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Rare Earth Mining: Apollo Solar Closes Purchase Contract

November 17, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Apollo Solar Energy, Inc. (ASOE.PK),  a vertically integrated miner, refiner and producer of high purity tellurium and tellurium based metals for the CdTe/CIGS thin film solar photovoltaic industry, said it has inked a five-year purchase contract with a worldwide solar panel manufacturer.

Under the contract, Apollo will provide 5N ultra-high purity tellurium, the core material of CdTe thin film solar PV.

China-based Apollo Solar Energy, through its wholly owned subsidiary, Sichuan Apollo Solar Science & Technology Co., is primarily engaged in mining, refining and producing tellurium and high-purity tellurium based metals for specific segments of the electronic materials market.

The Company's products include CdTe thin-film compounds, CIGS thin-film compounds, ultra-high purity metals and commercial-purity metals.

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