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Chinese, Australian Firms to Co-Produce Solar Cells

China’s Jinglong Group and Australia’s Solar Energy Development Company have signed an agreement to jointly produce solar cells. The Hebei Jinglong Group mainly manufactures large-diameter mono-crystalline silicon rods and wafers, semiconductor elements and mono-crystalline silicon for integrated circuits. The group is said to be the world’s largest solar energy mono-crystalline silicon production base and China’s largest silicon wafer processing center. The first-phase of the project is to build a 25 megawatt production line for solar cells at an investment of 60 million yuan (US$7.4 million) to be split between the parties. The line will be put into production before the end of this year. A total investment of 750 million yuan over the course of the project will bring production up to 175 megawatts annually.

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Cree Lighting Announces Breakthrough in LED Brightness Levels

Cree, Inc. (Nasdaq: CREE), a leader in high brightness LED solid-state lighting components, announced breakthrough performance results achieved in development of Cree Lighting’s standard white XLamp(TM) 7090 Power LED. XLamp 7090 LEDs in development have demonstrated maximum luminous flux of 86 lumens and 70 lumens per watt at 350 mA. This represents a 43 percent increase in brightness compared with the maximum luminous flux of white XLamp 7090 power LEDs currently in production. “These performance results indicate that the LED industry is at least two years closer to achieving the holy grail of 150 lumens per watt,” notes Steve Johnson, head of the Lighting Research Group at Lawrence Berkeley National Laboratory. “Cree’s announcement today means the LED industry is advancing brightness at a far greater pace than anticipated, which is great news for the lighting world.” “Cree is focused on rapidly advancing LED performance to accelerate the adoption of the LED as a cost-effective replacement for traditional lighting in all general illumination applications,” noted Norbert Hiller, Cree Lighting vice president and general manager. “Today’s announcement is significant because we achieved these results with our standard XLamp package, which indicates that power LEDs are rapidly moving up the performance curve similar […]

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American Security Resources to Acquire Rights to Patented Fuel Cells

American Security Resources Corporation (OTCBB:ARSC), has signed a Letter of Intent to acquire an interest in EGO Design Inc., a privately-held company that holds patents for silicon-based, hydrogen fuel cells. With the acquisition, ARSC will gain the exclusive right to license and market the technology. According to Joe Grace, President of ARSC, “This proprietary technology will be the first commercially mass producible hydrogen fuel cell. We are eager to begin developing the markets for the many commercial and military applications for this break-through technology.” EGO Design is a privately held company founded by the developers of unique hydrogen fuel cells. The principals of EGO believe the 5KW to 40KW fixed power market they have targeted could generate sales of $1 billion to the company within 8 years. American Security Resources Corp. is a holding company actively seeking to acquire profitable, well-managed companies that provide products or services for homeland security or national defense. The company is currently in discussions to acquire several companies. Website: http://www.americansecurityresources.com     

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