REC ASA wins long-term contract to supply silicon wafers contract to Sharp

Nordic Business Report, Sept 15, 2006

NORDIC BUSINESS REPORT-15 September 2006-REC ASA wins long-term contract to supply silicon wafers contract to Sharp(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Norwegian silicon wafers, cells and modules manufacturer REC ASA said on Friday (15 September) that its subsidiary REC ScanWafer has, together with Sumitomo Corporation, won a long-term silicon wafers contract from Sharp.

The contract, signed for six years and valued at approximately NOK3.1bn, covers the supply of multicrystalline silicon wafers for solar cells. In the contract Sumitomo will act as REC's commercial representative towards Sharp.

REC ScanWafer is the world's largest manufacturer of multicrystalline silicon wafers for solar cells, while Sharp is the leading manufacturer of solar cells and modules.

One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).

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