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EANS-News: aleo solar AG to expand sales operation in North America and supply US with solar modules

Prenzlau/Oldenburg (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
companies
aleo solar AG today announced that
it will expand its presence in the United States to capitalize on the
emerging boom for renewable energy in this market. In signing the 
"American Recovery and Reinvestment Act" in February, Barack Obama 
introduced a package of strategies that will also work as a catalyst 
for the solar energy market. The Act, with a volume of USD 787 
billion, is designed to stimulate public transport, energy production
and other infrastructure projects in the United States. Several 
billion dollars have been allocated to green energy programs, with 
solar installations enjoying tax breaks and "commercial systems" 
receiving direct investment subsidies of up to 30 percent.
aleo solar AG is anticipating a boom in photovoltaic plants as a 
result of the improved conditions. "The planned subsidy system is 
truly direct: anyone installing a solar power facility will be handed
a check shortly afterwards," said Jakobus Smit, aleo solar´s CEO, 
forecasting that "even in 2009, the US market is likely to more than 
double in size to at least 700 megawatts. By 2010 at the latest, the 
US solar market will really get into gear." Additionally, the high 
levels of insolation in many regions of the US provide an enormous 
potential for photovoltaics.
The anticipated growth of the US solar market comes just at the right
time for the German premium module manufacturer: "We will be present 
in the United States' key photovoltaic regions, supply high-yield 
modules and provide American installers with services ranging from 
system design and layout to marketing support, in order to enable 
optimum system performance", announced Smit. aleo solar AG has 
maintained a sales presence in North America since 2006. In the last 
months the solar module specialist has already supplied 325 kilowatts
of solar modules for several contracts involving private consumer 
installations and industrial rooftop plants in the US state of 
California and in Mexico, including a 174 kilowatt solar power plant 
on the roof of a Walmart supermarket in Aguascalientes. Each of aleo 
solar's authorized specialist dealers is a member of the "aleo power 
network." Benefits of the network include the use of aleo solar's 
expertise in the systems business as inverters and mounting systems 
can be ordered in addition to modules.
end of announcement                               euro adhoc

Further inquiry note:

Franz Nieper
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-770
E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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