aleo solar AG

euro adhoc: aleo solar AG
Joint Ventures/Cooperation/Collaboration
aleo solar AG establishes joint venture with Sunvim Group Co. Ltd. to build solar module plant in China

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Company Information

22.02.2008

Oldenburg/Prenzlau. aleo solar AG [ISIN: DE000A0JM634] today announced that it has signed a joint venture agreement with Sunvim Group Co. Ltd. (SZSE: 002083) for the construction of a solar module production plant in Gaomi (Shandong province). One aspect of the agreement is the foundation of avim solar Co. Ltd., a joint venture owned in equal parts by the two partners.

avim solar Co. Ltd. will complete the module production plant by the end of 2009. aleo solar AG will be responsible for providing the solar cells for the plant, which will initially have a capacity of 50 megawatts. Together with its own production plants in Germany and Spain amounting to a capacity of 180 megawatts by the end of 2009, the aleo solar Group is well prepared for future growth.

The solar modules will be sold exclusively through aleo solar. The goal is to meet the growing demand for solar modules in the growth markets of Asia. Industry experts agree that a market volume of at least EUR 8 billion can be expected in South Korea, Japan and China by the year 2012. aleo solar AG will secure a portion of this market through its joint venture.

The Sunvim Group, a Chinese multi-operation enterprise, is the official licensed manufacturer of textiles for the 2008 Olympic Games in Beijing and a popular supplier for European brands.

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ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.ch

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

Branche: Alternative energy
ISIN:      DE000A0JM634
WKN:        A0JM63
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade



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