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Solar-Fabrik AG

euro adhoc: Solar-Fabrik AG
Mergers - Acquisitions - Takeovers
Entering of Solar-Fabrik AG into solar cell production is perfect!

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
21.06.2006
Today, the entering of Solar-Fabrik AG (ISIN: DE0006614712) into
solar cell production is perfect. Solar-Fabrik AG holds 33 1/3 % of
the shares of Solar Energy Power Pte. Ltd., Singapore, (shortly:
"SEP") via its newly founded 100% subsidiary Solar-Fabrik Services
Pte Ltd. of Singapore.
In the following we briefly reflect the major subject terms of the
contract. Details given in the Letter of Intent from the 12th May of
2006 have been realized consequentially: In mid-2005, SEP was founded
in Singapore by Dr. Freddy Goh with a cell production capacity of 10
MW; it began production in March of 2006. By the end of 2007,
capacity is to be expanded to 25 MW. Solar-Fabrik will supply SEP
with wafers via the Group's subsidiary Global Expertise Wafer
Division Ltd.
Some 2.5 million EUR was agreed as the purchase price for 33 1/3% of
the shares of SEP (including investments in capacity expansion).
Furthermore, Solar-Fabrik Services will hold majority of shares in
SEP by 12/31/2007 at the latest and will hold 90 % of the shares of
SEP. Because of existing IFRS rules SEP will already be fully
consolidated in 2006.
Solar-Fabrik will benefit from this holding in several ways:
• Profit margins will improve as the state-of-the-art solar cell
production process both increases the efficiency of the cells and
reduces the reject rate.  • All of the solar cells that SEP
manufactures to fulfill the quality requirements of Solar-Fabrik AG
will flow into Solar-Fabrik's production process.
This takeover will already contribute approximately an additional
500,000 EUR to Solar-Fabrik AG's profit in 2006.
end of announcement                               euro adhoc 21.06.2006 12:27:12

Further inquiry note:

Martin Schlenk
Tel. +49(0)761 4000 207
E-Mail: m.schlenk@solar-fabrik.de

Branche: Alternative energy
ISIN: DE0006614712
WKN: 661471
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade

Plus de actualités: Solar-Fabrik AG
Plus de actualités: Solar-Fabrik AG