PHOENIX (PHO): Photon Energy announces the signing of a contract for the sale of photovoltaic modules - raport 22

The Management Board of Photon Energy announces the signing of a contract for the sale of 1.225 MWp of Yingli photovoltaic modules and 111 pieces of 10000 TLRP SMA inverters between its fully-owned subsidiary Photon Trading s.r.o. and DESOL s.r.o. on 4 May 2010. The net contract value is EUR 2.089 million (CZK 53.7 million, PLN 8.27 million).

Radek Jalůvka, a member of Photon Energy's supervisory board, is a principal of DESOL, s.r.o. All terms and conditions of the transaction are market standard and they were negotiated on an arms'-length basis.

Legal basis: § 3 ust.1 of the Appendix 3 to Resolution No. 733/2009 of the Warsaw Stock Exchange Management Board dated 18 December 2009 “Current and Periodical Information in the Alternative Trading System"

Osoby reprezentujące spółkę:
Michal Gärtner - Chairman of the Board of Directors
Georg Hotar - Vice-chairman of the Board of Directors