August 27 2009
Company: Inter
Action
Corporation
President: Hideo
Kiji
Listing:
Tokyo Stock Exchange Mothers Market
Stock Code: 7725
For Inquiries:
Managing Director Akio Nakataki
Tel: 045-788-8373 ＵＲＬ
:
http://www.inter-action.co.jp
Notice of Strategic Business Partnership with Yingli Green Energy
Inter Action Corporation of Japan and Yingli Green Energy Holding Co., Ltd. of China today announced that they have entered into a strategic business partnership and sales agreement. １．
Background Yingli Green Energy Holding Company Limited (NYSE: YGE) is one of the world's leading vertically integrated PV product manufacturers. Yingli Green Energy designs, manufactures and sells PV modules and designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or operate on a stand-alone basis. Based in Baoding, China, Yingli Green Energy sells its PV modules to system integrators and distributors located in various markets around the world, including Germany, Spain, Italy, South Korea, Belgium, France, China and the United States. Inter Action Corporation and its subsidiary, BIJ Corporation ("Inter Action") is conducting solar PV related business in Japan and in many countries in Asia.
２．
Agreement Outline
Under this agreement, Inter Action is expected to purchase 5 MW of crystalline PV modules in 2010, which are expected to be used in Japan’s fast emerging residential and industrial solar markets.
In addition, Inter Action has agreed to provide Yingli Green Energy with valuable market information and sales channel in order to penetrate Japanese solar market.
３．
Yingli Green Energy Corporate Profile
a.
Company Name: Yingli Green Energy Holding Co., Ltd.
New
York
Stock
Exchange
Code:
YGE
b.
Business Address:
No.3055 Fuxing Middle Road
,
National New&High-tech
Industrial Development Zone, Baoding, China
c.
Established:
August 7, 2006 (Operation: August 1998)
d.
Chairman and CEO:
Liansheng Miao
e.
Major Business: Production and sales of solar PV products
f.
Capital:
USD$626.13 Million (End of December, 2008)
g.
Employees:
4,704 (End of December, 2008)
h.
Former Affiliation:
No former capital, personnel, or business relationship
４．
Agreement Timeline
a.
Board of Directors Meeting Approval:
August 26, 2009
b.
Agreement Conclusion:
August 25, 2009 (US time)
５．
Business Outlook
With this strategic business relationship with Yingli Green Energy, Inter Action expects to increase its net sales by 10% or more within the next 3 years compared to net sales of 17
th
fiscal year.
