Date: 01/10/2012

MEMC and Conergy ends wafer supply agreement

MEMC Singapore Pte. Ltd., have agreed with Conergy AG to end their long-term solar wafer supply agreement.

MEMC release states since the market downturn in early 2009, issues with respect to Conergy's price and volume purchase obligations under the supply agreement have created challenges to finding a mutually beneficial arrangement between the parties, leading to a drop in the size of the supply agreement in January 2010. The companies have now agreed to terminate the supply agreement in order to resolve these ongoing challenges.