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Sunfilm & Sontor Merge Operations

Sunfilm AG and Sontor GmbH have merged to become one of the world's largest providers of tandem junction silicon based thin film modules. The new company will be named Sunfilm AG. In an increasingly competitive global photovoltaic market, the companies say Sunfilm will have the necessary size and expertise to significantly profit from the growing segment of thin film solar.

Q-Cells SE, Good Energies and NorSun AS will be the shareholders of the new Sunfilm and are firmly committed to supporting the company on its future growth path. With an installed capacity of approximately 85 megawatts (MW) at the two current production sites in Bitterfeld-Wolfen and Grossroehrsdorf, plus an additional 60 MW of capacity under construction in Grossroehrsdorf, Sunfilm is already one of the world's largest manufacturers of tandem junction silicon-based thin film modules.

Q-Cells, the sole owner of Sontor, will hold 50 percent of the new Sunfilm shares. Q-Cells is a leader within the global photovoltaic industry and is the world's largest producer of solar cells. Good Energies will hold about 35 percent of the new company and about 15 percent will be owned by NorSun.

The new Sunfilm AG will have production sites in Grossroehrsdorf and Bitterfeld-Wolfen, while the center for research and development will be located in Bitterfeld-Wolfen. The new company now has approximately 400 employees, but additional jobs will be created in the midterm as the expansion in Grossroehrsdorf comes on-line. The merger of the two companies is expected to become legally effective by the end of May 2009, but is still subject to approval by the competent antitrust agencies.

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