DGAP-News: Sinosol AG: New Thin-Film partnership with Auria Solar. Sinosol AG signs additional delivery contract for 34 MW PV modules.

Sinosol AG / Contract/Strategic Company Decision

27.05.2009

Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Frankfurt am Main 27.05.2009 - Sinosol AG and the Taiwan based Auria Solar
Co. Ltd. will sign a module supply agreement with a volume of 34 MW on the
‘Intersolar’ fair in Munich. The contract has a duration until 2011 and
covers the delivery of micromorph thin-film modules with a module output up
to 130 Wp.

Auria Solar, a company pioneering in research, development and production
of micromorph thin-film solar modules, is active exclusively in the
development of micromorph modules since the beginning of their module
production in the year 2008. ‘The exclusive focus on development and
manufacturing of micromorph modules, the company background and the very
promising strategic orientation of Auria Solar are our main motivation to
include these high-performance thin-film solar modules into our product
portfolio’, emphasizes Sven P. Krug, Member of the Executive Board of
Sinosol AG , the new partnership.

‘The proven and long-term tested technology of Oerlikon combined with an
experienced team of solar professionals leave no doubt concerning the
reliability and quality of Auria’s products’ affirms Karl-Heinz Tönges,
Vice President, responsible for thin-film technology within Sinosol Group,
who has also inspected Auria Solar’s manufacturing plant. By the end of
2009 Auria Solar will have expanded its manufacturing capacity to 60 MWp.

‘We have proven once again that our technologically leading micromorph
thin-film PV modules with their excellent cost-performance ratio definitely
fulfill market needs. We are following the extremely positive development
of Sinosol group at a view time and we are sure with our new partner and
the right access to the markets, but more specifically to the project
business to have found. Both companies have the unconditional will to
succeed, while responsibility for quality of their service and products, we
look forward to the common future of our companies, ’said Dr. Tsai, CEO of
Auria Solar about the new partnership with the Sinosol AG.

Sinosol Group:
Sinosol-Group is an international provider of photovoltaic systems and
solutions as well as a project developer and turn-key solution provider of
solar parks. Sinosol has extensive experience in planning and
implementation of numerous international major projects, including a solar
park in southern Spain. In 2008 Sinosol group has planned and realized one
of the world’s largest solar parks with 15 MWp in southern Spain. As a
German-Chinese group it benefits from established networks in both home
markets, in sourcing as well as in sales. The activities of the Sinosol
Group are currently focused on the European and Chinese markets. The annual
turnover for the last financial year of Sinosol AG was EUR 122 million.

Auria Solar
Auria Solar Co. Ltd. is a company pioneering in research, development and
production of micromorph thin-film solar modules. With its own innovations
and state-of-the-art technologies, Auria Solar has been able to produce
modules with stabilized 120W output power and nine percent conversion
efficiency from its superior production line, and more than 20 patents have
been filed for these world-class high-efficiency modules. The objectives of
Auria Solar are to manufacture photovoltaic modules of ten percent
stabilized efficiency by 2010 and to reach the grid-parity, US$ 1/Wp, by
2011. Auria Solar aims to offer the world with sustainable energy by
high-efficiency, high quality, and low-cost micromorph photovoltaic
modules.

Contact:

Sinosol AG
Karl-Heinz Tönges
Telefon: +49 69 2440 425 0
Fax: +49 69 2440 425 15
Email: toenges@sinosol.com

27.05.2009 Financial News transmitted by DGAP

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Language: English
Issuer: Sinosol AG
Friedrichstr. 8
70174 Stuttgart
Deutschland
Phone: +49 711 722 33 900
Fax: +49 711 722 33 909
E-mail: info@sinosol.com
Internet: www.sinosol.com
ISIN: DE000A0JEQK6
WKN: A0JEQK
Listed: Regulierter Markt in Frankfurt (Prime Standard)

Notierung vorgesehen / Designated to be listed

End of News DGAP News-Service

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