Q Cells AG

Q-Cells AG was founded in 1999 and is today the second-largest manufacturer of solar cells in the world. The company currently has about 900 employees and will produce polycrystalline and monocrystalline solar cells with an expected total output of 255 MWp in 2006. Four production lines are currently in operation, and construction of a fifth facility, which will be the largest to date, has started in November 2006 with the first two sections ready for operation by the end of 2007. The new factory will expand the company's production capacity by more than 50% and create an additional 400 jobs.

Q-Cells AG supplies independent module manufacturers in all strategic markets. In addition to Germany, these include Southern Europe, East Asia, and North America. The Company's export ration is nearly 50% and is targeted to increase to 60% by the end of 2007.

The strategy of Q-cells AG focuses on two major aspects: Growth and cost reduction. In order to reach its biggest goal of making photovoltaics competitive in the electricity market as soon as possible and thus no longer dependent on state subsidies, Q-Cells AG is conducting intensive research in its core business as well as in the development and commercialization of new photovoltaics technologies. Q-Cells AG sees itself as a technology leader in the photovoltaics market, and will continue to expand on this position.

Web: www.q-cells.com