Commission Solar Sales Contract - PDF

							Perfectenergy International Signs 50 MW Solar Sales
Contract With Abidas AG
Thursday January 15, 2009 - 07:00 AM EST

Source: GlobeNewswire News Releases
Author: Perfectenergy International Ltd.


Click here to read the original story


SHANGHAI, China, Jan. 15, 2009 (GLOBE NEWSWIRE) -- Perfectenergy International Limited
(OTCBB:PFGY), a global manufacturer and marketer of customized and standard photovoltaic ("PV") solar
cells, modules and systems, today announced that its subsidiary, Perfectenergy (Shanghai) Co. Ltd., has
entered into a sales contract valued at more than $150 million with Abidas AG of Germany, pursuant to which
Abidas will purchase 50 MW of mono solar modules from Perfectenergy scheduled for delivery over the next
four quarters of 2009. Perfectenergy's total PV module order-backlog since October 2008 exceeds $170
million for calendar year of 2009.

Jack Li, chief executive officer of Perfectenergy commented: "We are very pleased to announce our business
relationship with Abidas, who is a well-known energy consultant and systems integrator based in Germany
with significant projects throughout Europe. This contract demonstrates the growth potential of our
photovoltaic module product line."

The photovoltaic modules will be manufactured at Perfectenergy's 60-megawatt factory in Shanghai, China.
Prices reflect market conditions and are fixed until June 2009 when they will be fixed again based on market
developments. Perfectenergy currently has fixed sufficient silicon supplies for meeting its production
demands for 2009.

The multibillion-dollar photovoltaic industry has thrived in recent years as the solar market has expanded in
Japan, Germany, Spain, and the United States. According to the European Photovoltaic Industry Association
(EPIA), by 2030 cumulative global installed capacity will reach 728 gigawatts, which will achieve electricity
production of 1,027 terawatt hours.

About Perfectenergy International Limited

Perfectenergy specializes in designing, developing, and manufacturing solar cells, solar modules and PV
systems for the global solar market. Perfectenergy implements a proprietary manufacturing process that
enables the production of photovoltaic solutions at a substantially lower cost than the industry norm and is
quickly establishing itself as a leading source of high-quality photovoltaic (PV) systems and solar modules.
The Company began producing its solar products in 2005 from its state-of-the-art 67,000-square-foot
production facility located in Shanghai, China, and currently sells its products throughout Europe and Asia.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995 involving known and unknown risks, delays, and uncertainties that may cause our actual
results or performance to differ materially from those expressed or implied by these forward-looking
statements. These risks, delays, and uncertainties include, but are not limited to: risks associated with the
uncertainty of future financial results, our reliance on our sole supplier, the limited diversification of our
product offerings, additional financing requirements, development of new products, government approval
processes, the impact of competitive products or pricing, technological changes, the effect of economic


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conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange
Commission. The Company undertakes no obligation to update any forward-looking statements.

CONTACT:    Perfectenergy International Ltd.
            Jack Li, Chief Executive Officer
            008621 5488 0958

            RedChip Companies, Inc.
            Investor Relations:
            Jon Cunningham
            1-800-733-2447, Ext. 107
            info@redchip.com

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