Lightway Solar America, Inc. ("Lightway"), the U.S. subsidiary of Lightway Green New Energy Co., Ltd., announced the execution of a Supply Agreement with G&S Solar ("G&S") to provide thirty-four megawatts (34 MW) of multicrystalline solar modules. The Agreement requires G&S to purchase over 122,000 panels from Lightway within a one year period. Deliveries had already commenced in December of 2011 as part of an eight megawatt (8 MW) contract that has now been expanded to a total of thirty-four megawatts (34 MW).
Lightway opened their U.S. office in Iselin, New Jersey during the end of 2010 and has captured significant market share through the implementation of aggressive strategies that include the development of a bankable product, technological innovation, and a variety of financial solutions for their downstream customers. During Q4 2011, Lightway executed over 100 MW of Supply Agreements to be delivered throughout the U.S. market during the period of 2012.
