aleo solar AG signs solar module contract worth over EUR 30 million

Supply and cooperation agreement with GILDEMEISTER subsidiary a+f
GmbH

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Prenzlau/Oldenburg (euro adhoc) - aleo solar AG today announced that
it has signed a supply and cooperation agreement with a+f GmbH. a+f
GmbH is a subsidiary of the GILDEMEISTER technology group, the
world's leading manufacturer of metal-cutting machine tools. a+f GmbH
launched its SunCarrier on the market in 2006. The SunCarrier is a
sun-tracking carrier system for solar modules. a+f GmbH needs solar
modules to equip its SunCarriers for several large projects in
southern Europe. The company has chosen aleo solar as its supply and
cooperation partner for these projects. aleo solar will provide its
high-quality solar modules under the terms of a supply contract worth
over EUR 30 million. The first joint project will be carried out
between autumn 2007 and summer 2008. The agreement will bring in over
EUR 20 million in 2008.

Thomas Petsch, managing director of a+f GmbH, believes the quality
standards of the solar module manufacturer will be of great benefit
to this cooperation. "aleo solar AG was our first choice for large
international projects due to the quality of its products and the
high yield of its modules. The PLC-controlled SunCarrier
automatically orients itself on the position of the sun, allowing it
to achieve a 32% increase in performance over fixed elevated systems.
The international orientation of aleo solar AG fits well with our
strategy in southern Europe. We'll take this journey together."

Jakobus Smit, chairman of the Management Board of aleo solar AG, is
confident as well. "aleo solar AG can now offer turnkey,
multi-megawatt projects. The SunCarriers are distinguished by their
long lifespan and low maintenance requirements. Through this
cooperation, we'll gain additional experience in large-scale projects
with a powerful partner at our side. We want to continue to grow
internationally, and this year we will have generated around 30% of
our revenue abroad. We anticipate strong demand in Greece as well as
Spain.".

end of announcement euro adhoc 23.10.2007 07:05:32
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ots Originaltext: aleo solar AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Franz Nieper or Yvonne Meyer
Investor Relations, Legal & Compliance
Tel.: +49 (0)441-21988-77
E-Mail: Invest@aleo-solar.de

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