SunSi Energies, Inc., a provider of trichlorosilane (NYSE:TCS), a chemical compound used to produce polysilicon for the semiconductor/solar industry, recently announced it has submitted its application to list its common stock on the NASDAQ exchange.
“SunSi is ready to list on a larger, high profile exchange and believes that the NASDAQ is the right marketplace for our shares to trade. Listing on the NASDAQ should enable us to broaden our investor reach, increase visibility to the investment community, and add liquidity to our shares,” David Natan, SunSi’s CEO, stated in the press release.
Acceptance to the exchange poses an obvious advantage in the market, but also reflects the company’s stated mission to become one of the world’s largest producers of trichlorosilane, a chemical mainly used in the production of polysilicon, which is an essential raw material in the production of solar cells for PV panels. The plan is for the company to acquire and develop a portfolio of high-quality, scalable TCS production facilities in strategically chosen locations to position the company for future growth and expansion.
U.S.-based SunSi currently controls approximately 55,000 metric tons of TCS production in China, and is taking advantage of trends in the solar market by taking steps to increase its current capacity levels. In fact, according to Natan, SunSi continues to expand its TCS operations in China, and last week announced revenue guidance for fiscal 2012 in the range of $49 million to $52 million, plowing past fiscal 2011 revenue of $15.1 million in revenue.
The company’s most recent major growth initiative took place in March of 2011 when SunSi completed an agreement to acquire 60 percent of Wendeng He Xie Silicon Co. Ltd in Weihai City.
For more information, visit www.sunsienergies.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html