Glaston and Beneq announce first TCO line sale
Glaston Corporation Press Release Free for publication 22 March 2011 at 13.00 (EET)
Glaston and Beneq announce first TCO line sale
The first Beneq-Glaston TFC2000™ line for manufacturing TCO coatings on glass for photovoltaics (PV) has been sold to Asia. The total order is approximately EUR 14 million of which Glaston’s share is over EUR 4 million. The line delivery is scheduled for Q1 of 2012.
“The sale of the first TFC2000 line in such a relatively short period of time is very encouraging and confirms that the joint Beneq-Glaston offering has been well positioned to serve the needs of the growing Thin Film PV industry with a solution that is unique and competitive.” Glaston CEO Mr. Arto Metsänen comments.
In September 2010, Glaston and Beneq announced their strategic cooperation for solar glass coating equipment. Results of the collaboration between the companies brought about the new TFC2000™ continuous offline production concept, which enables a commercially affordable way to manufacture high-quality TCO coated glass for the solar industry. The Beneq coating system, featuring unique and proprietary nAERO® technology, is fully integrated into Glaston’s CHF Pro™ heat treatment line. The TFC2000™ combines world-leading glass and annealing technology with advanced thin film coating for rapidly growing solar applications.
Beneq CEO, Mr. Sampo Ahonen comments: “This is a definitive demonstration of the growing need for high-quality TCO-glass and coating equipment to manufacture it. It is also good proof of the seamless cooperation between Beneq and Glaston, which with this transaction has taken a giant leap forward.”
For more information:
Mr. Arto Metsänen, CEO and President, Glaston Corporation
Phone: +358 10 500 500
Mr. Sampo Ahonen, CEO, Beneq Oy
Phone: +358 40 520 1090
About Glaston
Glaston is an international glass technology company and a pioneer of glass processing technology and service business for glass processing machines. Glaston’s well-known brands are Bavelloni in pre-processing machines and tools, Tamglass and Uniglass in safety glass machines and Albat+Wirsam in software solutions. Through its quality products and services, Glaston aims to be its customers’ most valued partner. As a globally operating company, Glaston serves its customers worldwide in over 20 locations. Glaston’s head office is located in Tampere, Finland. Glaston’s share (GLA1V) is listed on the NASDAQ OMX Helsinki Small Cap List.
About Beneq
Beneq Oy, based in Finland, is a supplier of equipment and coating technology for global markets. Beneq turns innovations into success by developing applications and equipment for cleantech and renewable energy fields, especially in glass, solar and emerging thin film markets. Coating applications include optics, barriers and passivation layers, as well as energy generation and conservation. Beneq also offers complete coating services. The coating applications of Beneq are based on two enabling nanotechnology platforms: Atomic Layer Deposition (ALD) and aerosol coating (nHALO® and nAERO®).