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31.07.2008 00:00

Q-Cells confirms extension of silicon supply agreement with BSI/Timminco

Bitterfeld-Wolfen, 31 July 2008: Q-Cells AG (QCE; ISIN DE0005558662) announced that the existing solar grade silicon supply agreement with the Canadian company Bécancour Silicon Inc. (BSI), a wholly owned subsidiary of Timminco Ltd, has been formally extended for 2010 through 2013. 

Under the terms of the agreement, BSI will supply 6,000 metric tons silicon per year between 2010 and 2013, as anticipated in the  initial announcement of the agreement on March 26, 2008. Pricing for deliveries in the year 2010 is already fixed, and for the years 2011 to 2013 will be based upon market conditions, within a fixed floor to ceiling price range.