LDK Solar Signs Module Supply Contract With Gestamp Solar

Jun 23, 2010, 16:05 ET from LDK Solar Co., Ltd.

XINYU CITY, China and MADRID, June 23 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers and PV products, announced today that it has signed a contract to supply solar modules to Spain-based Gestamp Asetym Solar, S.L. ("Gestamp Solar"), a subsidiary of Gestamp Corporation. Under terms of the agreement, LDK Solar will deliver 15.8 megawatts (MW) of solar modules to Gestamp Solar during the third quarter.

"We are very pleased to commence a relationship with Gestamp Solar, a leader in the development of PV projects," stated Xiaofeng Peng, Chairman and CEO of LDK Solar.  "As demonstrated by this contract, we continue to experience solid demand for our modules.  We hope to continue to expand our relationship with Gestamp Solar and partner on future projects."

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. (NYSE: LDK) is a leading vertically integrated manufacturer of photovoltaic (PV) products and the world's largest producer of multicrystalline wafers. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, modules, and engages in project development activities in selected segments of the PV market. Through its broad product offering of mono and multicrystalline solar wafers and modules, LDK Solar provides its customers with a full spectrum of solutions. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California. For more information about our company and products, please visit www.ldksolar.com

About Gestamp Solar (www.gestampren.com)

Gestamp Solar is one of the reference companies in the solar business, vertically integrating all the processes needed in facilities both photovoltaic and solar thermal: development, design and manufacture of components, construction, operation and maintenance.

The company, with presence in Spain, Italy, USA, India, France and South Africa, has built two of the ten largest photovoltaic plants in the world located in Murcia. Currently, it manages a total of 85 MWp.

Gestamp Renewables, as a part of Gestamp Corporation, integrates its three lines of activity in renewable energies: Gestamp Solar, Gestamp Wind and Gestamp Biomass. Gestamp Corporation is a European leader in the field of steel, with a turnover of 4,000 million euros in 2009 and over 20,000 employees working in its 80 plants spread across 25 countries.

Safe Harbor Statement – LDK Solar

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of LDK Solar to operate as a public company, the period of time during which its current liquidity will enable LDK Solar to fund its operations, its ability to protect its proprietary information, the general economic and business environment and conditions, the volatility of LDK Solar's operating results and financial condition, its ability to attract and retain qualified senior management personnel and research and development staff, its ability to timely and efficiently complete its ongoing construction projects, including its polysilicon plants, and other risks and uncertainties disclosed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on information available to LDK Solar's management as of the date hereof and on its current expectations, assumptions, estimates and projections about LDK Solar and the solar industry. Actual results may differ materially from the anticipated results because of such and other risks and uncertainties. LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, assumptions, estimates and projections except as may be required by law.

For more information contact:

Lisa Laukkanen

The Blueshirt Group for LDK Solar

lisa@blueshirtgroup.com

+1-415-217-4967

Jack Lai

Executive VP and CFO

LDK Solar Co., Ltd.

IR@ldksolar.com

+1-408-245-8801

SOURCE LDK Solar Co., Ltd.



RELATED LINKS

http://www.ldksolar.com


http://www.gestampren.com