sunways AG

EANS-News: Sunways AG certifies renowned manufacturer of solar modules

- LDK Solar chosen as an internationally leading company in the sector - Partner produces solar modules based on Sunways quality criteria

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Contracts/Joint Ventures/Cooperation/Collaboration/New Products

Subtitle: - LDK Solar chosen as an internationally leading company in the sector - Partner produces solar modules based on Sunways quality criteria

Konstanz (euro adhoc) - Konstanz, 13 October 2010 - Sunways AG (FWB: SWW; ISIN DE0007332207) and LDK Solar Co., Ltd., Xinyu City, a global leader in the photovoltaic industry, have agreed upon a cooperation in the production of Sunways Solar Modules. As an additional partner, LDK Solar is going to produce the modules using Sunways Solar Cells based on Sunways quality criteria. This will enable Sunways to utilise the cost benefits of a global division of labour while ensuring the high product quality its clients are accustomed to. The signed contract has a volume of 30 megawatts peak over an initial period of one year. Both partners are aiming to extend the contract.

Michael Wilhelm, Chairman of the Management Board of Sunways AG, explained the new cooperation: "The cooperation with LDK Solar opens up new sales opportunities in the national and international markets for us. The certified production ensures that the solar modules fully meet our premium requirements. This expansion of our product portfolio will strengthen Sunways' position in view of increasing competition in the photovoltaic market."

With the extension of its product range Sunways responds to changing requirements of its distribution partners. In addition to solar modules produced in Germany, Sunways will be able to offer a further brand product with the aim of strengthening the competitiveness of its partners in the end-customer market. The cooperation with LDK Solar follows Sunways' consistent focus on quality. The material list was drawn up jointly, and continuous on-site inspections by Sunways were agreed for the future. "Module production at LDK Solar is based on state-of-the-art processes that meet western standards. All certifications required, including an inspection on site, were passed successfully with TÜV Rheinland. In this way we can offer our customers the outstanding quality they expect from us," said Roland Burkhardt, Chief Technology Officer of Sunways, who was closely involved in the process. The first solar modules from this new partnership will be available in the market within a few weeks.

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Forward-looking statements This press release contains statements relating to the future business development of Sunways AG that are based on management assumptions and estimates made at the time of publication. Should the assumptions underlying the prognoses fail to be fulfilled, actual events may vary substantially from forward-looking statements. Uncertainties include changes in the political, legal, economic and business environment, exchange and interest rate fluctuations as well as the behaviour of competitors and other market participants. Sunways does not intend and is not under any obligation to update forward-looking statements on an ongoing basis as these are exclusively based on the circumstances prevailing as of the date of publication.

About Sunways Sunways AG, Konstanz/Germany, stands for consistent use of solar energy to secure long-term energy supply of man in an efficient and sustainable manner. Sunways offers technological competence, performance and highest quality - from single components to complete solar systems. Since its foundation in 1993, Sunways AG evolved into a technology leader in the photovoltaics industry serving international markets. With silicon-based solar cells, inverters, solar modules and solar systems, the company offers all components required for high-yield photovoltaic power generation. With photovoltaic solutions tailored to customers´ needs (transparent and coloured solar cells, building- integrated photovoltaic installations), Sunways turns exceptional ideas into reality. Sunways Production GmbH in Arnstadt/Germany is a subsidiary of Sunways AG; in addition, the group has own branch offices in Barcelone/Spain and Bologna/Italy. In 2009, Sunways AG with about 320 employees realised sales of around EUR 180 million.The shares of Sunways AG are listed at the Frankfurt Stock Exchange (SWW, ISIN DE0007332207). For further information, please visit

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Further inquiry note:
Dr. Harald F. Schaefer
Head of Corporate Communications & Investor Relations
Tel.: +49 (0)7531 996 77-415

Branche: Alternative energy
ISIN:      DE0007332207
WKN:        733220
Index:    CDAX, Prime All Share, Technology All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade

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