SolarWorld No.1 with Top Ranking in North America Race
CEO Frank Asbeck: 'Solar Alternative for Tomorrow’s Mobility'
The SolarWorld No.1 racer crossed the finishing line as the third of a total of 24 teams in the North American Solar Challenge, the major event in the solar motor racing calendar in North America, on Tuesday. The solar racing car sponsored by SolarWorld AG and developed by the University of Bochum has thus been able to improve on the excellent result (fourth place) of the last big race in Australia. The solar racing cars covered the roughly 4,000 kilometers across the North American continent from Dallas/Texas to Calgary/Canada in just over eight days. On the way they were exclusively propelled by the power of the sun. 'The great success of solar motor racing shows that solar power technology will also become a genuine alternative in the area of mobility', says Dipl.-Ing. Frank H. Asbeck, Chairman and CEO of SolarWorld AG, on the occasion of the successful race finish of the SolarWorld No.1. 'The world demands alternatives – not only in power generation but also in mobility. In view of skyrocketing oil prices we must meet this challenge by launching a solar-driven electrical car suitable for everyday driving.' Photographs of the North American Solar Challenge are available on our Internet page at www.solarworldno1.de. About SolarWorld AG The SolarWorld AG group of companies (ISIN: DE0005108401) is a world leader in high quality solar power technology. The company is involved at all levels of the solar value chain and combines all activities of the solar industry from silicon as the raw material to turn-key solar power systems. SolarWorld AG is represented in all the world’s solar growth markets. The group is exclusively dedicated to its core business of photovoltaic power generation operating production facilities in Germany, USA and South Korea. They in turn supply the SolarWorld AG sales offices in Germany, Spain, USA, South Africa and Singapore. The central element of the business in addition to the sale of turn-key solar systems and solar modules to the trade is the distribution of solar silicon wafers to the international solar cell industry. Apart from grid-coupled (on-grid) products the SolarWorld Group also sells off-grid solar power solutions that make an important contribution to the sustainable economic development of threshold and developing countries. Under the name Solar2World the group has pooled its ethical commitment to solar power especially in developing countries. SolarWorld AG employs 2,254 people worldwide. At the stock market the company is listed among others in the technology index TecDAX, in the ÖkoDAX, in the Dow Jones STOXX 600, in the international MSCI index as well as in the sustainability indices DAXglobal Alternative Energy and NAI. SolarWorld Press contact SolarWorld AG Martin-Luther-King-Straße 24 53175 Bonn Germany Contact Investor Relations: Tel.-Nr.: 0228/55920-470 Contact Press: Tel.-Nr.: 0228/55920-459 Fax-Nr.: 0228/55920-9470 E-Mail: placement(at)solarworld.de Internet: www.solarworld.de