The Production Base and Changzhou R&D Center Signs On to Develop Semiconductor and Crystalline Silicon Conductive Materials in the Changzhou National High-Tech District

PR86350

CHANGZHOU, China, Oct. 29, 2020 /PRNewswire＝KYODO JBN/ --

The signing ceremony for the Project to develop semiconductor and crystalline

silicon conductive materials was held in the Changzhou National High-Tech

District on October 19 and signed by the Production Base and Changzhou R&D Center.

Changzhou Fusion New Material Co., Ltd has invested in the Project,

contributing a total CNY 500 million, which will drastically increase the

company's existing production capacity of silver paste products to 100 tons per

month. This in turn significantly enhances the company's ability to leverage

economies of scale and strengthen core competitiveness. The new R&D center for

the Project will focus on the cutting-edge research and development of silver

pastes, especially in high-temperature and low-temperature silver pastes,

semiconductor materials, and related fields. The Company will rely on the R&D

center to continuously carry out technological research and product upgrades to

develop the Company's core competitiveness.

Changzhou Fusion New Material Co., Ltd. is a high-tech enterprise focusing on

the R&D, production and sales of conductive materials, and its main products

are silver pastes for crystalline silicon solar cells, 5G wave filters and

other products. Having disrupted the technological monopoly of foreign

enterprises in the field, the company has been a global leader in terms of

sales and technological level, with a sales volume of CNY 894 million in 2019.

Its sales for 2020 are expected to exceed CNY 2 billion with tax around CNY 80 million.

Fusion New Material has a world-class R&D center that's equipped with advanced

R&D and experimental instruments and equipment, including high-powered SEM-EDS,

high-precision printers, rheometers, DSC, SunsVoc and so on. Its existing R&D

team consists of more than 50 members, including the world's top experts with

more than 30 years of industry experience, as well as post doctorates,

postgraduates and undergraduates from the Chinese Academy of Sciences, Fudan

University, East China University of Science and Technology and other famous

universities. In addition, there are also 2 foreign experts alongside 6 doctors

and more than 23 postgraduates. Over 70% of the R&D staff come from world-class

universities or universities involved with Project 211. The Company has built a

provincial silver paste engineering technology center, which is the only such

silver paste engineering center in the Jiangsu province.

SOURCE: Changzhou National Hi-Tech District

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   Caption: Changzhou Fusion New Material Co., Ltd.