Solar Semiconductor announces Supply Contract with Q-Cells 

Press Release

Solar Semiconductor announces Supply Contract with Q-Cells Solar Semiconductor, an international company with offices in Sunnyvale, CA, USA and Hyderabad, India, has signed a multi year agreement with Q-Cells AG of Germany, for the supply of approximately $170M of 156 mm Mono and Multi-Crystalline cells. These cells will be used for high quality module production in Solar Semiconductor’s new highly automated Solar PV Module manufacturing plant in India.

Hari Surapaneni, the Chief Executive Officer of Solar Semiconductor commented- “Q-Cells is known for providing high quality solar cells and we are excited about being engaged in this strategic partnership. Reliable, consistent and high quality A-grade cell supply is of strategic importance for Solar Semiconductor to ensure our commitment to deliver high Quality and high efficiency PV Modules to our customers across the world. With this business partnership with Q-Cells, we will be able to achieve our objectives and business goals. We have aggressive ramp up plans beyond 50 MW for module production, immediately doubling at the beginning of year 2008 and rapidly expanding in the coming years. It is important to choose a partner whose vision and technology road map is consistent with ours”.

Anton Milner, Chief Executive Officer of Q-Cells commented: ”We are delighted to have a business partner like Solar Semiconductor, whose expertise and presence in a key potential market like India and other international markets will be important for Q-Cells to further expand our position in new and growing international markets.

About Solar Semiconductor:
Solar Semiconductor, an international company established in the year 2005, offers innovative, quality products and services to the global Solar PV market. Unwavering commitment to customers is at the core of Solar Semiconductor’s mission. High degree of manufacturing automation and a comprehensive technology road map enable Solar Semiconductor to address customers’ current and future needs.

About Q-Cells:
Q-Cells AG is the world’s largest independent producer of solar cells and the second largest overall. In 2007 the company with its 1,300 employees plans to produce 370 MWp of mono- and polycrystalline cells. Q-Cells supplies independent module producers worldwide with high quality solar cells. Q-Cells is very active in Research & Development and aims at reducing the costs of Photovoltaic technology rapidly. The company has its own Research Centre for the development of new generations of solar cells. With several subsidiary and associate companies Q-Cells also develops and commercializes different new thin-film technologies.

For further details contact:
Jake Buddhavarapu
Solar Semiconductor Inc.
1292 Kifer Road, Suite 808,
Sunnyvale, CA 94086, USA
Email: jagadish.buddhavarapu@solarsemiconductor.com
Tel: +1 650 521 4308