aleo solar focuses on suppliers with fair prices
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Oldenburg, Prenzlau, 10 October 2006. "aleo solar AG has an extremely good supply of solar cells for 2007 and 2008 from its medium- and long-term agreements", said Jakobus Smit, board member at the solar module specialist and systems supplier. "The current shift from a sellers to a buyers market allows us to turn down quotes from solar cell manufacturers that are clearly too expensive even at short notice. Only when we are able to purchase at a fair price, we are also able to sell at a good price." For example, aleo solar has decided not to buy any solar cells from the Taiwanese E-Ton Solar Tech. Co., Ltd. at this time. The decision will not affect the supply of solar cells for the planned annual production. Only four weeks ago, the company announced the conclusion of a cell supply contract with Q-Cells for 100 MWp.
The Company aleo solar AG (previously S.M.D.) maintains distribution offices in Oldenburg (Lower Saxony) and manufacturing facilities in Prenzlau (Brandenburg). Founded in September 2001, the company manufactures solar modules based on silicon cells. Around 230 employees currently work at both locations. The solar module manufacturing facility in Prenzlau has an annual capacity of 90 megawatts, which makes it one of the largest facilities of its kind. In 2005, aleo solar AG achieved sales of EUR 106.9 million. aleo solar AG (DE000A0JM634) has been listed on the Prime Standard segment of the Frankfurt Stock Exchange since July 2006. By acquiring shares in the Brandenburg-based technology company Johanna Solar Technology GmbH, aleo solar AG has attained access to the promising future of thin-film technology.
Contact: aleo solar AG | Tanja Brüdersdorf | Osterstraße 15 | 26122 Oldenburg T 0441 219 88 54 | F 0441 219 88 15 | E bruedersdorf@aleo-solar.de |www.aleo-solar.de
end of announcement euro adhoc 10.10.2006 14:11:03
Further inquiry note:
Yvonne Meyer
Investor Relations, Legal & Compliance
Telefon: +49(0)441-21988-58
E-Mail: Meyer@aleo-solar.de
Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Technologie All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
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