Stock News: Sunpower Group wins 3.74 mln usd deal from Taiwan's CTCI

Sunpower Group Ltd said it has won a 3.74 mln usd deal to supply pressure vessels to Taiwan-listed CTCI Corporation's unit CTCI Overseas Co Ltd. CTCI Overseas will be installing the vessels in a refinery project of Thailand's Bangchak Petroleum Co. Under the terms of the deal, Sunpower's unit Jiangsu Sunpower Technology Co Ltd is expected to complete the fabrication of the pressure vessels by end-2007 with payment to be on a progress basis.