Company Profile For Solon SE

Solon SE, formerly Solon AG fuer Solartechnik (SOLON), is a Germany-based holding company engaged in the solar technology sector. It is structured into two segments: Components, which comprises solar modules with output ratings ranging from 130 to 240 watts, consisting of monocrystalline and polycrystalline solar cells, and System Technology, involved in the production of power plant systems, construction of turnkey solar power plants and management of solar module projects. SOLON’s customers are building professionals, project developers, architects and construction engineers, among others. The Company operates through ten subsidiaries in the Europe and the United States. Its core product is SOLON Mover, a biaxally tracked photovoltaic system used in high-capacity power plants. In 2008, the Company launched a single-axis photovoltaic system, SOLON Single Axis. In addition, it acquired SOLON Mobility GmbH and increased its equity investment in Estelux s.r.l. to 100%.

BRIEF: For the nine months ended 30 September 2009, Solon SE's total revenue decreased 63% to EUR238.6M. Net loss for the period totaled EUR146.7M, vs. a profit of EUR27.3M. Total revenue reflects a significant decrease in demand for the Company's products in the Solar Components and Systems Technology business segments. Net loss for the period reflects decreased gross profit margins as well as a significant loss on other investments.