Solarvalue issues Annual Report for 2007 Small scale production laboratory starts operations - prove of process abiliy initiated
"In 2007 we again had an exciting and rewarding year for our young company. Important milestones were achieved during the build-up of the company which will significantly influence the future development and success of Solarvalue AG. Also for the current fiscal year, we have a lot on our agenda. In addition to starting production in our plant in Slovenia in the second half of calendar year 2008 and achieving the first revenues from the sales of solar silicon we will continue to pursue our plan to build a value adding, integrated solar group through targeted collaborations and acquisitions." Ms Claudia Boehringer, Chairman and CEO of Solarvalue AG, said and added the following: "In the last few months we have built our own laboratory size production facility in the US. This facility has recently started operations directed at testing metallurgical grade silicon from a variety of potential suppliers, as well as evaluating the ability of the Solarvalue production process to refine this purchased silicon into solar grade silicon in our Slovenia plant. We expect to produce the first small quantities of solar grade silicon samples in the very near future."
The annual general meeting will take place in Berlin on 28 March 2008. Additional information regarding the shareholders' meeting can be obtained in the Internet on the company's website under www.solarvalue.com
Solarvalue AG aims to establish itself as a global, independent supplier of raw materials to the expanding solar industry. Solarvalue AG wants to reduce the worldwide shortage of solar grade silicon through the cost-effective production of solar grade silicon by refining metallurgical grade silicon.