aleo solar AG

aleo solar extends supply contracts with Q-Cells

Module manufacturer secures a further 110 MWp of solar cells

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG has signed a contract package with Q-Cells AG, doubling the delivery volume of solar cells under two existing contracts. Only a few days ago, aleo solar announced the conclusion of a supply contract with Q-Cells for its Spanish manufacturing subsidiary in Barcelona. All in all, aleo solar has now signed medium- and long-term contracts with a total of three prominent suppliers. The total volume of contractually secured solar cells for the next 10 years amounts to well over 600 MWp.

Jakobus Smit, CEO of aleo solar AG, explained "Reliable cell supplies are a strategic necessity that we have achieved with this long-term contract. This strengthens our position in the European photovoltaic technology market and shows that our ‘pure player’ strategy is paying off. Our approach is not based on capital-intensive and time-costly backwards integration, but rather concentrates on economies of scale. We are focusing our resources on building and expanding our production capacities, which will lead to rapid organic growth."

Heiner Willers, Smit’s fellow member of the Management Board, commented: "The aleo brand is internationally recognised for its high quality. For this reason the pool of potential suppliers is highly restricted. Contracts like the one with Q-Cells ensure that we can continue to sustainably guarantee our high quality in the coming years." aleo solar AG distributes its products in Germany via a country-wide network of fitters. In Spain the Company also supplies utilities and renewable energies groups.

Contact: Investor Relations: aleo solar AG | Franz Nieper | Osterstr. 15 | 26122 Oldenburg | Germany T +49 (0) 441 219 88 - 77 | F +49 (0) 441 219 88 - 69 E |

Communications Agency: HOSCHKE & CONSORTEN | Andreas Hoschke | Deichstr. 29 | 20459 Hamburg | Germany T +49 (0) 40 36 90 50 - 55 | F +49 (0) 40 36 90 50 - 10 E |

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ots Originaltext: aleo solar AG
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Further inquiry note:
Yvonne Meyer
Investor Relations, Legal & Compliance
Gewerbegebiet Nord
17291 Prenzlau
Telefon:    +49(0)441-21988-77
Fax:          +49(0)441-21988-69

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-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

Weitere Meldungen: aleo solar AG

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