Phoenix Solar Thermal signs framework agreement with Absolicon to set up Production line in Canada
Phoenix Solar Thermal Inc., a CEM Company, has signed a framework agreement with Absolicon for development of the solar thermal industry in North America and the installation of a production line for the T160 Solar collector in Canada. CEM and its affiliates (the “CEM Group”) is a family-owned thermal power project delivery group of companies that is focused on engineering consulting, project development, and construction of custom engineered energy systems throughout North America. The total sales value covered by the agreement is estimated at € 4-5 million plus a monthly license fee of