PVCS Pv Crystalox Solar Plc

RNS Number:3540A
PV Crystalox Solar PLC
17 July 2007



                   PV Crystalox Solar mid-year trading update


PV Crystalox Solar, a leading manufacturer of multicrystalline silicon ingots
and wafers, the key component in solar electricity systems which recently
completed its initial public offering ("IPO") on the London Stock Exchange, is
announcing that it will release its interim results for the period to 30th June
2007 on 11th September 2007.


Ahead of those results the company is pleased to provide investors with this
update of business performance in the first half of the year.


Solar Market Development

In the first half of 2007 the solar energy market continued to develop as
anticipated. The desire of Governments and consumers to use renewable and clean
energy sources have led to continued strong industry growth. We continue to see
strong demand in our key markets of Germany and Japan and are encouraged by
market developments in countries such as the USA and Spain.


Trading in the first half

PV Crystalox's performance in the first half has been in line with our
expectations at the time of our IPO. Revenue growth has been tempered to some
extent by the weakness of the Japanese yen. However, due to a significant part
of the group's costs being in Japanese yen, the resulting natural hedge effect
means that the results for the first half continue to be in line with our
expectations.


The supply situation in respect of silicon feedstock remains tight but the
group's long-term relationships and contracts mean that the business has
continued to acquire feedstock at competitive prices.


PV Crystalox Solar continues to make progress in discussions with customers in
terms of negotiating longer term contracts and expects to announce definitive
agreements in the second half.


Outlook

Overall, our expectations for the business remain positive and in-line with our
views at the time of the IPO. PV Crystalox Solar looks forward to the remainder
of the year with confidence and believes that the fundamentals for the solar
energy market and the group's position within that market remain strong.



For further information, please contact:


PV Crystalox Solar Plc Tel:             +44 (0)1235 770 044

Iain Dorrity, Chief Executive Officer

Peter Finnegan, Chief Financial Officer

Dr Hubert Aulich, Executive Director, 

German Operations Tel:                  +49 (0)361 600 8512

JPMorgan Cazenove Limited: Tel:         +44 (0)20 7588 2828

Nick Garrett

Alex Yule-Smith

Gavin Anderson & Company Tel:           +44 (0)20 7554 1400

Kate Hill

Robert Speed



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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