ASOE SEC Suspension for severely delinquent Financials:
Revival after 10 years https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=FYY2B0vFEzxC%252bEWeaUhgcg%253d%253d&CorpName=APOLLO+SOLAR+ENERGY%2c+INC.
New officer Liu Cheng, might be him https://www.kwm.com/en/cn/people/liu-cheng
mcturtle , anybody ... can anyone give any info on this solar one ... is it currently in operation ?
hi reaper. Just curious on this one..can you give me any info on this company. I like solar plays and may buy some here very soon. Maybe 2012 will be a good year for solar.
ASOE>OB)Apollo Solar Energy, Inc. - Recent News/Updates
**1/20/11 Dr. Pan (CEO) Attends U.S./China Clean Energy Forum (Wash D.C.)Also participating are the U.S. Secretary of Energy, U.S. Ambassador to China, director of the White House Office of Science and Technology. Dr. Pan believes (ASOE)as one of two Chinese enterprises in the solar PV industry,in the Chinese Delegation to attend this forum not only reinforces Apollo's standing as a major player in the solar PV industry,but will increase worldwide demand for their products as well.
**12/02/10 Special Representative/U.S. Global Intergovernmental Affairs visits, and is accompanied by U.S. Embassy Officials Apollo's state-of-the-art refining and manufacturing facility. Ms. Reta Jo Lewis reports directly to the U.S. Secretary of State.
**Nov 2010 (ASOE) enters into a 5 yr 110M USD agreement with First Solar
(ASOE.OB) Apollo Solar Energy, Inc. - Owner of the only known Primary Producing Tellurium Mine in the World
Leading producer/supplier worldwide of Tellurium-Key Supplier Worldwide of CdTe (Cd)Cadmium(Te)/Tellurium (Ultra High Purity 99.999% 5 Nines)the key raw material used in the manufacturing of Thin Film (PV) Panels
(ASOE)is the final destination point for much of the crude in China
**Only a handful of companies worldwide (Key Supplier's) Canadian 5N Plus,India's Vital Chemicals, German based PPM Materials, Japan's Nikko Metals, and (ASOE) Apollo Solar Energy,Inc.
**Subsidiary (COE Apollo)was selected and is supported by CNBM and the Chinese Govt. to manufacture CdTe Solar Panels
**Two of their Principal Customers are First Solar (5 yr./110M USD)Nov 2010, and Honeywell
Apollo Solar Energy, Inc. Reports First Quarter 2009 Financial Results
May 15, 2009 4:00:00 PM
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View Additional ProfilesCHENGDU, China, May 15 /PRNewswire-Asia-FirstCall/ -- The Board of Directors of Apollo Solar Energy, Inc., (OTC Bulletin Board: ASOE; "Apollo Solar Energy" or "the Company"), a leading vertically integrated miner and refiner of tellurium (Te) and high-purity tellurium based metals for specific segments of the global electronic materials market, today announced financial results for the first quarter ended March 31, 2009.
Revenue for the first quarter of 2009 increased 21% to $2.3 million from $1.9 million in the first quarter of 2008.
Gross profit for the first quarter of 2009 decreased 37% to $0.5 million compared to $0.8 million for the same period in the prior year. The decrease in gross profit was primarily attributable to the increase in cost of raw materials, labor cost, and the change in product mix.
Operating expenses in the first quarter of 2009 increased to $1.1 million compared to $0.2 million in the same period of the prior year. This increase was a result of higher administrative expenses required to support a growing revenue base, as well as professional fees incurred as a publicly listed company, options granted and an increase in depreciation expense.
Operating loss for the first quarter of 2009 was $0.55 million compared to profit of $0.62 million in the prior year.
Net loss for the first quarter of 2009 was $655,332, or $0.1 per diluted share, compared to net income of $475,369 or $0.1 per diluted share in the prior year.
"We are satisfied with the results for the first quarter of 2009. The latter part of 2008 and into 2009 has been a transition period for Apollo Solar Energy, and we, like other firms have weathered a difficult US market. During this period however, we have built upon our solid asset base of producing tellurium mines and our new refining facility in Chengdu, with the addition of seasoned executives, board members and advisors. Our results further support our premise that owning the tellurium feedstock in CdTe production is essential for the long term viability of any refiner, particularly in the thin film solar industry. In addition, our recently completed technical review by Behre Dolbear & Company of the Dashuigou and Majiagou mines provides a solid base of support to continue with the exploration and mining of these properties," commented Mr. Hou Renyi, CEO and Chairman of Apollo Solar Energy, Inc. "We continue to pursue innovative technologies and processes to be a leading vertically integrated miner and refiner of tellurium (Te) and high-purity tellurium based metals for the global electronic materials market."
About Apollo Solar Energy, Inc.
Apollo Solar Energy, Inc., through its wholly owned subsidiary, Sichuan Apollo Solar S&T Co., Ltd., is primarily engaged in the mining and refining of tellurium (Te) and high-purity tellurium based metals for specific segments of the global electronic materials market. The Company's products include CdTe thin-film compounds, CIGS thin-film compounds, Ultra-high purity metals, and commercial-purity metals.
Safe Harbor Statement
The statements contained herein that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates," "expect" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, our statements regarding the potential growth of the markets or forecasting financial results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including but not limited to, general economic conditions and regulatory developments, not within our control. The factors discussed herein and expressed from time to time in our filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed or implied by such statements. The forward-looking statements are made only as of the date of this filing, and we undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE Apollo Solar Energy, Inc.
+1-555-761-0596 for Apollo Solar Energy
Apollo Solar Announces Results of Independent Technical Review of Dashuigou and Majiagou Tellurium Projects
May 12, 2009 8:00:00 AM
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View Additional ProfilesCHENGDU, China, May 12 /PRNewswire-Asia-FirstCall/ -- Apollo Solar Energy, Inc., (OTC Bulletin Board: ASOE; "Apollo Solar Energy" or "the Company"), a leading vertically integrated miner, refiner and producer of tellurium (Te) and high-purity tellurium based metals for specific segments of the global electronic materials market, today announced that Behre Dolbear Asia, Inc. ("BDASIA"), a wholly-owned subsidiary of Behre Dolbear & Company, Inc. ("Behre Dolbear") of Denver, CO, issued their final report on May 3, 2009 titled "Independent Technical Review of the Dashuigou and Majiagou Tellurium Projects in Sichuan Province, the People's Republic of China." The Board of Directors of the Company engaged Behre Dolbear & Company, Inc. to undertake an independent technical review of the Dashuigou and Majiagou Projects and to produce a technical report for the resource estimates of the two properties.
The technical review covers the Dashuigou and Majiagou tellurium projects and the surrounding exploration area, which are controlled by Apollo Solar Energy through its subsidiaries and affiliates in China. BDASIA professionals visited the Dashuigou and Majiagou tellurium project site, reviewed the project mineral rights, geology and mineralization, assay database, and resource estimation. Mineral resources of the properties have been reviewed in accordance with the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (the "JORC Code") prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia in 1999 and revised in 2004.
Based on BDASIA's review, the mineral resource estimates as of December 31, 2008 using the JORC Code for Apollo's Dashuigou and Majiagou Projects are summarized in the table below. The resource estimates have generally been confirmed by small scale mine production from 2002 to 2008 and sampling by an independent mining consultant from the United States, considering the mining dilution and mining losses.
Mineral Resource Estimates for the Dashuigou and Majiagou Projects -
December 31, 2008
Project JORC Tonnage Grade (%) Metal (t)
Resource Class (t) Te Bi Te Bi
Dashuigou Indicated 9,400 1.40 1.79 131 168
Inferred 20,800 0.51 0.77 105 160
Subtotal 30,200 0.78 1.09 236 328
Majiagou Indicated 8,600 1.92 3.07 165 263
Inferred 4,800 2.22 3.60 107 174
Subtotal 13,400 2.03 3.26 272 437
Total Indicated 18,000 1.65 2.40 296 431
Inferred 25,600 0.83 1.31 212 334
Total 43,600 1.17 1.76 508 765
Note: All tonnage in the table is in (metric) tonnes. The resource
estimates in the table are in-situ quantities, and significant
mining dilution and mining losses may occur during mining of the
estimated resources as these resources occur mostly in small narrow
In the report, BDASIA indicated that the Dashuigou and Majiagou tellurium projects are the only reported mineral deposits in which tellurium is found as the primary economic element in the world. BDASIA further indicated that there are more mineralized veins within the Dashuigou and Majiagou mining license areas and in the Dashuigou exploration license area that have not been sufficiently explored to date, therefore, indicating a significant upside potential for the estimated resources.
"The undertaking of an independent technical report by Behre Dolbear & Company, Inc. is a very important step in the future growth of Apollo Solar Energy," said Mr. Renyi Hou, Chief Executive Officer of Apollo Solar Energy, "Behre Dolbear is one of the oldest, continually operating minerals industry consulting firms in the world, with previous experience on several mining projects in China. We were pleased they were able to take on this important project for Apollo Solar Energy."
About Apollo Solar Energy, Inc.
Apollo Solar Energy, Inc., through its subsidiaries and affiliates in China, is primarily engaged in mining, refining and producing tellurium (Te) and high-purity tellurium based metals for specific segments of the global electronic materials market. The Company's products include CdTe thin-film compounds, CIGS thin-film compounds, Ultra- high purity metals, and commercial-purity metals.
About Behre Dolbear & Company, Inc.
Behre Dolbear is one of the oldest, continually operating, mineral industry consulting firms in the world. Since 1911, we have specialized in studies for commercial and multilateral financial institutions, mining companies, governments and governmental agencies, legal firms, and other parties with interests in the minerals industry. Behre Dolbear's global experience covers the full spectrum of technical, operational and financial issues in a broad range of commodities including base and precious metals, coal, industrial minerals, diamonds and gemstones, ferrous metals, and construction materials.
Safe Harbor Statement
The statements contained herein that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates," "expect" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In particular, our statements regarding the potential growth of the markets or forecasting financial results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including but not limited to, general economic conditions and regulatory developments, not within the Company's control. Risks and other factors discussed herein and expressed from time to time in Company filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed or implied by such statements. The forward-looking statements are made only as of the date of this filing, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE Apollo Solar Energy, Inc.
for Apollo Solar Energy
os: 44,555,131 as of 11-12-2008
shs decreased by 1 for 8 split
Pay Date: Feb 12, 2008
Effective at close of business on February 1, 2008, the Company, which had been a Colorado corporation, reincorporated in the State of Nevada by merging into its subsidiary, a Nevada corporation. As a result of this change in domicile, the Company is now governed by Nevada law, and the articles of incorporation and bylaws of the Nevada corporation became the Company’s governing instruments. The change in domicile had no effect on the Company’s financial condition or its business.
In connection with the reincorporation merger, one new share of the Nevada corporation was exchanged for every eight shares of the Colorado corporation that had been outstanding, with any resulting fractional shares of the Nevada corporation being rounded up to one whole share. The effect of this exchange was a 1-for-8 reverse split of the Company?痵 common stock. In addition, the authorized common stock was increased from 75,000,000 shares to 100,000,000 shares.
At September 30, 2008, the Company was authorized to issue 25,000,000 shares of $0.001 par value preferred stock and 100,000,000 shares of $0.001 par value common stock. As of September 30, 2008 there were no preferred shares issued and outstanding and there were 555,131 common shares issued and outstanding.
The holders of the Company's stock are entitled to receive dividends at such time and in such amounts as may be determined by the Company's Board of Directors. All shares of the Company's common stock have equal voting rights, each share being entitled to one vote per share for the election of directors and for all other purposes. All shares of the Company's preferred stock have a preference over the common stock in the event of liquidation or similar action. The Board of Directors of the Company is authorized to create a series of preferred shares designating the rights of the holders of the series. The preferred shares have no voting rights.
Results of Operations
We currently have no assets and no operations. During the three months that ended on September 30, 2008, we realized no revenue and incurred $14,606 in operating expenses. Our operating expenses consist of fees to lawyers and accountants necessary to maintain our standing as a fully-reporting public company and other administration expenses attendant to the trading of our common stock.
Our operating expenses in the three months ended September 30, 2007 were lower than in the three months ended September 30, 2008 because majority ownership and management of our Company changed during the 2007 period. This resulted in expenses for reporting and for implementation of new management systems. We do not expect the level of our operating expenses to change in the future until we commence business operations or acquire an operating business.
On August 18, 2008, we entered into a Merger Agreement dated August 8, 2008, as amended and restated on October 14, 2008, with Apollo Solar Energy, Inc., a Delaware corporation (“ASE”) and Apollo Solar Energy, Inc., a Nevada corporation and a wholly owned subsidiary of the Company (“Merger Sub”).
Pursuant to this Merger Agreement, on October 14, 2008, Merger Sub was merged with and into ASE. Each share of ASE common stock outstanding immediately prior to the closing of the Merger was converted into the right to receive Four Thousand (4,000) shares of our common stock. After the consummation of the Merger, and prior to any issuance of shares pursuant to the Entrusted Management Agreement, the former stockholders of ASE owned approximately 96.87% of our outstanding common stock. As a result of the completion of the Merger, ASE became a wholly owned subsidiary of the Company.
On October 20, 2008, we entered into an Entrusted Management Agreement with the Apollo Managers. Pursuant to the terms of the Entrusted Management Agreement, we will issue the Apollo Managers an aggregate of our 26.8 million newly issued shares of common stock with the result that the Apollo Managers will own approximately 60.15% of the our common stock, after giving effect to such issuance. A copy of the Entrusted Management Agreement can be found on our Current Report on Form 8-K, filed with the SEC on October 20, 2008.
Liquidity and Capital Resources
At September 30, 2008 we had a working capital deficit of ($33,582), due to the fact that we had no assets and owed $33,582. Our liabilities are owed primarily to our President, who has financed our ongoing operations. Our remaining liabilities, our accounts payable, are owed primarily to our professional advisors.
Our operations consumed no cash during the three months ended September 30, 2008, as our management paid our ongoing expenses, increasing our amounts due to related parties. In the future, as long as we remain a shell corporation, it is likely that we will continue to rely on loans and capital contributions to sustain our operations.
To date we have supplied our cash needs by making private placements of securities and obtaining loans from management and shareholders. We expect that our President will fund our operations until we have completed an acquisition of an operating company and that we will, therefore, have sufficient cash to maintain our existence as a shell company for the next twelve months, if necessary.
The acquisition of Apollo Solar Energy, Inc. mentioned above has resulted in a complete change to our capital structure. This change will be reflected in annual report for the year ended June 30, 2009. A Current Report on Form 8-K has been filed dated October 16, 2008 containing a discussion of the liquidity and capital resources of Apollo and its subsidiaries.
12-05-08 - Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Board of Directors
Effective on December 5, 2008, the members of the Board appointed Dr. Kang Sun and Dr. Zhimin Cao to serve on the Board of Directors. Information about Dr. Sun and Dr. Cao is as follows:
Dr. Sun served as an independent director of JA Solar Holdings Co., Ltd. (NasdaqGM: JASO) from January 2007 through September 2007 as a member of the audit committee, compensation committee, and the nominating and corporate governance committee. From September 2007 to July 2008, Dr. Sun served as the president and chief operating officer of JA Solar Holdings Co., Ltd.., and remained on the board of directors, but was not designated as an independent director.
Dr. Sun has over 20 years of experience in enterprise management and venture capital investment . Dr. Sun served as a managing director of new business development and chief strategy officer of new business and new product group at Applied Materials Inc., the world's largest manufacturer of semiconductor capital equipment since 2005. Dr. Sun has served as a director and partner at Index Capital Group, an investment company in the U.S., since 2002. From 2002 to 2005, Dr. Sun served as vice president of business development of Microfabrica Inc., a U.S. manufacturer of micro devices. Prior to 2002, Dr. Sun served in several senior management positions in several U.S. and European corporations. Dr. Sun received his Ph. D. in material science from Brown University, master's degree in chemistry from the University of Georgia and bachelor's degree in chemistry from Nanjing University, China. Dr. Sun is 53 years old.
Dr. Cao Zhimin has been a professor at the College of Marine Geosciences, Ocean University of China since October 2000. Dr. Cao’s research is focused on Economic geology, Geochemistry, Marine Geology, Submarine Resources Exploring Sensor Technology. Prior to receiving his tenure at Ocean University of China, Dr. Cao held posistions with various universities and research institutions in Geology-science and rare metal exploring. From May 2000 to July 2000, Dr. Cao served as a visiting scientist at Corolado State University. Dr. Cao earned his Ph. D. , Master’s and Bachelor’s degree from Chengdu University of Technology, China University of Geosciences and Wuhan University of Geosciences (predecessor of China University of Geosciences), respectively. Dr. Cao has been rewarded National and Provincial Prizes for Progress Science and Techonology for many times during the period from 1995 to 2004. Dr. Cao is also a member of the American Advanced Association of Sciences, New York Academy of Sciences, and the National Geographic Society. Dr. Cao is 51 years old.
02-02-09 - Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
On February 2, 2009 Mr. Fong Heung Sang (Dexter), was appointed Chief Financial Officer of the Company for a fixed term of two years. Mr. Fong will also serve as a member of the Company’s board of directors.
Pursuant to his employment, Mr. Fong will be entitled to receive an annual base salary of $70,000, increasing to $90,000 in June 2009 and further increasing to $110,000 in January 2010 and has been granted options to acquire 750,000 shares of the Company’s common stock which will vest in equal installments over the twenty-four month period of his employment.
Mr. Fong, age 49, served as Executive Vice President of Corporate Development of FUQI International, Inc. (Nasdaq GM:FUQI), a leading designer of high quality precious metal jewelry in China from December 2006 to January 2009. Mr. Fong served as the managing partner of Iceberg Financial Consultants, a financial advisory firm based in China that advises Chinese clients in capital raising activities in the United States from January 2004 to November 2006.
In connection with the foregoing, Yong Ling ceased to act as the Company’s Chief Financial Officer immediately prior to Mr. Fong’s appointment. Mr. Ling has also resigned his position on the Company’s board of directors. Mr. Ling will retain his position as Chief Accounting Officer of Sichuan Apollo Solar Science & Technology Co., Ltd, a wholly owned subsidiary of Apollo Solar Energy, Inc.
A little old...but I dont think ive seen it. Explains who apollo is http://www.tradingmarkets.com/.site/news/Stock%20News/1760936/
wow nice!!!) Yah RM bout to hap thats why imo.))eom
someone just bought 2,500 shares at $10 a piece! do they know something we dont know?
ya know lol i knew it would be tough to get any shares below 5 beans now i dunno if it will see 5 or less til after they do a FS if they do lol.Watch it hit 20.00 here before so if it does imo.
yup thats it!!11.00 up crazy!!
i see 7.50 x 11. last at 8.00. man i wish i bought more before!
Sooo hope u still holdin i think you be surprised!!8 bucks jus hit 11.00 up now!!
DFLY - Just stumbled on this one after checking activity from the OTC BB. Could it be that there are only 555K trading shares here? Was this the result of an RS from another symbol? Any idea how far away they are from production?
weeks hopefully but could take a month or 2 imo..eom
how long does the DD usually take?
its the level 2 ask lineup now its 5.25 current ask and the next market maker sitting at 2000.00 dollars..shows there arent many shares avail here hence that mm staying far away from sellin any on ask.)DF
i'm new, what does this mean? 2000 shares at 6.00?
NATEEE!!Still got this too?? Merger news here today!
we know what other one coming shortly next to now that they uplisted off the pinks.)))DF
VERY interesting wow!)And we know come new president Solar goin to be a BIG issue moving forward in the coming years.Right place right time for this to go public imo.)DF
Tellurium is extremely rare, one of the nine rarest metallic elements on earth. It is in the same chemical family as oxygen, sulfur, selenium, and polonium (the chalcogens).
Semiconductor and electronic industry uses:
* Tellurium is used in the media layer of several types of rewritable optical discs, including ReWritable Compact Discs (CD-RW), ReWritable Digital Video Discs (DVD-RW) and ReWritable Blu-ray Discs (See here).
* Tellurium is used in the new phase change memory chips developed by Intel. See phase change memory. Also see here.
* Bismuth telluride (Bi2Te3) is used in thermoelectric devices.
* Tellurium is used in cadmium telluride (CdTe) solar panels. NREL lab tests using this material achieved some of the highest efficiencies for solar cell electric power generation.First Solar Inc. started massive commercial production of CdTe solar panels in recent years, significantly increased tellurium demand. If some of the cadmium in CdTe is replaced by zinc then CdZnTe is formed which is used in solid-state x-ray detectors.
* Alloyed with both cadmium and mercury, to form mercury cadmium telluride, an infrared sensitive semiconductor material is formed. Organotellurium compounds such as dimethyl telluride, diethyl telluride, diisopropyl telluride, diallyl telluride and methyl allyl telluride are used as precursors for MOVPE growth of II-VI compound semiconductors. Diisopropyl telluride (DIPTe) is employed as the preferred precursor for achieving the low temperature growth of CdHgTe by MOVPE.