aleo solar AG signs solar module contract worth over EUR 30 million

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today announced that it has
signed a supply and cooperation agreement with a+f GmbH. a+f GmbH is a
subsidiary of the GILDEMEISTER technology group, the world's leading
manufacturer of metal-cutting machine tools. a+f GmbH launched its SunCarrier on
the market in 2006. The SunCarrier is a sun-tracking carrier system for solar
modules. a+f GmbH needs solar modules to equip its SunCarriers for several large
projects in southern Europe. The company has chosen aleo solar as its supply and
cooperation partner for these projects. aleo solar will provide its high-quality
solar modules under the terms of a supply contract worth over EUR 30 million.
The first joint project will be carried out between autumn 2007 and summer 2008.
The agreement will bring in over EUR 20 million in 2008.

Thomas Petsch, managing director of a+f GmbH, believes the quality standards of
the solar module manufacturer will be of great benefit to this cooperation.
"aleo solar AG was our first choice for large international projects due to the
quality of its products and the high yield of its modules. The PLC-controlled
SunCarrier automatically orients itself on the position of the sun, allowing it
to achieve a 32% increase in performance over fixed elevated systems. The
international orientation of aleo solar AG fits well with our strategy in
southern Europe. We'll take this journey together."

Jakobus Smit, chairman of the Management Board of aleo solar AG, is confident as
well. "aleo solar AG can now offer turnkey, multi-megawatt projects. The
SunCarriers are distinguished by their long lifespan and low maintenance
requirements. Through this cooperation, we'll gain additional experience in
large-scale projects with a powerful partner at our side. We want to continue to
grow internationally, and this year we will have generated around 30% of our
revenue abroad. We anticipate strong demand in Greece as well as Spain.".

Further inquiry note:
Franz Nieper or Yvonne Meyer
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-77
E-Mail: Invest@aleo-solar.de

end of announcement euro adhoc 23.10.2007 07:05:32
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emitter: aleo solar AG
Gewerbegebiet Nord
D-17291 Prenzlau
phone: +49(0)3984-8328-0
FAX: +49 (0)3984-8328-115
mail: invest@aleo-solar.de
WWW: http://www.aleo-solar.de
sector: Alternative energy
ISIN: DE000A0JM634
indexes: CDAX, Technologie All Share, Prime All Share
stockmarkets: official dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse München
language: English

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