NEWARK, NY – EMS firm IEC Electronics Corp. has acquired all assets of Celmet Corp. in a cash transaction worth approximately $2 million.

A manufacturer of metal chassis and assemblies, Celmet had revenue of just over $3.6 million in 2009.

“IEC outsources millions of dollars of chassis assemblies annually. Celmet is a successful, well managed small business, serving customers similar to those of IEC in the military and industrial markets. The acquisition leverages the existing customer base of both companies and enables us to extend our capabilities in terms of products and services we can offer our customers,” said CEO W. Barry Gilbert.

Tom Guliani will be the director of operations responsible for the ongoing operation of the business, he added.

EL SEGUNDO, CA – Despite concerns that reductions in government incentives will halt growth in installations of solar photovoltaic systems in 2011, iSuppli Corp. predicts the global PV market will continue to expand next year, as falling prices make solar energy more attractive.

Global PV system installations in 2011 will amount to 20.2 GW, up 42.7% from 2010. While this represents a significant slowdown from 97.9% growth in 2009, it remains an impressive performance in light of expected rollbacks in subsidy programs from various governments, the firm says.

“Because of the cuts in feed-in-tariffs in Germany and Italy next year, and the budget concerns in Greece, Italy and Spain, PV installations in 2011 will slow somewhat compared to the blistering pace of 2010,” said Stefan de Haan, senior analyst for iSuppli. “Furthermore, the weakening of the euro versus the Chinese yuan will artificially inflate prices for solar cells and other system components in Europe. But contrary to some observers’ fears, installations will continue to rise at a prodigious rate next year. Modestly falling pricing for solar cells and complete PV systems are expected to more than mitigate the negative impact of the falling FITs and rising yuan.”

Assuming the US dollar/euro exchange rate remains above $1.20/€, iSuppli predicts crystalline silicon solar cell prices will not increase in 2010, and instead will decline 5% compared to 2010.

Prices for installations in 2011 will fall slightly more, decreasing by approximately 10% on average in Europe. Installation prices will decline to compensate for reduced subsidies in the largest markets of Germany, Italy and France.

Because of this decline, the average ROI for PV installation projects is expected to remain attractive and continue to stimulate substantial demand. Even with Italy’s FIT cut of 10 to 27% split over the year, the ROI for solar installations completed in the country during 2011 will average 10% for major market segments. In Germany, assuming a 13% FIT cut, the projected ROI will be in the range of 8 to 10%.

With the ROI still positive, leading solar countries will still experience robust growth in PV installations in 2011, although at a slower rate than in 2010.

No. 1 solar energy country Germany will install 9.5GW worth of PV systems in 2011, says iSuppli. This will represent a 43.9% increase from 2010.

No. 2 solar generator Italy will install 2GW worth of PV systems in 2011, up 53.6% year-over-year.

The US will install the third largest total of PV systems in 2011, at 1.9GW, up 79.3% compared to 2010.

In fourth and fifth places, respectively, France and Japan will experience healthy expansion, with both countries crossing the 1GW threshold for new installations for the first time.

A notable dropout during 2011 will be the Czech Republic, as its installations plunge to 150MW to 250MW for the year, down from 1GW in 2010. The country’s precipitous decline will be driven by new FIT legislation reducing the current tariffs.

Foreign investors drove the market in 2009 and 2010, creating a solar boom comparable to that in Spain in 2008. iSuppli expects the Czech Republic’s government to take measures to drastically reduce the amount of new solar installations.

Global PV installation growth is set to undergo a major deceleration in 2012, with a rise of only 2.8% to 20.8GW for the year.

“iSuppli believes 2012 will be the year when the PV industry weans itself from the generosity of German subsidies,” de Haan said. “The German market will cool off and expand by only 4 to 5GW per year for the next several years. We believe the government aims to keep an orderly progression in order to achieve an ultimate goal of around 80GW of installed PV capacity.”