Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten

euro adhoc: Solar-Fabrik AG
other
Polysilicon Supply Agreement with Hoku is terminated

--------------------------------------------------------------------------------
  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
-------------------------------------------------------------------------------- 

Contracts

04.09.2008

Ad hoc Announcement pursuant to Sec. 15 German Securities Trading Act dated 4 September 2008

On 4 September 2008, Hoku Materials, Inc. ("Hoku") has terminated the Polysilicon Supply Agreement between Hoku and Global Expertise Wafer Division Ltd. (GEWD), a 100% subsidiary of Solar-Fabrik AG, following Hoku and GEWD's inability to agree upon the terms of an amendment to the Supply Agreement concerning Hoku's financing requirements. Under this Supply Agreement Hoku had agreed to deliver polysilicon to GEWD starting at the end of 2009. As a consequence of the termination, Hoku is obligated to refund a prepayment in the amount of USD 2 million as well as to return a letter of credit in the amount of USD 25 million to GEWD. In addition, there are no further rights or obligations of the parties under the Supply Agreement.

end of announcement                               euro adhoc
-------------------------------------------------------------------------------- 

Further inquiry note:

Martin Schlenk
Tel. +49(0)761 4000 207
E-Mail: m.schlenk@solar-fabrik.de

Branche: Alternative energy
ISIN: DE0006614712
WKN: 661471
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse München / free trade



Weitere Meldungen: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten

Das könnte Sie auch interessieren: