EANS-News: aleo solar AG to expand sales operation in North America and supply US with solar modules

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today announced that
it will expand its presence in the United States to capitalize on the
emerging boom for renewable energy in this market. In signing the
"American Recovery and Reinvestment Act" in February, Barack Obama
introduced a package of strategies that will also work as a catalyst
for the solar energy market. The Act, with a volume of USD 787
billion, is designed to stimulate public transport, energy production
and other infrastructure projects in the United States. Several
billion dollars have been allocated to green energy programs, with
solar installations enjoying tax breaks and "commercial systems"
receiving direct investment subsidies of up to 30 percent.

aleo solar AG is anticipating a boom in photovoltaic plants as a
result of the improved conditions. "The planned subsidy system is
truly direct: anyone installing a solar power facility will be handed
a check shortly afterwards," said Jakobus Smit, aleo solar´s CEO,
forecasting that "even in 2009, the US market is likely to more than
double in size to at least 700 megawatts. By 2010 at the latest, the
US solar market will really get into gear." Additionally, the high
levels of insolation in many regions of the US provide an enormous
potential for photovoltaics.

The anticipated growth of the US solar market comes just at the right
time for the German premium module manufacturer: "We will be present
in the United States' key photovoltaic regions, supply high-yield
modules and provide American installers with services ranging from
system design and layout to marketing support, in order to enable
optimum system performance", announced Smit. aleo solar AG has
maintained a sales presence in North America since 2006. In the last
months the solar module specialist has already supplied 325 kilowatts
of solar modules for several contracts involving private consumer
installations and industrial rooftop plants in the US state of
California and in Mexico, including a 174 kilowatt solar power plant
on the roof of a Walmart supermarket in Aguascalientes. Each of aleo
solar's authorized specialist dealers is a member of the "aleo power
network." Benefits of the network include the use of aleo solar's
expertise in the systems business as inverters and mounting systems
can be ordered in addition to modules.

end of announcement euro adhoc
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ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Franz Nieper

Investor Relations, Legal & Compliance

Tel.: +49 (0)441-21988-770

E-Mail: Invest@aleo-solar.de

Branche: Alternative energy
ISIN: DE000A0JM634
WKN: A0JM63
Index: CDAX, Prime All Share, Technologie All Share
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