June 28, 2010

Dongying, China: CNPV Signs Long-Term Sales Contract with Photon Hellas

CNPV Solar Power SA has entered into a long-term sales agreement with Photon Hellas, a leading project development, installation and distribution company.

Under the terms of this agreement, CNPV will supply Photon Hellas with a total of 20MW of PV Modules from 2010 to 2012, which includes 3MWp of scheduled delivery during second half of 2010. The remaining 7MWp and 10MWp are scheduled for delivery in 2011 and 2012 respectively.

"We are very pleased to commence this new sales agreement with Photon Hellas, to further strengthen the existing well established partnership. Our partnership with Photon Hellas is a significant success for us in aligning ourselves with a proven regional energy developer with growing opportunities in established and emerging photovoltaic markets. This new contract will significantly help to grow new projects in Greece solar markets," commented B. Veerraju Chaudary, CNPV's COO, CTO & Member of the Board.

"We look forward to continuing to expand our relationship with one of our loyal strategic partners Photon Hellas in Greece by providing high quality modules, premium service and a low cost industry leading platform."

"CNPV has an excellent reputation for delivering premium quality, high power output PV Modules and Photon Hellas is proud of this new supply agreement with CNPV. We consider this as a continuation of our good relationship with CNPV to use their high performance and quality modules in our projects and to offer their premium service to our customers in Greece," commented Mr. Diamantis, CEO of Photon Hellas. "

Further details about: CNPV Solar Power and Photon Hellas