Sinosol AG
Sinosol AG: signs 34 MW contract with SunWell Solar Corporation

Sinosol AG / Contract

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Frankfurt am Main, 25.05.2009 - Sinosol AG has signed a three-year frame
contract with module manufacturer Sun Well Solar for the supply of
thin-film modules. The defined quantity of 34 MWp is for both companies the
largest contract for the supply of amorphous thin-film modules to date.

After long and successful negotiations the two parties are looking forward
to the cooperation, as Sinosol Board Member Sven P. Krug emphasizes: 'Sun
Well Solar has met our very strict and critical selection criteria. Sun
Well Solar is the right partner for Sinosol AG and will help us to reach
our targets in the thin-film segment!'

Both parties are convinced that in addition to the outstanding quality of
the product, an established and well connected distribution network is
required. 'With Sinosol we have a found a strong and established European
partner who can support our growth strategy in to the wholesale market as
well as in the turn-key market for large PV-plants' said Mr. Sunny Hsu, the
Sales and Marketing Director from Sun Well Solar.

The Taiwanese manufacturer produces its thin film modules from amorphous
silicon. By the end of the year, Sun Well Solar expects to produce tandem
modules with a micro-morph crystal structure and with a higher efficiency.

'With this important agreement, we secure access to thin-film modules of
the newest generation. The environmentally-friendly technology of Sun Well
modules and the high quality of production meet all expectations of
Sinosol, its clients and its partners, for a sustainable and reliable  use
in our project and wholesale business, 'said Karl-Heinz Tönges, who is
responsible for thin-film technology within Sinosol AG.


Sinosol AG

Sinosol-Group is an international provider of photovoltaic systems and
solutions as well as a project developer and turn-key solution provider of
solar parks. Sinosol has extensive experience in planning and turn-key
implementation of numerous international major projects, including for
example a 15 MWp solar park in southern Spain.
As a German-Chinese group it benefits from established networks in both
home markets, in sourcing as well as in sales. The activities of the
Sinosol Group are currently focused on the European and Chinese markets.
The annual turnover for the last financial year of Sinosol AG was EUR 122
million.


Sun Well Solar 
Sun Well Solar is a 100% subsidiary of CMC Magnetics Corporation, founded
in July 2007.
As a leading manufacturer in the field of optical storage media, CMC
reacted quickly and decisively to the growing market for the manufacture of
thin-film modules. The production facility for thin-film PV modules is
located in Hwa YA Technology Park in Taoyuan, Taiwan. The first
fully-automated production line was commissioned at the start of 2008 and
has a current capacity of 45 MW per year. To secure sustained and rapid
growth, the company invests in its own research and development. Sun Well
Solar aims to become one of the key suppliers of silicon-based thin-film
modules in the future.


Sinosol AG
Karl-Heinz Tönges
Phone: +49 69 2440 425 0
Fax:   +49 69 2440 425 15
Email: toenges@sinosol.com


25.05.2009  Financial News transmitted by DGAP
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Language:     English
Issuer:       Sinosol AG
              Friedrichstr. 8
              70174 Stuttgart
              Deutschland
Phone:        +49 711 722 33 900
Fax:          +49 711 722 33 909
E-mail:       info@sinosol.com
Internet:     www.sinosol.com
ISIN:         DE000A0JEQK6
WKN:          A0JEQK
Listed:       Regulierter Markt in Frankfurt (Prime Standard)
 
Notierung vorgesehen / Designated to be listed
 
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