Friday, June 6, 2008

Timminco Announces Supply Relationship With Canadian Solar Inc.

TORONTO, ONTARIO, Jun 02, 2008 (MARKET WIRE via COMTEX) ----Timminco Limited ("Timminco") today announced that its wholly-owned subsidiary, Becancour Silicon Inc. ("BSI"), has identified that Canadian Solar Inc. ("CSI") is one of its customers, under the long term supply agreement announced by Timminco on April 4, 2007. BSI and CSI have together achieved certain milestones with respect to delivery, consistency and quality of BSI's solar grade silicon. CSI is expected to purchase up to 5,000 metric tons of solar grade silicon through 2011 at a price substantially less than the current contract prices for polysilicon. BSI has delivered 16 metric tons of solar grade silicon in 2007 and expects to deliver 450-500 metric tons to CSI in 2008.

Dr. Shawn Qu, Chairman and CEO of CSI commented: "BSI is a leading silicon producer and we are pleased to have collaborated with them on solar grade silicon since early 2007. In making this announcement we have together achieved a technical landmark in the PV industry."

"We are very happy to announce our relationship with CSI as a strategic partner in the development of our solar grade silicon." said Mr. Rene Boisvert, President and CEO of BSI. "We are pleased to have achieved the necessary milestones to permit commercialization by CSI of their use of our product."

Timminco is a leader in the production and marketing of lightweight metals, specializing in solar grade silicon for the rapidly growing solar photovoltaic energy industry. Using its proprietary technology, Timminco processes metallurgical grade silicon into low cost solar grade silicon for use in the manufacture of solar cells. Timminco also produces silicon metal, magnesium extrusions and other specialty metals for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries.

Founded in 2001, CSI is a vertically integrated manufacturer of solar module and customer-designed solar application products serving worldwide customers. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications.

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