Thursday, December 4, 2008

Solar-Fabrik AG signs agreement with JA Solar Holdings Co., Ltd. for the supply of 30 MWp of solar cells

Freiburg (euro adhoc) - Freiburg, 03/12/2008. Solar-Fabrik AG (ISIN: DE0006614712) has entered into an agreement with JA Solar Holdings Co., Ltd of China for the supply of 30 megawatts of solar cells. The agreement initially has a term of one year, though both firms have expressed an interest in extending it.

The agreement specifies a supply of five-inch monocrystalline wafers. However, the contractual volume is to be expanded to include the supply of six-inch monocrystalline and polycrystalline cells. "We are pleased to add JA Solar to our list of high-quality partners for the supply of raw materials", commented Christoph Paradeis, CEO at Solar-Fabrik AG. "Tests conducted in advance of the agreement confirmed the high quality of the firm's solar cells. They fulfill Solar-Fabrik's quality requirements. With JA Solar we have added yet another crucial strategic partner to our team of suppliers that will help us successfully tackle the future challenges of the solar market."

Based in China, JA Solar is a manufacturer of high-performance solar cells and is considered a reliable and quality supplier that has exhibited impressive growth rates and currently has a capacity exceeding 500 MWp.

"We are pleased to be able to work with Solar-Fabrik, a pioneer and quality leader in the international solar industry", explains Ray Wilson, Vice President Sales & Marketing of JA Solar. "These new business relations with the Solar-Fabrik Group strengthen our customer base on the global solar market."

By forming a partnership with JA Solar, Solar-Fabrik has found a partner that can not only keep up with the Group's fast growth on this highly competitive market, but also offers a lot of value for the money. The agreement will allow Solar-Fabrik to expand its market share. In fiscal 2009, Solar-Fabrik plans to ramp up sales of solar panels by at least 70%.

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