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Sunfilm AG and Sontor GmbH merge to become one of the leading manufacturers of silicon-based thin film modules in the world

Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this
announcement.
----------------------------------------------------------------------
--------------




The new company, to be known as Sunfilm AG,
- Combines expertise in production and research & development to take
a leading position in the thin film silicon sector,
- Reaches critical size to achieve higher productivity and
accelerated growth, and
- Continues with the full support of its shareholders Q-Cells, Good
Energies and NorSun

Bitterfeld-Wolfen/Grossroehrsdorf, 29 April 2009. Sunfilm AG,
Grossroehrsdorf, and Sontor GmbH, Bitterfeld-Wolfen, merge to become
one of the world's largest providers of tandem junction silicon based
thin film modules. The new company will be named Sunfilm AG. In an
increasingly competitive global photovoltaic market, Sunfilm will
have the necessary size and expertise to significantly profit from
the growing segment of thin film solar. Q-Cells SE, Good Energies and
NorSun AS will be the shareholders of the new Sunfilm and are firmly
committed to supporting the company on its future growth path.

Sontor and Sunfilm merge to become a leading manufacturer of
silicon-based tandem junction thin film modules
With an installed capacity of approximately 85 megawatts peak (MWp)
at the two current production sites in Bitterfeld-Wolfen and
Grossroehrsdorf, plus an additional 60 MWp of capacity under
construction in Grossroehrsdorf, Sunfilm is already one of the
world's largest manufacturers of tandem junction silicon-based thin
film modules. "Thin film is one of the most significant growth areas
within the photovoltaic industry. After the merger, the new Sunfilm
will participate significantly in this growth and we will establish
our company as both a driving force in the market and as a technology
leader", says Wolfgang Heinze, Chief Operating Officer and Chairman
of the Executive Board of Sunfilm AG.

Economies of scale and synergies add to future growth
Sunfilm's size and market position will enable the company to create
a competitive advantage through economies of scale, despite facing an
increasingly crowded market. In addition, Sunfilm can achieve a
variety of cost savings, including those from synergies in purchasing
and those from consolidation of overlapping segments. The combined
expertise in research and development forms an additional clear
competitive advantage. As a result, Sunfilm can accelerate the
further development of thin film technology and reduce production
costs for solar energy in the midterm. "Sunfilm will take a top
position in research and development and will significantly advance
the technology of solar modules with an even higher performance",
according to Dr. Torsten Brammer, Chief Scientist and member of the
Executive Board of the new Sunfilm.

Current shareholders continue to support new company
Q-Cells, the sole owner of Sontor, will hold 50 percent of the new
Sunfilm shares. Q-Cells is a leader within the global photovoltaic
industry and is the world's largest producer of solar cells. "The new
Sunfilm forms a central pillar in Q-Cells' global strategy for thin
film technologies", says Dr. Florian Holzapfel, Board Member of
Q-Cells, responsible for New Technologies. "This powerful merger will
create even more growth momentum in this thin film sector."

Good Energies, a leading global investor in renewable energy and
energy efficiency industries, as well as NorSun AS, a Norwegian
manufacturer of high performance monocrystalline silicon wafers, will
also remain invested in Sunfilm and support the future growth of the
new company. Good Energies will hold about 35 percent of the new
company and about 15 percent will be owned by NorSun. "We believe the
merger is the best way to capitalize on the enormous potential of
tandem junction thin film technology and to establish a leading
company in the market", explains Dr. Sven Hansen, Chief Investment
Officer of Good Energies and Chairman of the Supervisory Board of
Sunfilm.

Strengthening of Germany as a centre of Photovoltaics
The new Sunfilm AG will have production sites in Grossroehrsdorf and
Bitterfeld-Wolfen, while the centre for research and development will
be located in Bitterfeld-Wolfen. The new company now has
approximately 400 employees, but additional jobs will be created in
the midterm as the expansion in Grossroehrsdorf comes on-line. The
merger of the two companies is expected to become legally effective
by the end of May 2009, but is still subject to approval by the
competent antitrust agencies.


About Q-Cells SE
Founded in 1999, Q-Cells SE is today the world's biggest manufacturer
of solar cells. In 2008 the company, which currently employs around
2,500 staff, produced mono- and multicrystalline solar cells with a
total power of 570.4 Megawatt peak (MWp) and supplied them to solar
module producers around the world. More than 250 scientists and
engineers at Q-Cells are working on further developing the technology
in order to attain the company's objective of rapidly and permanently
reducing the cost of photovoltaic and making the technology
affordable and competitive. As well as core business activities,
since mid-2008 several Q-Cells SE subsidiaries have been producing
photovoltaic modules on the basis of various thin-film technologies.
In addition, in 2008 the company has entered the business of planning
and developing large scale Photovoltaic power plants with its
subsidiary Q-Cells International. Q-Cells SE is building a production
plant in Malaysia, has branches in Hong Kong, China and Japan, is
quoted on the Frankfurt stock exchange (QCE; ISIN DE0005558662) and
is listed in the German technology index, TecDAX.
www.q-cells.com

About Sontor GmbH
Founded in 2006, Sontor GmbH, based in Bitterfeld-Wolfen, is a
wholly-owned subsidiary of Q-Cells SE. The company develops, produces
and markets solar modules based on the highly efficient silicon based
tandem junction thin film technology. The modules are 1,8 m2 in size
and available on the market since summer 2008.
www.sontor.com

About Sunfilm AG
Sunfilm AG was established at the end of 2006 and is located in
Grossroehrsdorf, Saxony, Germany. The company develops, produces and
markets photovoltaic modules based on high efficiency tandem junction
silicon-based thin film technology. These modules are up to 5.7m2 in
size, while half-size and quarter-size modules are available as well.
www.sunfilm.com

About Good Energies
Good Energies is a leading global investor in renewable energy and
energy industries. The firm invests in solar, turbine-based
renewables, green building technologies and other emerging areas
within clean energy. Guided by the "3-P" principle of
People-Planet-Profit, Good Energies looks for meaningful, long-term
investments in companies with outstanding growth potential. The
firm's mission is to accelerate the global transition to a low-carbon
economy.
Founded in 2001, Good Energies manages the renewable energy portfolio
of COFRA, a family owned and managed group of companies. Good
Energies currently has 35 investments in its portfolio. The firm
operates globally from offices in London, New York, Toronto,
Washington D.C. and Zug, Switzerland.
www.goodenergies.com

About NorSun AS
NorSun is a Norwegian solar energy company that manufactures and
markets high performance monocrystalline silicon ingots and wafers.
Annual production capacity at the company's modern production
facilities in Årdal, Norway and Vantaa, Finland is expected to exceed
200 MWp by the end of 2009.
NorSun's customers are industry leading manufacturers of high
efficiency solar cells that value quality, innovation and
manufacturing excellence. The company is committed to grow economies
of scale and deliver technological advances that contribute to an
efficient and affordable conversion of sunlight into electricity.
www.norsuncorp.no


PRESS CONTACT
Q-Cells SE/Sontor GmbH, Stefan Dietrich, Sonnenallee 17-21, 06766
Bitterfeld-Wolfen
FON +49 3494 6699.10111 FAX +49 3494 6699.10000 E-MAIL
s.dietrich@q-cells.com

Sunfilm AG, Dr. Sicco W.T. Westra, Chief Business Development Officer
FON +49 35952 280.1200 E-MAIL Sicco.westra@sunfilm.com



--- End of Message ---

Q-Cells SE
OT Thalheim, Guardianstr. 16 Bitterfeld-Wolfen
Germany

WKN: 555866; ISIN: DE0005558662; Index: CDAX, GEX, Prime All Share,
TecDAX;
Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in
Bayerische Börse München,
Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr
in Börse Stuttgart,
Regulierter Markt in Frankfurter Wertpapierbörse;
Copyright © Hugin AS 2009. All rights reserved.



 
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