Signet Solar announces insolvancy; management optimistic10. June 2010 | Markets & Trends, Top News | By: Becky Stuart
Signet Solar's German division has announced it is insolvent. Dr. Christoph Junker, trustee in bankruptcy has told pv magazine the reason involves customers not paying up on time and a lack of new contracts. He is "convinced" however, that the company will find a new investor "within a matter of weeks".
Speaking to pv magazine over the phone, Dr. Junker said that the company has only just found out that customers of Signet Solar have not paid up on time. This, combined with a problem in securing new contracts since March of this year, has led to the company being declared insolvent.
He said that the company is currently at the Intersolar Europe trade fair though and that it is "convinced it will find a new investor within a matter of weeks".
This is also the message being conveyed to the 160 employees hired by Signet Solar today.
Keep your finger firmly on the photovoltaic pulse: sign up for our daily newsletter
- 2291 views
- 2222 views
- 1939 views
- 1830 views
- 1652 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!