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Apollo is engaged in research and development of cadmium telluride-based thin-film solar cell. Apollo also has exclusive exploration and mining rights to Dashuigou Mine in Shimian County, Sichuan Province, China, which it believes to be the world's only independent tellurium & bismuth mine so far found.
Apollo's current core business is mining of tellurium and bismuth ores, extraction of metals, compounds, and target materials for thin-film solar cells, cell modules and solar electronic products. Apollo is a materials supplier to CdTe and CIGS based solar cell manufacturers.
Wincroft hopes that the acquisition will give Apollo "the potential to access the U.S. public market for both awareness and capital."
Wincroft is a Nevada corporation that has had no operating business since April 2000.
China-based Apollo is engaged in the R&D of the next generation CdTe based thin-film solar cell and currently specializes in the mining and refining of high purity materials used in a range of industries, particularly the photovoltaic industry.
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