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Solid World Spa

IT0005497893

SolidWorld Group, backlog at end of March of EUR5 million in solar

April 03, 2024 at 02:02 am EDT

(Alliance News) - SolidWorld Group Spa announced Wednesday that its subsidiary SolidFactory Srl has entered into a new contract with a North American player for the complete supply of an innovative line for the production of advanced-technology solar panels.

With this order, SolidFactory's backlog stands at EUR4.9 million at the end of March, according to unaudited data provided by company management.

Andrea Maccari, president of SolidFactory, commented, "The growing interest seen in 2023 has confirmed to us that our vision and capabilities are in line with global trends and market needs. Recent orders from international partners and the support of the new Industry 5.0 decree in Europe are proof of the dynamism and innovation of the industry in which we operate."

"In Italy, we expect significant growth, also thanks to the new Industry 5.0 decree, we foresee a strong boost in the production of our lines, as they meet the very tight technical specifications required by the Ministry of Industry in order to qualify for tax credit benefits."

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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