Fornebu, Norway - March 5, 2019: With reference to the news release on February
12, 2019, following a decision by REC Silicon ASA's (REC Silicon) Board of
Directors, REC Silicon will continue to operate its FBR facility in Moses Lake,
Washington at approximately 25 percent of the facility's capacity until further
notice. The Board's decision is subject to gaining further clarity on whether
trade negotiations between the Governments of the United States and China are
likely to result in REC regaining access to the China market for solar grade
polysilicon and the overall outlook for the polysilicon market.
REC Silicon is grateful to and thanks the Government of the United States (USG),
specifically President Trump and U.S. Trade Representative Ambassador Lighthizer
and his team, for prioritizing the interests of high technology, innovative
manufacturers like the U.S. polysilicon industry and its highly skilled workers
in its on-going trade discussions with China. REC Silicon urges the USG to
continue to insist on an immediate termination of China's long-standing trade
embargo on U.S. polysilicon exports as soon as possible as a necessary element
of any agreement between the USG and China.
There is no change to previous guidance issued by REC Silicon.
For further information, please contact:
Francine Sullivan, Vice President Business Development
Phone: +1 509 750 1133
Email: Francine.sullivan@recsilicon.com
Nils O. Kjerstad
IR Contact
Phone: +47 9135 6659
Email: nils.kjerstad@crux.no
About REC Silicon
REC Silicon is a leading producer of advanced silicon materials, delivering
high-purity polysilicon and silicon gas to the solar and electronics industries
worldwide. We combine over 30 years of experience and proprietary technology
with the needs of our customers, with annual production capacity of more than
20,000 MT of polysilicon from our two US-based manufacturing plants. Listed on
the Oslo Stock Exchange (ticker: REC), the Company is headquartered in Fornebu,
Norway.
For more information, go to: www.recsilicon.com
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.