Phoenix Solar Aktiengesellschaft / Contract
26.02.2008
Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Phoenix Solar AG signs module supply contract with Signet Solar GmbH
- New generation of thin-film modules
- Largest solar modules worldwide
Sulzemoos 26 February 2008 / Phoenix Solar AG has signed a framework
contract with module manufacturer Signet Solar to run until 2011 for the
supply of solar modules with a peak output of around 50 megawatt. The
supply of new generation thin-film modules with dimensions of up to 5.7
square meters has been agreed.
Signet Solar is a module manufacturer which celebrated the ground breaking
ceremony of its module factory in Döbeln/Germany last June. Döbeln will
also be the main European site of the Californian technology company.
Production of the solar modules is scheduled to start in mid-2008.
The production facilities for the new thin-film modules have been provided
by Applied Materials GmbH & Co. KG which is headquartered in
Alzenau/Germany. The parent company Applied Materials Inc. ranks among the
worlds largest manufacturers of machinery for the production of computer
chips and flat screens. With facilities designed for the production of the
worlds largest thin-film photovoltaic modules, the costs of manufacturing
these modules per watt will be among the lowest in the world.
As from September 2008, Phoenix Solar will take delivery from Signet Solar
of thin-film modules made from amorphous silicon. From 2010 onwards,
deliveries will be supplemented by micromorphous silicon technology. The
amorphous silicon solar modules have nominal output of more than 80, 160
and 340 watts respectively and are available in different sizes, depending
on the output. The largest module which is 2.2 m x 2.6 m is perfectly
adapted for use in large ground-mounted power plants.
'This long-term framework contract will help us to secure more module
volumes for ground-mounted power plants, a segment in which Phoenix Solar
is one of Europes leading companies. The size of the modules is a
milestone in technological progress which will allow significant cuts in
the system costs', commented Manfred Bächler, Chief Technology Officer of
Phoenix Solar AG.
'In Phoenix Solar, we have a partner with long-standing experience in the
construction of ground-mounted power plants and a company which was one
of the first to opt for thin-film technology. We are delighted to have
signed our first major supply contract with Phoenix', said Gunter
Ziegenbalg, Chief Executive Officer of Signet Solar GmbH.
This is an English translation of the German version. Only the German
version is binding.
About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is a
leading international photovoltaic systems integrator. Until June 2007, the
company, which was set up in 1999, went by the name of Phönix SonnenStrom
AG. The Phoenix Solar Group anticipates sales of EUR 300 million, generated
in Germany and abroad, for the financial year 2008. Phoenix Solar AG plans,
builds and operates large photovoltaic plants and is a specialist
wholesaler for complete power plants, solar modules and accessories. The
Group is a leader in photovoltaic systems technology. It focuses on the
consistent lowering of system costs. With a sales network which covers the
whole of Germany, and subsidiaries in Spain and Singapore, as well as a
participation in Italy, the Group currently has a workforce of more than
160 employees. The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are
listed on the official market (Prime Standard) of the Frankfurt Stock
Exchange.
About Signet Solar
Signet Solar Inc. was founded in the USA in 2006 as a technology company
with global operations which develops large area, low cost, high
performance thin-film modules. The company is committed to steadily raising
the energy output of the modules while cutting per watt costs. The European
headquarters of the company is currently being built in Döbeln nearby
Dresden. As from summer 2008, Signet Solar will manufacturer the worlds
largest solar modules with state-of-the-art thin-film solar technology. The
Research and Development Center next to the production site will forge
ahead with the development of solar modules. These large area solar modules
will be used above all in solar power plants, building-integrated
installations and ground-mounted solar power plants. For more information,
please see the web site of Signet Solar under www.signetsolar.com or
contact Ms Penkawa (see adjacent contact) directly.
Contact:
Phoenix Solar AG
Anka Leiner
Investor Relations
Hirschbergstraße 8
D-85254 Sulzemoos
Tel. +49 (0) 8135 938-315
Fax: +49 (0) 8135 938-399
a.leiner@phoenixsolar.de
www.phoenixsolar.de
Amtsgericht München HRB 129117
Ust-ID Nr. DE 812868419
DGAP 26.02.2008
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Language: English
Issuer: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 8
85254 Sulzemoos
Deutschland
Phone: +49 (0)8135-938-000
Fax: +49 (0)8135-938-099
E-mail: kontakt@phoenixsolar.de
Internet: http://www.phoenixsolar.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-News: Phoenix Solar Aktiengesellschaft signs module supply contract with Signet Solar GmbH
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