aleo solar AG

aleo solar AG signs solar module contract worth over EUR 30 million

Supply and cooperation agreement with GILDEMEISTER subsidiary a+f GmbH

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today announced that it has signed a supply and cooperation agreement with a+f GmbH. a+f GmbH is a subsidiary of the GILDEMEISTER technology group, the world's leading manufacturer of metal-cutting machine tools. a+f GmbH launched its SunCarrier on the market in 2006. The SunCarrier is a sun-tracking carrier system for solar modules. a+f GmbH needs solar modules to equip its SunCarriers for several large projects in southern Europe. The company has chosen aleo solar as its supply and cooperation partner for these projects. aleo solar will provide its high-quality solar modules under the terms of a supply contract worth over EUR 30 million. The first joint project will be carried out between autumn 2007 and summer 2008. The agreement will bring in over EUR 20 million in 2008.

Thomas Petsch, managing director of a+f GmbH, believes the quality standards of the solar module manufacturer will be of great benefit to this cooperation. "aleo solar  AG was our first choice for large international projects due to the quality of its products and the high yield of its modules. The PLC-controlled SunCarrier automatically orients itself on the position of the sun, allowing it to achieve a 32% increase in performance over fixed elevated systems. The international orientation of aleo solar AG fits well with our strategy in southern Europe. We'll take this journey together."

Jakobus Smit, chairman of the Management Board of aleo solar AG, is confident as well. "aleo solar AG can now offer turnkey, multi-megawatt projects. The SunCarriers are distinguished by their long lifespan and low maintenance requirements. Through this cooperation, we'll gain additional experience in large-scale projects with a powerful partner at our side. We want to continue to grow internationally, and this year we will have generated around 30% of our revenue abroad. We anticipate strong demand in Greece as well as Spain.".

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ots Originaltext: aleo solar AG
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Branche: Alternative energy
ISIN:      DE000A0JM634
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