PHILADELPHIA, June 25 /PRNewswire-FirstCall/ -- CDI Corp. (NYSE: CDI)
announced today that its CDI Engineering Solutions business unit has been
selected by Solar Energy, LLC of Dankov, Russia, a subsidiary of Industrial
Investors Group, to provide technology integration and basic engineering
services for a 1200 MT polysilicon production facility to be located near
the south-central Russian city of Lipetsk.
CDI's scope of work involves integration services and technical
oversight of the basic engineering packages produced for the
trichlorosilane (TCS) plant, the vent gas treatment system and the
polysilicon plant production area. This will include the chemical vapor
deposition reactors and converters for the manufacture of polysilicon. CDI
will also provide Balance of Plant Front-End Engineering Design (FEED)
services for the waste treatment system, offsite facilities, utilities and
infrastructure for the entire production facility.
"Selecting CDI to provide the overall integration of the technologies
will be key for the success of our project," said CEO of Solar Energy,
Eugene Vaag. "Their experience in TCS design and overall polysilicon
facilities made our choice very clear."
CDI Engineering Solutions has been involved in the design of
polysilicon projects utilizing similar processes for over a decade with
many of its clients' plants in operation today. As a leader in implementing
TCS technology, CDI is providing technology integration, basic engineering,
Front-End Engineering Design (FEED) and Engineering Procurement
Construction Management (EPCM) services for polysilicon producing clients
through a Global Project Development organization dedicated to the
polysilicon market and headquartered in Houston, Texas.
Keith Landry, Vice President of Global Project Development for CDI
Engineering Solutions said, "We are pleased to be selected for this
important project for Solar Energy. Our teams are dedicated to providing a
highly valuable and efficient design for the new TCS and polysilicon
production plant."
About CDI
Headquartered in Philadelphia, CDI Corp. (NYSE: CDI) is a leading
provider of engineering and information technology outsourcing solutions
and professional staffing. Its operating units include CDI Engineering
Solutions, CDI IT Solutions, CDI AndersElite Limited and Management
Recruiters International, Inc. Visit CDI at http://www.cdicorp.com.
About Industrial Investors Group and Solar Energy LLC
Industrial Investors Group is a leading Russian independent investment
company in Russia. Since 2000, Industrial Investors has been actively
investing in the Russian economy, focusing on sectors with strong growth
potential. Solar Energy LLC is a subsidiary of the Industrial Investors
Group. For more information, go to
http://www.industrial-investors.com/invest.html.
Solar Energy LLC is a vertically integrated solar business that
includes all key elements of the solar value chain; from production of
high-grade polysilicon components to fully integrated photovoltaic systems;
achieving this solely based on its own manufacturing, marketing and
distribution assets. Solar Energy's mission is to be a global leader in the
solar energy marketplace.
Caution Concerning Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. All
statements that address expectations or projections about the future are
forward-looking statements. Some of the forward-looking statements can be
identified by words like "anticipates," "believes," "expects," "may,"
"will," "could," "should" and similar expressions. These statements are not
guarantees of future performance and involve a number of risks,
uncertainties and assumptions that are difficult to predict. Because these
forward-looking statements are based on estimates and assumptions that are
subject to significant business, economic and competitive uncertainties,
many of which are beyond our control or are subject to change, actual
outcomes and results may differ materially from what is expressed or
forecasted in these forward-looking statements. Important factors that
could cause actual results to differ materially from the forward-looking
statements include, but are not limited to: changes in general economic
conditions and levels of capital spending by customers in the industries
that we serve; the availability and cost of qualified labor; our level of
success in attracting, training, and retaining qualified management
personnel and other staff employees; changes in customers' attitudes
towards outsourcing; credit risks associated with our customers; changes in
tax laws and other government regulations; the possibility of incurring
liability for our activities; our performance on customer contracts; and
government policies or judicial decisions adverse to our businesses. More
detailed information about some of these risks and uncertainties may be
found in our filings with the SEC, particularly in the "Risk Factors"
section of our Form 10-K's.
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