Guardian Expects Big Dividends

US Auburn Hills-based glassmaker Guardian Industries is now placing betting on solar technology & said it expects to pay big dividends soon. Guardian has, over the last 4-5 years, been developing & manufacturing mirrors used in high-powered solar panels, allowing solar energy to be concentrated & maximized. These operations now employ 40 people (20 in R&D) & more than 1M square meters of these mirrors have been shipped. These figures are, however, expected to spike soon. "The agreements are being put into place right now and I think the market will break free in 2011," says Michael Magdich, Guardian Industries GM of global concentrated solar power & concentrated photovoltaics. "I think there will be fantastic growth."