Sandvika/Herøya, February 8, 2010: All slurry recovery plants are currently
running stably after last week's fire, buffer stock of slurry allowed REC
Wafer's operations to continue as normal.
It was on February 1, 2010, that SiC-Processing AS experienced a fire in one of
its two slurry plants at the Herøya industrial complex. The fire was caused by
very fine silicon particles in one of the filter presses and was extinguished
relatively quickly. A similar plant in Glomfjord was also stopped to seek for
the root cause of the fire. Both plants at Herøya and in Glomfjord operate
exclusively as on-site plants for the slurry recovery for REC Wafer in Norway.
During the second half of last week and over the weekend, the slurry processing
lines at Herøya and in Glomfjord have been brought back on-line under close
monitoring. Measures have been put in place to prevent similar incidents in the
future, and the experience with the operations so far has been positive. SiC
Processing Herøya 1 plant has operated without interruptions the entire time and
all plants are therefore currently running stably.
Buffer stock of slurry allowed REC Wafer's operations to continue as normal and
was therefore not affected by the incident.
About REC
REC is the leading vertically integrated player in the solar energy industry.
REC Silicon and REC Wafer are among the world's largest producers of polysilicon
and wafers for solar applications. REC Solar is a rapidly growing manufacturer
of solar cells and modules, and is also engaging in project development
activities in selected segments of the PV market. REC had revenues of NOK 8 191
million and an operating profit of NOK 2 529 million in 2008. More than 3 000
employees work in REC's worldwide organization. Please visitwww.recgroup.com
<
http://www.recgroup.com> to learn more about REC.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1381441]
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