aleo solar AG

aleo solar signs contracts in Germany worth EUR 35 million

Company generates best revenue in itÂ’s history in Q4 2006

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG can already report firm orders in Germany for 2007 of EUR 35 million. These orders are for the sale of aleo modules. Corresponding agreements were signed with a number of fitters at the end of December and take effect in 2007. Heiner Willers, member of the Management Board of aleo solar AG, said: "Our business in Germany picked up again significantly in Q4." We were able to run down our inventories to a large extent and will exceed our forecasts for the year. In a buyerÂ’s market, module prices are now again being seen as an incentive for investment, while the mild winter has allowed fitters to continue working to date." Jakobus Smit, the second Management Board member of aleo solar AG, is also cautiously optimistic: "At a strategic level, we are driving forward the internationalisation of our business at full speed. We finished construction of our facility in Spain at the end of last year as planned, and it has now started production. Our bread-and-butter business in Germany is going well. Our total production capacity of 100 MW (Prenzlau 90 MW, Barcelona 10 MW) gives us precisely the capacity we need to service the continued market upturn." The current debate about the reliability of energy supplies underlines the need for renewable energies, and East Germany is turning into a "Solar Valley". aleo solar AG, which is headquartered in Prenzlau, Brandenburg, has approximately 280 employees and holds a 19% stake in the thin-film facility in Brandenburg on the Havel that is currently being constructed by Johanna Solar Technology. This is scheduled to start production of its first silicon-free thin-film modules this year, with the number of employees set to rise from the current figure of 60 to 180 during the first stage of expansion alone.

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ots Originaltext: aleo solar AG
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Further inquiry note:
Franz Nieper
Investor Relations, Legal & Compliance
Telefon: +49(0)441-21988-77

Branche: Alternative energy
ISIN:      DE000A0JM634
WKN:        A0JM63
Index:    CDAX, Technologie All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-WĂĽrttembergische Wertpapierbörse / free trade
              Börse DĂĽsseldorf / free trade
              Bayerische Börse / free trade

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