EANS-News: aleo solar AG / aleo solar AG celebrates 10-year anniversary: 1 gigawatt produced, 1,000 jobs created

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Company Information

Prenzlau/Oldenburg (euro adhoc) - aleo solar AG has reached a
milestone almost exactly ten years after its formation: last week the
total rated output of modules manufactured by aleo solar passed the
one gigawatt mark - equivalent to the output of a nuclear power
plant. The total power is spread across some five million solar
modules.

S.M.D Solar-Manufaktur Deutschland GmbH & Co. KG - aleo solar's
predecessor company - was registered in the Commercial Register on 18
October 2001. In December 2001 the first sod was turned at the
Prenzlau factory, and in July 2002 module production commenced. The
annual production capacity continually increased from the initial
figure of 15 megawatts, reaching 390 megawatts at the end of 2011.
More than 1,000 jobs were created at the three manufacturing
facilities and nine sales offices throughout the world. "Thanks to
its hands-on employees and a clear focus on market requirements, the
small module maker has grown to become one of Europe´s largest
manufacturers of solar modules," says York zu Putlitz, CEO of aleo
solar AG. "With our ten-year history, we are one of the more
experienced players in what still is a young solar power industry.
This means that our 1,500 customers worldwide benefit from our
expertise in terms of product quality and customer advice." The Bosch
Group became aleo solar´s main shareholder about two years ago. The
technology group´s stake in aleo solar is a validation of the
company´s successful development.

The solar modules manufactured by aleo solar produce around one
terawatt-hour of clean solar electricity per year, which is
approximately equivalent to the electricity consumption of 285,000
three-person households. aleo modules also make an impressive
contribution to climate protection: taking the German electricity mix
as a basis for comparison, they prevent some 584,000 tonnes of carbon
from being released into the atmosphere per year. Over a service life
of 25 years - the length of the aleo solar performance guarantee -
this amounts to more than 14 million tonnes of CO2.

Further inquiry note:
Hermann Iding
Corporate Communications
Tel.: +49 (0)441-21988-390
E-Mail: Invest@aleo-solar.de

end of announcement euro adhoc
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company: aleo solar AG
Gewerbegebiet Nord, Marius-Eriksen-Straße 1
D-17291 Prenzlau
phone: +49(0)441 21988-0
FAX: +49 (0)441 21988-69
mail: invest@aleo-solar.de
WWW: http://www.aleo-solar.de
sector: Alternative energy
ISIN: DE000A0JM634
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English