Motech

Motech Industries Inc. today announced the appointment of Mr. Sam Tsou as its Vice President of Business Operation, effective August 2, 2010. Mr. Sam Tsou will report directly to Dr. P. H. Chang, President and CEO of Motech.

Motech Industries Inc. (TWO: 6244) announced its subsidiary, AE Polysilicon Corporation has signed a Stock Purchase Agreement with Total Gas & Power USA (SAS) to acquire a 25.4% interest in AEP. Motech’s interest in AEP will decrease to 33.3% subsequent to Total’s initial investment.

Vertically integrated solar products provider, Motech Industries Inc., announced today that it will introduce four new high-performance modules at Intersolar this June in Munich, Germany. The new IM60 and IM72 modules are powered by Motech's multicrystalline cells and range in power output from 235W up to 290W. Innovative XS60 and XS72 modules integrate Motech's 3-busbar, monocrystalline X-Cell technology which features unique texturing processes - improving light absorption and increasing average cell efficiencies up to 18.2%.

Motech Industries Inc. announced its subsidiary, AE Polysilicon Corporation, has successfully deposited polysilicon in their proprietary commercial scale fluidized bed reactors (FBR) at its Fairless Hills, Pennsylvania site. This is a significant milestone for the demonstration of an advanced polysilicon technology which has the potential to significantly reduce the cost of manufacturing silicon ingots and wafers.

Governor Jack Markell attended an open house in early April for Motech Americas LLC, Motech Industries Inc.'s subsidiary and a solar module manufacturer in Newark, to boost economic development in Delaware. In just two weeks, Motech Americas has already added jobs at their manufacturing facility as they have seen steadily increasing demand for their solar modules.

Motech Industries Inc. (TWO: 6244) announced its subsidiary, Motech Americas LLC, will host an open house event at their manufacturing facility in Newark, Delaware from 1:30pm to 6:00pm EST on Friday, April 9, 2010. The Governor of Delaware, Jack Markell, and the Director of Delaware Economic Development, Alan Levin, will be highlighting the importance of awareness around renewable energy and the environment. Guests will include State and Community leaders and Solar Industry Professional.

Motech Industries Inc. has appointed Dulci Chen as Director of Solar Module Sales for Europe. “We are excited for Dulci to join Motech, with her many years solar experience and proven business acumen. We are looking forward to the high level of energy that Dulci will bring to the team and to further develop this part of Motech’s growing business and to build on our existing strong brand” said Derick Botha, VP of Sales and Marketing.

Motech Industries Inc. (TWO: 6244) announced the signing of a joint venture contract with Itogumi Construction Co., Ltd. According to the contract, the joint venture, Itogumi Motech Inc., acquired the module factory of Itogumi Lumber Co., Ltd., a related business of Itogumi Construction.

Itogumi Motech Inc., is located in Hokkaido, Japan. It currently employs 35 people and has 27MW/year solar module capacity.

Motech Industries Inc. today announced the appointment of Dr. Peng Heng Chang as the new Chief Executive Officer, effective March 31, 2010. Current Chief Executive Officer, Dr. Simon Y.H. Tsuo, will relinquish his CEO position and focus on his position as Chairman of the Board of Directors. Yung-Hui Tseng, vice Chairman and Deputy Chief Executive Officer, will relinquish his current position of Deputy Chief Executive Officer.

Motech Industries Inc. today announced its subsidiary, AE Polysilicon Corporation, has been awarded a tax credit of US$44.85 million for Phase I under section 48C of the IRS Tax Code by the U.S. Department of Energy (DOE).