Sunways strengthens Asia Presence

Sunways AG, Constance, has entered into an exclusive distribution agreement for East/South East Asia with Sun Power Systems Ltd., Hong Kong.

Constance, Germany – August 7, 2002 [] Sun Power Systems Ltd. has been marketing solar technology in Asia for 18 years. The open-end agreement with Sunways covers the exclusive distribution of the high-quality Sunways PLUS Cell in China, Taiwan, Korea, Laos, Thailand, Cambodia, the Philippines, Indonesia, Myanmar, Vietnam, Malaysia, Singapore and Japan. The annual sales volume will amount to about US$4.4 million, a portion of which will already have an impact on the current fiscal year’s sales level. “With this exclusive distribution agreement we have expanded out client base to include a most attractive customer in the growth markets of East/South East Asia and successfully continued our Company’s internationalization despite the currently difficult economic environment,” said Roland Burkhardt, a member of the management board of Sunways.
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