Solar Thin Films, Inc. completed the acquisition of assets of KLC Green Energy Corp.
October 31, 2013 at 12:00 am EDT
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Solar Thin Films, Inc. (OTCPK:SLTZ) entered into a preliminary agreement to acquire assets of KLC Green Energy Corp on August 8, 2013. The terms are subject to final documentation. The parties have agreed to finalize the agreement within 30 days. The acquisition includes 100% of KLC including a small amount of work in progress, as well as inventory. The terms of the acquisition will be reported when the definitive agreement is signed by both parties. As of August 21, 2013 the transaction is expected to close within the next 3-4 weeks.
Solar Thin Films, Inc. (OTCPK:SLTZ) completed the acquisition of assets of KLC Green Energy Corp in October 2013.
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. 
