ersol wins asola/Quantum as new customer
* Module manufacturer asola Advanced and Automotive Solar Systems GmbH concludes EUR 230 million contract with ersol
* Cell deliveries for a period of 10 years
* Joint focus on the US market with California-based Quantum Fuel Systems Technologies Worldwide, Inc.
Erfurt, 2 November 2007
Source: ersol solar energy, press release
http://www.ersol.de/en/newsmediarelations/pressreleases/pressrelease/news/1193999918/
?tx_ttnews%5BbackPid%5D=227&cHash=2a678ec741
From 2008, ersol Solar Energy AG (ersol) will deliver silicon solar cells to the module producer ASOLA (Advanced and Automatic Solar Systems), based in Erfurt, Germany. To this end, both companies have today signed a long-term supply agreement that will run until 2017. The total volume of the contract amounts to around € 230 million. ersol is scheduled to receive down payments from asola, which will later be credited to the German module producer, when purchasing solar cells, in the form of a purchase price reduction.
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