Ad hoc: Q-Cells SE: Q-Cells and LDK Solar announce continuation of supply contract for solar wafer

2009-12-04 13:02:49 -
London, December , 04, 2009
Q-Cells SE / Contract / Ad hoc: Q-Cells and LDK Solar announce 
continuation of supply contract for
solar wafer
  
Ad hoc announcement according to §15 WpHG processed and transmitted 
by Hugin. The issuer is solely responsible for the content of this 
announcement.     
   
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Bitterfeld-Wolfen (Germany), Xinyu City (China) and Sunnyvale
(Calif.), 4 December 2009:

Q-Cells SE and LDK Solar Co., Ltd. jointly announce that the two
companies have reached an agreement to continue their supply contract
for solar wafers from 2009 to 2018. During recent amicable
negotiations, the two companies resolved all differences of opinion
over the interpretation of the agreement and neither side will pursue
legal action. Q-Cells also agreed to no longer pursue measures to
collect the bank guarantee. Joint business activities between the two
companies remain unchanged.

Q-Cells and LDK Solar have agreed to increase the flexibility of
delivery schedule. Flexible pricing based on market levels and
Q-Cells' preferred customer status will apply for the entire
remainder of the contract term. A portion of shipments scheduled in
the years 2009 to 2011 have been postponed to the period 2012 to
2018. Q-Cells will therefore receive around 20% in the current year
and at least one third of the originally agreed volumes in 2010 and
2011. Q-Cells also has the option to increase these volumes if
needed. The total delivery volume for the entire ten-year term
remains unchanged at around 6 GWp. In addition to the amendment, the
parties have finalized an agreement to expand their cooperation in
the areas of cell and module processing. Q-Cells will supply solar
cells to LDK Solar on a tolling basis and LDK Solar will supply
modules to Q-Cells on the same basis.

Contact information:
Q-Cells SE
OT Thalheim
Sonnenallee 17 - 21
06766 Bitterfeld-Wolfen, Germany
www.q-cells.com

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

Corporate Communications:
Ina von Spies
Phone: +49 - (0)3494 - 6699 10121
presse@q-cells.com


 
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Q-Cells SE
 OT Thalheim, Sonnenallee 17-21  Bitterfeld-Wolfen 
Germany

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