Canadian Firm Says Set to Slash Solar-power Costs

ATS to begin production in 2003, but no costs given for new solar cells.

Published: 18-Jul-2002

TORONTO July 17 (Reuters) - A Canadian company said on Wednesday it has developed solar cells that will slash the cost of solar power, holding out the possibility of a revolution in the generation of clean, renewable energy.

ATS Automation Tooling Systems (Toronto:ATA.TO - News), which makes testing systems for machines, said it plans to start production of the new solar cells in 2003 and make enough within a year to supply electricity for the equivalent of 6,000 homes -- a tiny fraction of the billions of people living without power.

"What we have here is a new revolutionary product that cuts the barriers of cost," ATS Chief Executive Klaus Woerner told Reuters. "Our technology can stand on its own in the marketplace, as a viable energy alternative."



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