Asola Awarded $135 Million Contract To Supply Solar Modules

Quantum Fuel Systems Technologies Worldwide Inc. says its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, has been awarded a contract by AS Solar GmbH for the supply of high-efficiency silicon photovoltaic solar modules.

The value of this contract is estimated at $135 million over a three year period, beginning in 2008 and subject to final negotiations on quantity and price in 2009 and 2010. Asola will supply its 270 W and 230 W modules to AS Solar for installations primarily in Spain.

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