First Solar Exercises Options to Increase Sales Volumes and Extend Contracts Through 2012
PHOENIX, Dec 18, 2006 (PrimeNewswire via COMTEX News Network)
source Press Release
http://investor.firstsolar.com/releasedetail.cfm?ReleaseID=222805
First Solar, Inc. (Nasdaq:FSLR) today announced that the Company has exercised options to increase sales volumes and extend contract terms under each of its six long-term supply contracts. By exercising the options, First Solar has increased the sales volumes under the contracts to an aggregate of 1,270MW with 1,240MW remaining to be shipped between 2007 and 2012.
About First Solar
First Solar, Inc. (Nasdaq:FSLR) manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions and peak time grid constraints.