solar Power (PK) Chart

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