Recession

Sunpower Philippines declared recession this quarter.In our communication meeting the management guarantee us that no layoffs will happen in sunpower family.I hope so.We do understand the situation because one of our customer back out already because the company was not gaining profit anymore.Sunpower oversupply of product is a big inventory that increased by almost 30%.Research and Development Department is working a new cell technology to compete sunpower in the solar market based on high quality and efficiency.Everybody is still hoping that we will survive and win the crisis.