euro adhoc: Sunways AG / other / Sunways AG: Strategic agreement for raw material supply with LDK Solar Co., Ltd. signed

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Contracts

24.09.2007

- 10-year supply contract signed with LDK Solar for a total output of
one Gigawatt; delivery starts in 2008 - Siemens-reactors and
associated equipment for a polysilicon production plant including
substantial support services sold to LDK Solar - Reliable and
economically advantageous raw material procurement secured

Sunways has closed a bilateral agreement with the leading Chinese
manufacturer of solar silicon wafers, LDK Solar: Sunways sells its
two Siemens-reactors together with all associated plant equipment to
LDK Solar. Also part of the contract will be substantial support
services for the installation and start-up of a silicon productions
facility, which is to be extended to its full capacity of 1,000 tons
in the course of 2008. In addition to the reactor agreement, LDK
Solar will deliver approximately 1,000 Megawatt of multicrystalline
solar wafers to Sunways over a ten year period starting in 2008. The
cooperation with LDK, one of the leading global manufacturers of
silicon wafers, ensures a long-term and economically advantageous raw
material provisioning for Sunways. Sunways was able to close the
long-term supply agreement at favourable conditions. Down-payments
have been agreed specifically according to the overall project
volume. Both parties have agreed not to disclose details on the
contract terms and conditions.

end of announcement euro adhoc 24.09.2007 09:33:48
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ots Originaltext: Sunways AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Astrid Forst
Tel.: +49 (0)7531 99677 480
E-Mail: ir@sunways.de

Branche: Alternative energy
ISIN: DE0007332207
WKN: 733220
Index: CDAX, Prime All Share, Technologie All Share
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