Solar-Fabrik AG

euro adhoc: Solar-Fabrik AG
Polysilicon Supply Agreement with Hoku is terminated

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Ad hoc Announcement pursuant to Sec. 15 German Securities Trading Act dated 4 September 2008

On 4 September  2008,  Hoku  Materials,  Inc.  ("Hoku")  has   terminated  the Polysilicon Supply Agreement between Hoku and Global Expertise  Wafer  Division Ltd. (GEWD), a 100% subsidiary of Solar-Fabrik AG,  following  Hoku  and  GEWD's inability to agree upon the terms  of  an  amendment  to  the  Supply  Agreement concerning Hoku's financing requirements. Under this Supply Agreement Hoku  had agreed to deliver polysilicon to  GEWD  starting  at  the   end  of  2009.  As  a consequence of the termination, Hoku is obligated to refund a prepayment in  the amount of USD 2 million as well as to return a letter of credit  in  the  amount of USD 25 million  to  GEWD.  In  addition,  there  are  no  further  rights   or obligations of the parties under the Supply Agreement.

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ots Originaltext: Solar-Fabrik AG
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Further inquiry note:
Martin Schlenk
Tel. +49(0)761 4000 207

Branche: Alternative energy
ISIN:      DE0006614712
WKN:        661471
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Stuttgart / free trade
              Börse München / free trade

Weitere Meldungen: Solar-Fabrik AG

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