euro adhoc: ErSol Solar Energy AG / other / ErSol again wins Solon as a long-term client (E)

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ErSol again wins Solon as a long-term client

ErSol Solar Energy AG (ErSol) supplies additional solar cells to Solon AG. For this purpose, the two companies today signed a new long-term contract ending in 2017. The modules that will be built as a result of this partnership shall enable the two German solar companies to jointly penetrate the key US market, which, in the company’s estimation, shows the greatest growth potential for the PV industry, alongside Southern Europe and Asia. Solon has been one of ErSol’s main clients for some time now. The two companies already concluded a multi-year contract with a volume of around EUR 350 million in September 2005. The new contract has a total volume of around EUR 320 million. It is planned that ErSol will receive down payments from Solon, which the Berlin module manufacturer will be able to offset against subsequent payments in the form of a price reduction when purchasing the solar cells.

Further inquiry note:
Sonja Teurezbacher
Investor Relations Manager
+49 (0)361 219 5130

end of announcement euro adhoc

emitter: ErSol Solar Energy AG
Wilhelm-Wolff-Straße 23
D-99099 Erfurt
phone: +49(0)361 21 95-0
FAX: +49(0)361 21 95-133
ISIN: DE0006627532
indexes: CDAX, TecDAX
stockmarkets: official dealing/prime standard: Frankfurter Wertpapierbörse sector: Alternative energy
language: English