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AMG (AMG)

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AMG : Subsidiary Announces Supply Relationship With Canadian Solar Inc.

02/06/2008 | 17:01


Amsterdam, 2 June 2008 --- AMG Advanced Metallurgical Group N.V.
("AMG", EURONEXT AMSTERDAM: "AMG") announced that its 50.5%
subsidiary Timminco Limited (TSX: TIM), through its wholly-owned
subsidiary Becancour Silicon Inc. ("BSI") has announced a supply
relationship with Canadian Solar Inc. In its press release Timminco
stated:

BSI has identified that Canadian Solar Inc. ("CSI") (NASDAQ:CSIQ) is
one of its customers, under the long-term supply agreement announced
by Timminco on April 4, 2007. BSI and CSI have together achieved
certain milestones with respect to delivery, consistency and quality
of BSI's solar grade silicon. CSI is expected to purchase up to
5,000 metric tons of solar grade silicon through 2011 at a price
substantially less than the current contract prices for polysilicon.
BSI has delivered 16 metric tons of solar grade silicon in 2007 and
expects to deliver 450-500 metric tons to CSI in 2008.

Dr. Shawn Qu, Chairman and CEO of CSI commented: "BSI is a leading
silicon producer and we are pleased to have collaborated with them on
solar grade silicon since early 2007. In making this announcement we
have together achieved a technical landmark in the PV industry."

"We are very happy to announce our relationship with CSI as a
strategic partner in the development of our solar grade silicon."
said Mr. René Boisvert, President and CEO of BSI. "We are pleased to
have achieved the necessary milestones to permit commercialization by
CSI of their use of our product."

About AMG

AMG, incorporated in the Netherlands, is a global leader in the
production of highly engineered specialty metal products and advanced
vacuum furnace systems. AMG serves growing industries worldwide with
its unique combination of metallurgical engineering expertise and
production know-how. AMG is a market leader in many of its products
and systems, which are critical to the production of key components
for the aerospace, energy (including solar and nuclear), electronics,
optics, chemicals, construction and transportation industries. AMG
has two operating divisions of businesses, Advanced Materials and
Engineering Systems, and owns a majority interest in publicly-listed
Timminco Limited (TSX: "TIM").

The Advanced Materials Division develops and produces niche specialty
metals and complex metals products, many of which are used in
demanding, safety-critical, high-stress environments. AMG is one of
a limited number of significant producers globally of niche specialty
metals, such as ferrovanadium, ferronickel-molybdenum, aluminum
master alloys and additives, chromium metal and ferrotitanium, used
by steel, aluminum, chemical and superalloy producers for aerospace,
automotive, energy, electronics, optics, chemicals, construction and
other applications. Other key products produced by AMG include
specialty alloys for titanium and superalloys, coating materials,
tantalum and niobium oxides, vanadium chemicals and antimony
trioxide.

The Engineering Systems Division designs, engineers and produces
advanced vacuum furnace systems and operates vacuum heat treatment
facilities. AMG is a global leader in supplying
technologically-advanced vacuum furnace systems to customers in the
aerospace, energy (including solar and nuclear), transportation,
electronics, superalloys and specialty steel industries. Examples of
furnace systems produced by AMG include vacuum remelting, solar
silicon melting and crystallization, vacuum induction melting, vacuum
heat treatment and high pressure gas quenching, vacuum precision
casting, turbine blade coating and sintering. AMG also provides
vacuum case-hardening heat treatment services on a tolling basis to
customers through facilities equipped with vacuum heat treatment
furnaces.

Timminco Limited is a majority controlled, publicly-listed subsidiary
of AMG. Timminco is a leader in the production of upgraded
metallurgical silicon for the rapidly growing solar photovoltaic
energy industry. Timminco also produces silicon metal and magnesium
products for use in a broad range of industrial applications.

AMG operates globally with production facilities in Germany, the
United Kingdom, France, the United States, Canada, Mexico, Brazil and
Australia and also has sales and customer service offices in Belgium,
Russia, China and Japan (website: www.amg-nv.com).


For further information please contact:

AMG Advanced Metallurgical Group N.V. +1 610 975 4901
Jonathan Costello
Director of Corporate Communications
jcostello@amg-nv.com


Timminco Limited +1 416 364 5171
Robert Dietrich
Executive Vice President and CFO
rdietrich@timminco.com


Disclaimer

Certain statements in this press release are not historical facts and
are "forward looking". Forward looking statements include statements
concerning AMG's plans, expectations, projections, objectives,
targets, goals, strategies, future events, future revenues or
performance, capital expenditures, financing needs, plans and
intentions relating to acquisitions, AMG's competitive strengths and
weaknesses, plans or goals relating to forecasted production,
reserves, financial position and future operations and development,
AMG's business strategy and the trends AMG anticipates in the
industries and the political and legal environment in which it
operates and other information that is not historical information.
When used in this press release, the words "expects," "believes,"
"anticipates," "plans," "may," "will," "should," and similar
expressions, and the negatives thereof, are intended to identify
forward looking statements. By their very nature, forward looking
statements involve inherent risks and uncertainties, both general and
specific, and risks exist that the predictions, forecasts,
projections and other forward looking statements will not be
achieved. These forward looking statements speak only as of the date
of this press release. AMG expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward looking statement contained herein to reflect any change in
AMG's expectations with regard thereto or any change in events,
conditions or circumstances on which any forward looking statement is
based.


http://hugin.info/138060/R/1224507/258625.pdf


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