Moses Lake, December 3, 2013: REC Silicon ASA has today entered into an amendment to extend a sales contract for delivery of high purity electronic grade polysilicon from the Butte facility.
Delivery under the extended two year contract will start in the beginning of 2014, and has an estimated value of USD 70 million.
"We are very pleased to see the continued confidence in REC Silicon's superior electronic grade polysilicon" says CEO of REC Silicon, Tore Torvund.
As earlier communicated, the market for electronic grade polysilicon remains weak, and REC Silicon expects continued pressure in the market for electronic grade polysilicon in 2014 compared to 2013.
For more information, please contact:
Francine Sullivan, Vice President of Legal, REC Silicon, Phone: +1 509 750 1133
About REC Silicon ASA
REC Silicon is a leading producer of advanced silicon materials, delivering high-purity polysilicon and silane gas to the solar and electronics industries worldwide. We combine 25 years of experience and proprietary technology with the needs of our customers, and annual production of approximately 19,500 MT of polysilicon from our two US-based manufacturing plants. Listed on the Oslo Stock Exchange (ticker: REC), the company is headquartered in Moses Lake, Washington and employs 750 people.
For more information, go to: www.recsilicon.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.