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May 9, 2008
Toronto,
ON, Canada: Timminco Signs Solar Grade Silicon Supply Agreement
With Solar Power Industries, Inc.
Timminco
Limited's wholly-owned subsidiary, Becancour Silicon Inc. has
signed a second agreement to supply solar grade silicon to Solar
Power Industries, Inc. based in Belle Vernon near Pittsburgh,
Pennsylvania. ("SPI").
SPI
was BSI's first long-term solar grade silicon customer, having
entered into its initial supply agreement with BSI in March 2007.
SPI was BSI's largest customer in 2007.
The
initial supply agreement anticipated shipments of solar grade
silicon in excess of 4,000 metric tons over its initial period
of 5 years. Under this second supply agreement, SPI has committed
to purchase an additional 3,000 metric tons per year from 2010
to 2015.
"We
are very happy to have SPI as a strategic partner in the development
of our solar silicon business and this second contract with SPI
further corroborates the value proposition we bring to our customers."
said Mr. Rene Boisvert, President and CEO of BSI. "SPI has had
extensive experience with our solar grade silicon, having shipped
their products using our material for over one year."
Further details about: Timminco
and Solar Power
Industries Inc
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