November 3, 2009

Benissa, Spain: Signet Solar to Ship 10MW of Thin Film Modules

Signet Solar and Spanish Tejados Fotovoltaica de Industriales (TIF) Group, an EPC company based in Benissa, Spain have executed a definitive agreement for supply module to supply Signet TIF to a minimum of 10MW of single junction silicon thin film modules for shipments before the end of June 2010, and a continued supply module relationship for the remainder of 2010 and in future years.

"This agreement will serve as a strong foundation to the successful longstanding relationship between Signet Solar and TIF group in Spain and Italy," said Gunter Ziegenbalg, Managing Director of Signet Solar GmbH, at the signing ceremony. "TIF's extensive market expertise and access to significant equity investors combined with Signet's aggressive approach in helping its customers attain bankability through its debt and equity partners are a perfect fit."

"I am very excited to have as my Signet strategic partner for solar PV deployments," said Klaus Mueller, CEO of Tejados Fotovoltaica de Industriales Group. "Signet's consistent execution to its industry leading roadmap of releasing PV efficiencies and power output for its single junction silicon thin film PV modules has enabled Balance of System (BOS) cost advantages for my company, which I expect will continue to enable higher IRR's for our investors. Based on Signet's 10-15% higher output performance advantage in higher insolation areas such as Italy and Spain, and the bankability of signets modules, now with over 10 debt financers, I am confident I have made the right long term strategic partnership. "

Further details about: Signet Solar