If this is truly the company, $20m is toilet paper to Suadi companies. The deal could be for real. This thing will take off like a rocket. They are probably waiting for Tuesday. Bad idea to release news over the long weekend. JMO.
first of all, it was mentioned Nourtech, and not Noortech second of all, that so called XS annoucement is obviously a hoax, as it is not even confirmed by XS site itself, which is by itself already a site of very dubious nature third of all, it is not a S.A.R.L type of company
seriously doubt a company with 50 employees can pay 90M USD in these hard financial times for a company like this
and on top of all that, noortech has nothing to do at all with solar energy, or least doesn't have any reference about it
oh and while you are at it, there is also a www.noortechfab.com in India, making transformer tanks :p
Headquarters Saudi Arabia Industry Facilities Services Type Privately Held Status Operating Company Size 50 employees Founded 1998 Website http://www.noortech.com
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