Solar Semiconductor announces IBC SOLAR AG as a strategic partner

HYDERABAD / SUNNYVALE, CALIF. - March 27, 2008

Solar Semiconductor, a rapidly growing producer of high-quality photovoltaic (PV) modules, today announced a strategic partnership with IBC SOLAR AG, a premium distributor and Systems Integrator of Solar PV products in Europe. This strategic partnership is valued at over INR 2300 crores (US$ 575 million) over the next three years. 

A Win-Win partnership for Solar Semiconductor and IBC SOLAR AG

"Solar Semiconductor is known for its high quality PV modules and has strong presence in European and other international markets. Offering only high quality products has been the key differentiator for IBC SOLAR.AG. So it is a natural synergy for these two companies to come together in a mutually beneficial partnership", said Mr. Nava Akkineni, Executive Vice President at Solar Semiconductor.

"We have been growing rapidly in the recent years and will continue that growth in the coming years. So it is essential for IBC SOLAR AG that we have a stable supplier of high quality modules, whose growth plans and product road map align well with our own growth plans and requirements. In Solar Semiconductor, we have found a strong partner willing to listen and respond to varying requirements of our customers." commented Mr. Christian Lieberth, Vice President Purchasing & Product Management of IBC SOLAR AG.

About Solar Semiconductor
Solar Semiconductor, a global company produces innovative, high-quality PV modules using mono- and multi-crystalline cells and offers its products and services to the worldwide solar PV module market. As a socially responsible, global energy producer, Solar Semiconductor offers an unwavering commitment to its customers. Awarded the prestigious ISO 9001 certification for its automated manufacturing plant Solar Semiconductor focuses its attention on customers' power and efficiency needs for today and tomorrow. For more information, visit www.solarsemiconductor.com

About IBC SOLAR AG
For over 25 years, IBC SOLAR AG has been a global leader in Solar PV Power and is now regarded as a global solar power technology brand. IBC SOLAR AG provides a complete "performance spectrum" in regard to generating power from sunlight. From the initial planning phases through to delivering fully functional turnkey solar power plants, IBC SOLAR AG solutions will meet any unique need. More than 10,000 active systems situated all over the world stand out as testimonials to the expertise and high quality that characterize IBC SOLAR AG. 

Product and service names mentioned herein are the trademarks of their respective owners.

Media Contact for Solar Semiconductor
Donna Candelori
Candelori Communications Inc.
T: +1 408-774-3414
dcandelori@candelori.com

Media Contact for IBC SOLAR AG
Katja Letsch
T: +49 9573-9224-730
katja.letsch@ibc-solar.de