DuPont (DD), SunTech (STP) Enter Strategic PV Agreement
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DuPont (NYSE: DD) and Suntech Power Holdings Co., Ltd. (NYSE: STP) have signed a strategic agreement to help increase the supply of photovoltaic materials and technologies for the growing global market for solar energy.
The agreement focuses on technology advancements, supply chain optimization cost reduction initiatives, and DuPont Tedlar polyvinyl fluoride film supply. The companies also are pursuing co-marketing opportunities. The companies' goal is to achieve faster and broader adoption of solar energy to reduce the world's dependence on fossil fuels. They intend to achieve the goal by further improving the technology for solar energy and helping reduce its costs and building greater awareness of its benefits to consumers.
The agreement focuses on technology advancements, supply chain optimization cost reduction initiatives, and DuPont Tedlar polyvinyl fluoride film supply. The companies also are pursuing co-marketing opportunities. The companies' goal is to achieve faster and broader adoption of solar energy to reduce the world's dependence on fossil fuels. They intend to achieve the goal by further improving the technology for solar energy and helping reduce its costs and building greater awareness of its benefits to consumers.
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