Solar Thin Films, Inc. cancelled the acquisition of Solar Portables Business, Inc.
August 28, 2014 at 12:00 am EDT
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Solar Thin Films, Inc. (OTCPK:SLTZ) entered into an agreement to acquire Solar Portables Business, Inc. on August 28, 2013. The acquisition includes $4 million of work in progress and an additional $1 million in finished goods inventory. The transaction is subject to final documentation. The transaction is expected to be completed in 30-45 days.
Solar Thin Films, Inc. (OTCPK:SLTZ) cancelled the acquisition of Solar Portables Business, Inc. on August 28, 2014.
Solar Thin Films, Inc., operating as STF Group, is a clean technology company. The Company operates in three core business units: Solar Photo Voltaic (PV) Development residential, commercial and solar off grid lighting; PowerBoy energy efficiency and harvesting products, and SpaceCube light-weight Fiberglass Reinforced Plastic (FRP) storage/shipping containers. It also provides modular Energy Star rated ECO-homes. PowerBoy/SpaceCube Stores markets and sells solar PV and solar hot water kits and systems, manufactured, assembled and deployed by STF, to residential, commercial and government customers. SpaceCube storage/shipping containers are manufactured a with a composite Fiberglass Reinforced Plastic (FRP) wall panel system that reduces the weight of containers by 30%. The strength of the FRP wall panel system gives SpaceCubes superior surface resistance, corrosion protection and the ability to be stored in a stacked position in any environmental condition.
SOLAR THIN FILMS, INC. 
