PRAMAC - Agreement PRAMAC Agro Verde

Agreement PRAMAC Agro Verde

Release date: November 2011

Verona, 27 October 2011 - PRAMAC S.p.A. announced that together with its subsidiary PRAMAC Swiss S.A has signed a contract with Cooperativa Agro Verde for construction of the solar energy greenhouses in Gela (Italy).
This agreement is been presented in Verona during the Italian-Russian Forum on innovation. In this Forum there were the Subsecretary of Cultural Assets, the Senator Riccardo Villari and the Councillor of the Minister of Agriculture, Food and Forestry for renewable energies, Professor Marino Massimo de Caro.
This project shows the possibility to associate experienced business of garden greenhouses of Agro Verde Cooperativa with the production of energy from renewable sources. The photovoltaic process uses PRAMAC last generation Thin-Film modules on an uncultivated area of 230 acres.
Based to this contract, PRAMAC Swiss will provide Thin-Film modules for a whole energy supply of 80 Megawatt.
The total established value of the contract amounts to EUR 280 million.

Safe harbor

Certain statements in this release may relate to future events and expectations and as such constitute forward-looking statements involving known and unknown factors that may cause actual results of PRAMAC to be different from those expressed or implied in the forward-looking statements. In this context, words such as "will" and "expect" or other similar words and phrases often identify forward-looking statements made on behalf of PRAMAC. It is important to note that actual results of the company may differ materially from those described or implied in such forward-looking statements based on a number of factors and uncertainties, including, but not limited to, changes in economic conditions; currency exchange or interest rates; political stability; market acceptance of the company's products and services; significant changes in the competitive environment; epidemic diseases; changes in law, regulations and tax rates; and other general economic, business and financing conditions and factors. We do not undertake to update our forward-looking statements.

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