PRAMAC - Green energy - 57 Million Euro for "PRAMAC Luce Micromorph"

Green energy - 57 Million Euro for "PRAMAC Luce Micromorph"

Release date: April 2008

Pramac S.p.A. has concluded an important framework agreement for the sale of photovoltaic panels, with the GreenenergyCapital Group, an investment company specialised in the realisation of investments in the renewable energy and energy savings sector.

Under the two-year agreement (2009-2010), Pramac Swiss, a company entirely controlled by the group parent company Pramac SpA., will provide Ergyca Power, a company entirely controlled by Greenenergy-Capital, "Pramac Luce Micromorph" photovoltaic modules for a countervalue of 57 million Euro. The agreement concluded by the GreenergyCapital Group is a part of the company’s programme for expansion in the photovoltaic sector; indeed, the purchase of the panels follows the recent incorporation of four conveyance companies, created with the aim of identifying and developing initiatives in the photovoltaic energy generation industry.

For the Pramac Group, this new and important job order adds to the one announced during the second week in April, to supply Endesa crystalline-technology photovoltaic modules, for a total value of 15.5 million Euro.

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.