Monday, May 23, 2022 11:27:16 AM
But it does say it will build IST's cell manufacturing not SNPW cell manufacturing..
:Sun Pacific Power Corp (“SPP”) and PT. IDN SOLAR TECH. (“IST”) have an agreement for the development of a 1GW per year solar manufacturing plant in the USA utilizing revolutionary technology currently being used by “IST”."
Michael Ho, CEO of PT. IDN SOLAR TECH. stated, “We are looking forward to assist and work on the expansion between Sun Pacific Power and IST. The collaboration with Sun Pacific Power will help increase sales in our cell manufacturing and the growth for both of our companies. The deployment of this advanced technology will enable “SPP” to move forward to meet the demand for both green power and sustainable development.”
The PR points more to this
then
SNPW may be a co owner as part of the licensing agreement but it will be an IST facility selling IST solar cells. And sometime down the road they add SNPW non glass solar panels to the pipeline, but initially this will be IST products sold under the SNPW name.
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