Aug. 28, 2013: Solar Thin Films to Acquire KLC Green Energy
KLC Manufactures Smart Solar Tracking System
UNIONDALE, N.Y. — Solar Thin Films Inc. has announced an agreement, subject to final documentation, to acquire 100 percent of KLC Green Energy Corp.
KLC manufactures a solar panel system known as the Smart Solar Tracking System, or Tracker. The unique feature of the Tracker is that the solar panel changes position in response to the movement of the sun in relation to the earth; in essence, following the sun’s path. According to the company, this feature allows for a 50 percent increase in the amount of energy produced by the panel and has a number of applications.