Q-Cells and Timminco replace upgraded metallurgical silicon contract

Tuesday, 26. May 2009 07:30
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Bitterfeld-Wolfen, 26 Mai 2009: Q-Cells SE and Timminco Limited,
Toronto/Canada, have reached a new supply agreement for solar grade
silicon. It will replace the agreement signed in 2008 for the
five-year period through 2013. The new agreement contemplates
deliveries of 100 mt of solar grade silicon for the remainder of
2009. Volumes, pricing and other terms for deliveries of solar grade
silicon in the years 2010 to 2013 will be subject to mutual agreement
by the end of 2009 and will be negotiated in the context of
prevailing solar industry market conditions. Timminco will also
return the outstanding deposit of approximately ¤ 8.9 million to
Q-Cells. The companies agreed to a repayment schedule that provides
for full repayment during the year 2010. Timminco will pay interest
on the outstanding balance at an agreed rate.

"We believe in upgraded metallurgical silicon as an important
resource for the production of solar cells in the mid- to long-term
perspective" says Anton Milner, CEO of Q-Cells SE. "Our technical
department is working closely with Timminco to ensure that the
material consistently meets our high quality needs."

"Q-Cells is a valued customer of Timminco." said Rene Boisvert,
President Bécancour Silicon Inc., a subsidiary of Timminco. "We look
forward to continuing to build a long term relationship with Q-Cells
based upon application of our UMG-Si technology."

About Q-Cells SE
Founded in 1999, Q-Cells SE is today the world's biggest manufacturer
of solar cells. In 2008 the company, which currently employs around
2,500 staff, produced mono- and multicrystalline solar cells and
thin-film modules with a total power of 574 Megawatt peak (MWp). More
than 250 scientists and engineers at Q-Cells are working on further
developing the technology in order to attain the company's objective
of rapidly and permanently reducing the cost of photovoltaic and
making the technology affordable and competitive. As well as core
business activities, since mid-2008 several Q-Cells SE subsidiaries
have been producing photovoltaic modules on the basis of various
thin-film technologies. In addition, in 2008 the company has entered
the business of planning and developing large scale Photovoltaic
power plants with its subsidiary Q-Cells International. Q-Cells SE is
building a production plant in Malaysia, has branches in Hong Kong,
China and Japan, is quoted on the Frankfurt stock exchange (QCE; ISIN
DE0005558662) and is listed in the German technology index TecDAX.

Contact details:
Q-Cells SE
OT Thalheim
Sonnenallee 17 - 21
D- 06766 Bitterfeld-Wolfen

Investor Relations:
Stefan Lissner
Tel.: +49 - (0)3494 - 6699 10101
investor@q-cells.com

Public Relations:
Stefan Dietrich
Tel.: +49 - (0)3494 - 6699 10111
presse@q-cells.com



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Q-Cells SE
OT Thalheim, Guardianstr. 16 Bitterfeld-Wolfen
Germany

WKN: 555866; ISIN: DE0005558662; Index: CDAX, GEX, Prime All Share,
TecDAX;
Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in
Bayerische Börse München,
Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr
in Börse Stuttgart,
Regulierter Markt in Frankfurter Wertpapierbörse;
Related Links: Global PVQ SE
Author:
Hugin
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