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Solon acquires italian solar module manufacturer

Solon AG is taking over S.E. Project Srl, an Italian company that manufactures and distributes solar modules. The purchase will take effect as of January 1, 2006 as a capital increase in the form of a non-cash capital contribution.

A purchase price of 500,000 shares in Solon AG has been agreed on. S.E. Project is one of the suppliers of solar modules and solar system technology on the Italian market, with production capacities of 10 megawatts and anticipated annual revenues of EUR 80 million for 2006.



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