SolarWorld AG i.I.
Statement by Management Board of SolarWorld AG on misleading media reports concerning ongoing litigation in the United States
DGAP-News: SolarWorld AG / Key word(s): Statement/Miscellaneous Regarding current media reports on an ongoing court proceeding in the United States between SolarWorld’s subsidiary SolarWorld Industries Sachsen GmbH and the silicon supplier Hemlock, the Management Board of SolarWorld AG makes the following statement: The partial decision of the court on antitrust defenses is no judgement, but only relates to one of several defenses of equal value against the complaint and is of technical nature. The Company does not estimate the risk situation higher than at the beginning of the proceeding in March 2013 and has acknowledged the risk continuously in its financial statements. SolarWorld will use the expected further years of proceedings in the first and second instance that may follow to reach an agreement with the silicon supplier Hemlock to continue delivery. SolarWorld has achieved similar agreements with all its other silicon suppliers successfully. SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar power solutions and in doing so contributes to a cleaner energy supply worldwide. The group, headquartered in Bonn, Germany, employs approximately 3,500 people and carries out production in Freiberg, Germany; Arnstadt, Germany; and Hillsboro, USA. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production ‒ including its own research and development. Through an international distribution network with locations in Europe, USA, Singapore, Japan and South Africa, SolarWorld supplies customers all over the world. The company maintains high social standards at all locations across the globe, and has committed itself to resource- and energy-efficient production. SolarWorld was founded in 1998 and has been publically traded on the stock market since 1999. More information at www.solarworld.com 2015-11-02 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | SolarWorld AG | |
Martin-Luther-King-Straße 24 | ||
53175 Bonn | ||
Germany | ||
Phone: | +49 (0)228 – 559 20 470 | |
Fax: | +49 (0)228 – 559 20 9470 | |
E-mail: | placement@solarworld.com | |
Internet: | www.solarworld.de | |
ISIN: | DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14 | |
WKN: | A1YCMM, A1YDDX, A1YCN1 | |
Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart | |
End of News | DGAP News Service |
407779 2015-11-02 |