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aleo solar enters into agreement with solar cell manufacturer China Sunergy

Prenzlau/Oldenburg (euro adhoc) -

Total of 30 megawatts agreed plus an option for a further 10 
megawatts
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
aleo solar AG has entered into a
supply agreement with Chinese solar cell manufacturer China Sunergy 
Co. Ltd. (Nasdaq: CSUN) for at least 30 megawatts by 2008. The price 
for the first 10 megawatts to be delivered in the first half of 2008 
has already been agreed. The price for the second delivery of 20 
megawatts in the second half of 2008 will be decided by March 2008. 
The agreement also includes an option for a further 10 megawatts. 
Negotiations on this option will be completed by the end of June 
2008. aleo solar will craft the solar cells into high-performance 
solar modules. aleo solar has already purchased a significant number 
of solar cells from China Sunergy in 2007 that have met aleo solar´s 
high quality standards.
Jakobus Smit, CEO of aleo solar AG, is extremely pleased with the 
supply agreement. "We are pleased to have won a focused solar cell 
manufacturer in the shape of China Sunergy as our supplier. Our solar
modules are premium modules that were awarded top rating by the 
German product testing foundation Stiftung Warentest last year. 
Quality is the standard by which we also measure our suppliers. After
the in-depth evaluation of China Sunergy´s solar cells in 2006, we 
have now decided to enter into a supply agreement that represents a 
further element in our strategy for organic growth."
In addition to the supply agreement, both companies are aiming for a 
long-term business relationship. Negotiations on this will be 
completed by June 2008.
end of announcement                               euro adhoc 18.10.2007 06:57:42

Further inquiry note:

Franz Nieper or Yvonne Meyer
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-77
E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Technologie All Share, Prime All Share
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