7C Solarparken AG

M&A Activity • Aug 18, 2006

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Corporate | 18 August 2006 08:56

International Expansion increases more dynamically than planned

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Reinecke + Pohl Sun Energy AG consequently realizes its strategy of international expansion. During the last few months, the representative office of Reinecke + Pohl Sun Energy AG in Shanghai could not only establish important contacts on the supply as well as on the selling side in China, it has also just signed an important contract on the design of a 3 megawatt photovoltaic plant in South Korea. Both contract partners consider this project to be the beginning of a long-term co-operation in further major projects in Southeast Asia. In the booming Spanish Photovoltaic market Reinecke + Pohl Sun Energy AG realized a turnover of EUR 2.9 Mio in the first six months of the year. During the last few days, further sales contracts were signed for a turnover volume in total of more than EUR 10 Mio, which will be delivered in the second half of this year. Taking these sales into account, the original planning for the international turnover in 2006 is already considerably exceeded. Moreover, Reinecke + Pohl Sun Energy AG is in the process of negotiating further projects, which are also to be realized still this year. “We choose the projects according to our international strategy to establish long-term partnerships with promising local system integrators,” says Martin Schulz-Colmant, Speaker of the Executive Board. “This is the way how we will develop – apart from the booming Spanish market – the growing Southern European markets such as Italy, Greece or France.’ Reinecke + Pohl Sun Energy Group is one of the leading manufacturer independent system providers in the photovoltaic sector. Its subsidiaries plan and design turnkey solar power plants for institutional and private investors at home and abroad. The company was founded in 2005 and is listed in the Prime Standard of the German Stock Exchange. Reinecke + Pohl Sun Energy AG Susanne Kostorz Große Elbstraße 45 22767 Hamburg Tel. 040/696528-134 Fax: 040/696528-159 E-Mail: kostorz@rpse.de www.rpse.de Reinecke + Pohl Sun Energy AG ISIN: DE0005250708 WKN: 525070 Regulated market, Stock Exchange Frankfurt (Prime Standard) and Stock Exchange Düsseldorf Xetra (continuous trading) (c)DGAP 18.08.2006 ————————————————————————— Language: English Issuer: Reinecke + Pohl Sun Energy AG Große Elbstraße 45 22767 Hamburg Deutschland Phone: +49(0)40696528-134 Fax: +49(0)40696528-159 E-mail: kostorz@rpse.de WWW: www.rpse.de ISIN: DE0005250708 WKN: 525070 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard), Düsseldorf; Freiverkehr in Berlin-Bremen, Stuttgart, München End of News DGAP News-Service —————————————————————————