PVCS Pv Crystalox Solar Plc

RNS Number:1218P
PV Crystalox Solar PLC
03 March 2008






PRESS RELEASE


3rd March 08



                  PV Crystalox Solar Plc - Supplier Agreement


PV Crystalox Solar is pleased to announce that agreement has been reached with
one of its current longstanding polysilicon suppliers to maintain annual
delivery volumes and extend contracted supply through to 2014.

The total quantity of polysilicon to be supplied over the additional five year
period is sufficient for wafer production equivalent to 450MW.  This agreement
helps secure the group's position as one of the lowest cost wafer producers in
the PV industry.


Commenting on the agreement, Iain Dorrity, Chief Executive said:

"At the time of our IPO we were keen to emphasize our established position in
the PV industry and the high-quality nature of both our supplier and customer
relationships.  Today's announcement is further evidence of our leading position
in the industry and the polysilicon we have secured will assist us in our
long-term growth ambitions and in our drive to be one of the lowest-cost
producers in our industry."


For further information contact:



PV Crystalox Solar PLC                                  Tel: +44 (0)1235 437 161
Iain Dorrity, Chief Executive Officer
Peter Finnegan, Chief Financial Officer


Gavin Anderson & Company                                Tel: +44 (0)20 7554 1400
Kate Hill
Robert Speed



Notes to Editors

PV Crystalox Solar, initially established in the UK in 1982, is a highly
specialised supplier to the world's leading solar cell manufacturers, producing
multicrystalline silicon ingots and wafers for use in solar electricity
generation systems. The Group was one of the first to develop multicrystalline
technology on an industrial scale, setting the industry standard for ingot
production.

The Group manufactures silicon ingots in Oxfordshire, United Kingdom, with the
majority of its output shipped to Japan, where it is sold either as ingots or as
wafers after processing by a sub-contractor. The balance of its output is
processed into wafers for European customers at the Group's facilities in 
Erfurt, Germany.

PV Crystalox Solar was admitted to the main market of the London Stock Exchange
on 11 June 2007. On 11 September 2007 the Group reported its half year results
for the period ending 30 June 2007. PV Crystalox Solar's production output over
the period was 89MWp. Total sales revenues increased by 8% and earnings before
exceptional items increased by 13.3% on the corresponding period in the previous
year.



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