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26.01.2011
Solarmag makes a good progress on the business developments set out for 2011
Solarmag makes a good progress on the business developments set out for 2011
Solarmag is pleased to announce that it is well position to achieve the acquisitions targets set for 2011. This will include acquisition of electricity producing solar plants in the first 6 months of 2011 of at least 12 MW and further acquisition of electricity producing solar plants throughout 2011 and beyond.
Further to that the company expects to finalise agreements during 2011 for to start future production of thin film of solar panels up to a capacity of 200 MW annual production.
Solarmag is presently also in negotiations to enter into different co-operation and partnership agreements with a larger international solar energy company.
Further information regarding this co-operation will be made in due course.
Solarmag’s CEO, Lars- Erik Magnusson said: “We are delighted with the progress we are making to achieve the targets set out in our business plan for 2011, particularly in relation to the negotiations to acquire solar parks which are already generating revenues. We believe that these developments, together with the current negotiations to enter into co-operation and partner ship with a large international solar energy company, should all have a positive effect on Solarmag’s future value and development”.
For further information please contact:
SOLARMAG PLC
Thomas R. Malthusstraat 3b
1066 JR Amsterdam
The Netherlands
Tel.: + 31 20 338 0060
Fax.: + 31 20 669 6508
www.solarmag-plc.com
Disclaimer
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
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Solarmag is pleased to announce that it is well position to achieve the acquisitions targets set for 2011. This will include acquisition of electricity producing solar plants in the first 6 months of 2011 of at least 12 MW and further acquisition of electricity producing solar plants throughout 2011 and beyond.
Further to that the company expects to finalise agreements during 2011 for to start future production of thin film of solar panels up to a capacity of 200 MW annual production.
Solarmag is presently also in negotiations to enter into different co-operation and partnership agreements with a larger international solar energy company.
Further information regarding this co-operation will be made in due course.
Solarmag’s CEO, Lars- Erik Magnusson said: “We are delighted with the progress we are making to achieve the targets set out in our business plan for 2011, particularly in relation to the negotiations to acquire solar parks which are already generating revenues. We believe that these developments, together with the current negotiations to enter into co-operation and partner ship with a large international solar energy company, should all have a positive effect on Solarmag’s future value and development”.
For further information please contact:
SOLARMAG PLC
Thomas R. Malthusstraat 3b
1066 JR Amsterdam
The Netherlands
Tel.: + 31 20 338 0060
Fax.: + 31 20 669 6508
www.solarmag-plc.com
Disclaimer
The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B1FJK646">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B1FJK646</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.