Helsinki, Finland, 2017-09-18 11:00 CEST (GLOBE NEWSWIRE) --
Glaston Corporation Press release 18 September 2017 at 12.00
Glaston closes GlastonAir™ tempering machine deal to China
Glaston has sold a GlastonAir™ glass tempering machine to China Triumph International Engineering Co.,Ltd., (CTIEC). The order is booked in Glaston’s Q3/2017 order intake and the delivery is planned to take place around mid-year 2018. The deal is valued at around EUR 3 million. It has no impact on Glaston’s operating result in 2017 and is part of Glaston’s expected order intake this autumn.
CTIEC has entered into projects in new glass, new materials and renewable energy. For their new double glazing Photovoltaic solar energy module project CTIEC was looking for an expert in glass tempering. “We have been impressed by Glaston’s leading technology and the outstanding quality of the end product. GlastonAir™ meets all our demands for high-quality thin tempered glass”, says Peng Shou, Chairman and Managing Director at CTIEC.
GlastonAir™ represents a completely new approach to glass heat treatment. Glaston is a frontrunner in glass processing technologies and GlastonAir™ with its unique air flotation technology is a result of Glaston’s long-term and systematic R&D work. The advantage of GlastonAir™ compared to traditional roller-type tempering furnaces is that the glass is supported and heated on a bed of air at air flotation section, taking quality to a new level as the glass has no roller marks and is practically free of waves.
“Already for some years we have seen a growing interest for thin glass especially for solar energy solutions. With GlastonAir™ it’s possible to process fully tempered glass down to 2.0 mm and to heat strengthen down to 1.6 mm thickness with extreme flatness and best optical quality. These features make GlastonAir™ the perfect solution for solar energy applications as reduced thickness of the glass improves the efficiency of the solar panels at the same time as its weight and use of materials are lower. This deal is an important opening for GlastonAir™ in the potentially most significant markets”, says Arto Metsänen, CEO and President of Glaston Corporation.
China Triumph International Engineering Co. Ltd. is a high-technology R&D and engineering company with industrial bases in several provinces in China. Currently the company is also expanding outside of China. CTIEC is part of China National Building Material Co., Ltd.
For further information, please contact:
Arto Metsänen, CEO & President, Tel. +358 10 500 500
Frank Zhang, SVP Sales and Service, Asia, Tel. +86 21 5840 9778
GLASTON CORPORATION
Agneta Selroos
Communications Director
Glaston Corporation
Glaston is a forerunner in glass processing technologies and services. We respond globally to the most demanding glass processing needs of architectural, solar, appliance and automotive industries. Additionally, we utilize emerging technologies, that integrate intelligence and sustainability to glass. We are committed to providing our clients both the best know-how and the latest technologies in glass processing. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd. Further information is available at www.glaston.net