Even though the demand for sources of alternative energy is rising, at the same time the competitive pressure in the industry is increasing. Specifically in the Solar Industry new competitors from China are aggressively entering into the market, while at the same time the partly lush subsidies in many European countries are tuned down as a result of the general economic crisis.
Thus productivity and cost effectiveness move into the focus rather than growth and project finance. As of today, already two of the leading solar cell producers have ordered AviX® pilot projets; in the wind energy sectors two of the market leaders are already among our customers.
We are confident that we can turn this into a good example how AviX® can make European manufacturing in the high tech arena fully competitive with the Asian competition!