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Zürich (euro adhoc) - Tunc Telekomünikasyon A.S., one of Suisse Tunc Holding
subsidiaries, has signed distributorship agreements related to renewable energy
sources with China International Holdings Co. Ltd. and Macro Solar Technology
Co. Ltd.. In the context of so called Tunc-Solar Project business development,
marketing and technical department of Tunc Telekomünikasyon A.S. have been
working for several months to prepare the termination of these agreements. The
project started in September 2007. Its purpose is the entry in the market of
renewable energy sources, especially wind and solar energy.
In December 2007 the contract between Big China International Holdings Co. Ltd.
(8-306, Dingtaifenghua Community, Qianhai Road, Nanshan District, Shenzhen,
Guangdong, China) was signed. Tunc Telekomünikasyon A.S. is now exclusive
distributor for Turkey for the next twelve month. The contract with Macro Solar
Technology Co. Ltd. (No: 138 Caoqiao Town Pinghu Zhejiang, China) about the
purchase of solar products for sample purposes within one year was concluded in
January 2008. Both agreements will be extended to an additional duration of 24
month in case of an effective collaboration.
The aim of Tunc-Solar Project is to distribute solar driven street, park and
garden lamps, traffic lights and solar panels. There is a clear market potential
for there are more than five million street lights in Turkey. Tunc
Telekomünikasyon A.S.´ expectation is to become a solution partner for many
municipalities in Turkey within this year.
According to the opinion of Ceyhun Coskun, business development and marketing
specialist, Tunc Telekomünikasyon A.S. will be able to expand its activities in
the sector of renewable energy to the countries where Tunc Holding´s
subsidiaries operate.
Tunc Holding AG has been founded in November 2007 and provides through its seven
subsidiaries engineering and support services in the area of telecommunications
systems. The Tunc Holding subsidiaries are active in eleven countries in Asia
Minor, Western and Central Asia as well as in Eastern Europe. Tunc
Telekomünikasyon A.S. as operational nerve centre of the group is located in
Ankara, Turkey. The Turkish subsidiary operates as highly qualified provider in
the GSM sector since 1992. The broad range of services includes from site survey
and infrastructure to the erection and maintenance of telecommunications
systems. Since 1996, the activities have been continuously expanded to include
the area of electricity distribution systems with associated services, renewable
energy and internet technology.
The shares of Tunc Holding AG are tradet in the Open Market of Deutsche Börse
Frankfurt (ISIN: CH0036270582, WKN: A0M92R).
Further inquiry note:
Tunc Holding AG
T. Fikret Baran
Nordstrasse 89
8037 Zürich
Phone: +41 (0) 44 200 28 30
Fax: +41 (0) 44 200 28 31
Branche: Telekommunikation
www.tunc-holding.ch
info@tunc-holding.ch
end of announcement euro adhoc
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emitter: TUNC Holding AG
Nordstrasse 89
CH-8037 Zürich
phone: +41 44 200 28 30
FAX: +41 44 200 28 31
mail: info@tunc-holding.ch
WWW: www.tunc-holding.ch
sector: Telecommunications Equipment
ISIN: CH0036270582
indexes:
stockmarkets: free trade: Börse Frankfurt
language: English
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