July 18, 2008

Sunnyvalle, CA, USA: Solar Semiconductor Announces AS Solar GmbH as a Strategic Partner

Solar Semiconductor, a rapidly growing producer of photovoltaic modules, is partnering with AS Solar GmbH, a re-seller of solar PV products in Europe. Under this partnership Solar Semiconductor will supply to AS Solar, its high-quality modules for the European market. This multi-year partnership is valued at approximately $695 Million US (over EUR 445 M).

"Solar Semiconductor has achieved phenomenal success in the European market in a very short period of time primarily due to our emphasis on quality and partnering with companies which value quality and customer service above everything else. In AS Solar we have such a partner," said Hari Surapaneni, Founder and CEO of Solar Semiconductor. "We take great pride in our people, processes and partners. Insisting on the highest caliber in these three areas, combined with uncompromising attention to raw material quality, ensures a superior product that stands the test of time. Discriminating customers such as AS Solar appreciate the Solar Semiconductor difference."

"AS Solar owes its success to marketing only premium products and systems that are designed to last. Solar Semiconductor's strong commitment to performance and quality is very impressive and we are pleased to partner with them for the benefit of our European customers," commented Thomas Rust, CEO of AS Solar. "In addition to Solar Semiconductor's emphasis on superior products and service, their vision of social responsibility also matches our own support of environmental projects."

Further details about: Solar Semiconductor and AS Solar GmbH