Alpha signs five year building lease.PHOENIX--(BUSINESS WIRE)--Nov. 1, 1996--Alpha Solarco Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on SmallCap ASCO ASCO American Society of Clinical Oncology ASCO Association of Schools and Colleges of Optometry (since 1941; Rockville, Maryland) ASCO Australian Standard Classification of Occupations ASCO Automatic Switch Company ) Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant announced the signing of a five year building lease with The Dial Corp Fund. The 30,000 square foot building is sub-leased to the Skylight skylight Roof opening covered with translucent or transparent glass or plastic designed to admit daylight. Skylights have found wide application admitting steady, even light in industrial, commercial, and residential buildings, especially those with a northern orientation. Corp. which plans to produce solar cells solar cell, semiconductor devised to convert light to electric current. It is a specially constructed diode, usually made of silicon crystal. When light strikes the exposed active surface, it knocks electrons loose from their sites in the crystal. and panels at the facility. Skylight Corp. will now upgrade the building housing their $4 million equipment investment from a warehouse building into production clean rooms. At present the schedule to complete the $200,000 renovation is January January: see month. 1997. Additionally, Alpha Solarco Inc. will also sign the contract to manage the new production facility as well as the marketing for Skylight Corp. products on a yearly basis. Alpha's main business is technology transfer for production of solar cells and panels plus the production of solar concentrators at its joint venture plant in China. Recently, Alpha's stock price is down due to a $4,000 stock sting that involved the promotion activities of Alpha stock by an individual who has been accused of alleged illegal stock activities. Alpha Solarco has a history of being on the NASDAQ market for 17 years and has never had any incidence of any kind regarding NASDAQ rules or regulations. No Alpha Solarco officer, insider or employee has been accused of taking part in this alleged illegal promotion of the company stock. Alpha Solarco continues to negotiate for three separate contract awards with overseas organizations for two $5 million single sun solar cell production technology transfers and a $12 million solar concentrator production agreement. The company anticipates that these contracts will be awarded in the next several months although there can be no assurance that the company will win any of these contracts. CONTACT: Alpha Solarco Inc., Phoenix Edward C. Schmidt, 602/252-3055 |
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