Eco Supplies Europe AB / 16 Million Euro Module Sales for Italy 2010 processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Eco Supplies Europe AB announced today that it has reached a major agreement to produce and deliver solar modules to Italy. Production and delivery will commence with immediate effect and continue for a period of approximately four months.
The contract is estimated to be worth in excess of 16 million Euros in revenues for Eco Supplies Europe AB.
The above-mentioned figure does not include other production agreements that are currently in place in the company.
Mr. Svante Kumlin, Chairman of Eco Supplies Europe AB, comments:
'A major milestone has been reached today for Eco Supplies. We are happy to expand our export sales to also include Italy, which we see as a key market for the future. We aim for a internationally diverse client base, which is part of our long term sales strategy'.
About Eco Supplies Europe AB: visit www.ecosupplies.eu
Eco Supplies Europe AB is a Swedish holding company, listed on Frankfurt's Stock Exchange Deutsche Börse (www.boerse-frankfurt.de). The company's shares are trading on Xetra under the ticker 7C0. Eco Supplies is a fast growing company group with activities in Renewable Energy Supplies and Ecological Office Supplies.
About Eco Supplies Solar AB: visit www.ecosupplies.eu
Established in 1992 and formerly known under the brand name Gällivare PhotoVoltaic AB, Eco Supplies Solar was the first company of its kind in northern Europe and it is still one of the largest Scandinavian producers of high quality Solar Power Modules. The total yearly production capacity is 45 MW and in 2009 the company reached sales of € 49.9 Million.