Ad hoc: Q-Cells SE: Q-Cells and LDK Solar announce continuation

Ad hoc: Q-Cells SE: Q-Cells and LDK Solar announce continuation of
supply contract for solar wafer 
BITTERFELD-WOLFEN, GERMANY -- (MARKET WIRE) -- 12/04/09 --  Q-Cells
SE / Contract / Ad hoc: Q-Cells and LDK Solar announce continuation
of supply contract for solar wafer 
Ad hoc announcement according to Section 15 WpHG processed and
transmitted
by Hugin. The issuer is solely responsible for the
content of this announcement. 
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Bitterfeld-Wolfen (Germany), Xinyu City (China) and Sunnyvale
(Calif.), 4 December 2009: 
Q-Cells SE and LDK Solar Co., Ltd. jointly announce that the two
companies have reached an agreement to continue their supply
contract
for solar wafers from 2009 to 2018. During recent amicable
negotiations, the two companies resolved all differences of
opinion
over the interpretation of the agreement and neither side
will pursue
legal action. Q-Cells also agreed to no longer pursue
measures to collect the bank guarantee. Joint business activities
between the two
companies remain unchanged. 
Q-Cells and LDK Solar have agreed to increase the flexibility of
delivery schedule. Flexible pricing based on market levels and
Q-Cells' preferred customer status will apply for the entire
remainder of the contract term. A portion of shipments scheduled
in
the years 2009 to 2011 have been postponed to the period 2012 to
2018. Q-Cells will therefore receive around 20% in the current
year
and at least one third of the originally agreed volumes in 2010
and
2011. Q-Cells also has the option to increase these volumes if
needed. The total delivery volume for the entire ten-year term
remains unchanged at around 6 GWp. In addition to the amendment,
the
parties have finalized an agreement to expand their cooperation
in the areas of cell and module processing. Q-Cells will supply solar
cells to LDK Solar on a tolling basis and LDK Solar will supply
modules to Q-Cells on the same basis. 



Contact information:
Q-Cells SE
OT Thalheim
Sonnenallee 17 - 21
06766 Bitterfeld-Wolfen, Germany
www.q-cells.com

Investor Relations:
Stefan Lissner
Phone: +49 - (0)3494 - 6699 10101
investor@q-cells.com

Corporate Communications:
Ina von Spies
Phone: +49 - (0)3494 - 6699 10121
presse@q-cells.com


--- End of Message  --- 
Q-Cells SE  OT Thalheim, Sonnenallee 17-21  Bitterfeld-Wolfen Germany 
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Copyright Copyright Hugin AS 2009. All rights reserved.
 
 
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