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Tuesday, 05/20/2008 1:51:05 PM

Tuesday, May 20, 2008 1:51:05 PM

Post# of 4274
meet increasing demand (QTWW) 1.79 +0.04 : Co announces that its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, is expanding its annual solar module manufacturing capacity to 45 MW (megawatts peak power), in response to increasing demand for photovoltaic power systems in Europe. Asola has successfully secured financing for this expansion, and plans to commission the new, state of the art facility by fall 2008. Together with supply contracts with other major suppliers around the world, the Ersol agreement guarantees a steady supply of solar cells to Quantum and Asola, thereby avoiding any potential future disruptions due to crystalline silicon shortages, as have been recently experienced by the solar cell industry. Resulting sales from these supply agreements are anticipated to generate in excess of $600 mln for Asola and Quantum.
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