sunways AG

euro adhoc: Sunways AG
Sunways AG: Strategic agreement for raw material supply with LDK Solar Co., Ltd. signed

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- 10-year supply contract signed with LDK Solar for a total output of one Gigawatt; delivery starts in 2008 - Siemens-reactors and associated equipment for a polysilicon production plant including substantial support services sold to LDK Solar - Reliable and economically advantageous raw material procurement secured

Sunways has closed a bilateral agreement with the leading Chinese manufacturer of solar silicon wafers, LDK Solar: Sunways sells its two Siemens-reactors together with all associated plant equipment to LDK Solar. Also part of the contract will be substantial support services for the installation and start-up of a silicon productions facility, which is to be extended to its full capacity of 1,000 tons in the course of 2008. In addition to the reactor agreement, LDK Solar will deliver approximately 1,000 Megawatt of multicrystalline solar wafers to Sunways over a ten year period starting in 2008. The cooperation with LDK, one of the leading global manufacturers of silicon wafers, ensures a long-term and economically advantageous raw material provisioning for Sunways. Sunways was able to close the long-term supply agreement at favourable conditions. Down-payments have been agreed specifically according to the overall project volume. Both parties have agreed not to disclose details on the contract terms and conditions.

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ots Originaltext: sunways AG
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Further inquiry note:
Astrid Forst
Tel.: +49 (0)7531 99677 480

Branche: Alternative energy
ISIN:      DE0007332207
WKN:        733220
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 Hannover / free trade
              Börse München / free trade

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