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Abstract
This news release contains forward-looking statements concerning the Company's business and operations. The Company cautions that, by their nature, forward-looking statements involve risk and uncertainty and the Company's actual results could differ materially from those expressed or implied in such statements. Such statements include comments regarding the timing of the expansion of the solar grade silicon metal production lines, the timing of receipt of required permits, the timing of completion of design and engineering work, the timing of delivery of solar grade silicon metal production equipment, the value of the sales of solar grade silicon metal, future demand for solar grade silicon metal and the future pricing of such product.
The new plant will consist of three separate production lines, each expected to yield at least 1,200 metric tons of annual capacity. Timminco has ordered the solar grade silicon metal production equipment required for the expansion, with deliveries beginning in August 2007. This equipment is similar to the Company's 300 metric ton annual capacity pilot plant, which the Company is currently using to ship solar grade silicon metal to its customers under contract and solar grade silicon metal samples for testing to potential customers.