Solar Semiconductor Announces Strategic Partnership With IBC SOLAR AG

SUNNYVALE, CA--(Marketwire - March 28, 2008) - Solar Semiconductor, a rapidly growing producer of high-quality photovoltaic (PV) modules, today announced a strategic partnership with IBC SOLAR AG, a premium distributor and Systems Integrator of Solar PV products in Europe. This strategic partnership is valued at over $575 million (US dollars) over the next three years.

A Win-Win partnership for Solar Semiconductor and IBC SOLAR AG

"Solar Semiconductor is known for its high-quality PV modules and has a strong presence in European as well as other international markets. Offering high-quality products has been the key differentiator for IBC SOLAR.AG. So it is a natural synergy for these two companies to come together in a mutually-beneficial partnership," said Mr. Nava Akkineni, executive vice president at Solar Semiconductor.

"We have been growing rapidly in recent years and will continue that growth in the coming years. So it is essential for IBC SOLAR AG that we have a stable supplier of high-quality modules, whose growth plans and product road map align well with our own growth plans and requirements. In Solar Semiconductor, we have found a strong partner willing to listen and respond to varying requirements of our customers," commented Mr. Christian Lieberth, vice president purchasing & product management of IBC SOLAR AG.