LDK Solar Announces PRC Court Injunction Against Guarantee Banks From Payments to Q-Cells Nov 11, 2009 03:15AM

XINYU CITY, China and SUNNYVALE, Calif., Nov. 11 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers, today announced that, upon its motion, the Superior People's Court in Jiangxi Province has issued a civil order freezing any payment that may be made by the relevant guarantor/counter-guarantor banks pursuant to the guarantee and/or counter-guarantee issued in connection with the prepayments made by Q-Cells SE. Q-Cells made prepayments in the aggregate amount of US$244.5 million under the solar wafer supply agreement with LDK Solar. The injunctive relief also takes certain other asset preservation actions in aid of execution and will remain effective for a period of six months until May 8, 2010. Separately, LDK Solar has appealed the decision of the Regional Court of Berlin that lifted its preliminary injunction on the drawdown by Q-Cells under the German bank guarantee. LDK Solar is also making arrangements to speed up the ICC arbitration process as permitted and required under the supply agreement for a fair determination on the substance of the dispute over the supply agreement.

Alongside these actions, LDK Solar and Q-Cells have been engaged in negotiations in Europe and Asia with a view toward reaching a mutually agreeable solution to the dispute.

About LDK Solar (NYSE: LDK)

LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells multicrystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers. 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.

Safe Harbor Statement

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.

SOURCE LDK Solar Co., Ltd.


Lattice Semiconductor Appoints Allyanz Its Representative in Australia and New Zealand Nov 11, 2009 03:01AM

HILLSBORO, OR -- (MARKET WIRE) -- 11/11/09 -- Lattice Semiconductor (NASDAQ: LSCC) today announced that Allyanz Pty Ltd will represent Lattice and its full range of products in Australia and New Zealand.

"Allyanz is delighted to partner with Lattice throughout Australia and New Zealand," said Daud Ally, General Manager of Allyanz. "Lattice is recognized worldwide as a leader in programmable logic. We look forward to working closely with Lattice to enable our valued customers to design with and take advantage of Lattice's comprehensive portfolio of programmable logic solutions."

"Lattice is excited that Allyanz is now our representative in Australia and New Zealand," said Stacy Fender, Lattice's Corporate Vice President of Sales. "With its expertise in the Australia-New Zealand electronics marketplace, a solid background in marketing differentiated semiconductor solutions and a focus on supporting customer design requirements, Allyanz is uniquely qualified to help Lattice expand its market share."

About Allyanz

Allyanz Pty Ltd is a specialist supplier of electronic components and display solutions in Australia and New Zealand. Headquartered in Melbourne, Australia, Allyanz is partnered with a select group of industry leading manufacturers for semiconductors, passive components and display solutions.

Allyanz is focused on providing its customers with the applications engineering and design support they require, to encourage continued design innovation in the electronics marketplace across Australia and New Zealand.

For more information, visit www.allyanz.com.au

About Lattice Semiconductor

Lattice is the source for innovative FPGA, PLD, programmable Power Management and Clock Management solutions. For more information, visit www.latticesemi.com

Lattice Semiconductor Corporation, Lattice (& design), L (& design) and specific product designations are either registered trademarks or trademarks of Lattice Semiconductor Corporation or its subsidiaries in the United States and/or other countries.

GENERAL NOTICE: Other product names used in this publication are for identification purposes only and may be trademarks of their respective holders.

EDITORIAL/READER CONTACT:
Brian Kiernan
Corporate Communications Manager
Lattice Semiconductor Corporation
503-268-8739 voice
503-268-8193 fax
brian.kiernan@latticesemi.com


World Energy Research Opens Second Headquarters Nov 11, 2009 03:01AM

AUCKLAND, New Zealand, Nov. 11 /PRNewswire/ -- World Energy Research (WER) has just announced a major expansion. The energy research and investment firm based in New Zealand has established a second headquarters in Guatemala City to better serve its partners and investors in the Americas.

The new office is located in the Europlaza World Business Center, one of the most modern office towers in Central America. WER is in the process of staffing the facility and will eventually employ about 65 staff members.

This expansion marks the latest advancement in WER's rapid growth into the energy sector. Along side Vancouver's Blue Energy Canada project, WER is currently investigating the energy potential of a dozen sites in Guatemala and recently signed construction and purchase power agreements for three new hydro electric projects in the country.

Meanwhile, WER continues its global research into clean, renewable sources of power such as tidal, wind, solar and geothermal.

A WER spokesman said, "The heart of the energy sector in Central America is Guatemala. Once developed, it could become an energy independent nation and begin exporting power to other countries in the region and beyond. Imagining that future is what keeps us pushing forward with our development plans."

    For more information, contact:
    World Energy Research
    Level 20 ASB Bank Centre,
    135 Albert Street, Auckland, 1010
    New Zealand
    Phone: 64+93597492
    Fax: 64+93597495

About World Energy Research

World Energy Research (WER) of Auckland, New Zealand is an energy investment firm that nurtures partnerships with governments and international companies to seek out energy projects with the greatest potential for high returns and low environmental impact.

World Energy Research is the parent company of World Energy Capital OFC, an offshore banking company, World Trade Source, a new online trading platform, and the soon-to-be-launched World Energy Media, a news service for the energy sector.

    Media Contact
    World Energy Research
    +64 935 974 92
    admin@worldenergyresearch.com

SOURCE World Energy Research


Leo Wells, President, Wells Real Estate Funds, Elected to NAREIT(R) Board Nov 11, 2009 03:01AM

NORCROSS, GA -- (MARKET WIRE) -- 11/11/09 -- Leo Wells, president and founder of Wells Real Estate Funds, has been elected to the Board of Governors of NAREITŪ, the National Association of Real Estate Investment TrustsŪ. Mr. Wells' election was announced at NAREIT's annual convention, in Phoenix, AZ. Mr. Wells is one of only a few board members who manage nontraded REITs -- real estate companies whose shares do not trade on the major exchanges.

Quotes:

"Our company has been a member and supporter of NAREIT for years, and I'm honored and excited to join the Board of Governors," said Leo Wells. "I hope to help the organization continue to provide leadership to our industry."

"The REIT industry has grown tremendously in just a generation, both in publicly traded companies and in nontraded REITs," said Wells. "I'm looking forward to working with NAREIT members across the industry, as we look to the next era in commercial real estate investing."

About NAREIT

NAREIT is the worldwide representative voice for REITs (Real Estate Investment Trusts) and publicly traded real estate companies with an interest in U.S. real estate and capital markets. NAREIT's members are REITs and other businesses throughout the world that own, operate and finance income-producing real estate, as well as those firms and individuals who advise, study and service those businesses. For more information, visit www.REIT.com.

About Leo Wells

Leo Wells is the founder and president of Wells Real Estate Funds, one of the nation's leading sponsors of public, nontraded real estate investments. Since 1984, Wells Real Estate Funds has served more than 200,000 investors; in one survey of more than 450 Wells REIT investors. Mr. Wells was named Ernst & Young's 2003 Entrepreneur of the Year in financial services, a Distinguished Alumnus by the University of Georgia's Terry College of Business, and a 2006 nominee for the Turknett Leadership Character Awards.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers of this press release should be aware that there are various factors that could cause actual results to differ materially from any forward-looking statements made in this release. Factors that could cause or contribute to such differences include, but are not limited to, changes in general economic and business conditions, industry trends, changes in government rules and regulations (including changes in tax laws), and increases in interest rates. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. This is neither an offer nor a solicitation to purchase securities.

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Contact

Rick Matthews
Rubenstein Communications
(212) 843-8267
rmatthews@rubenstein.com


Research and Markets: So Far, Total Investment in Real Estate Hit 80 Billion Yuan in China, Accounting For 25 Percent of the Social Fixed Asset Investment Nov 11, 2009 03:00AM

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/d0767c/investing_in_china) has announced the addition of the "Investing in China's Real Estate Sector" report to their offering.

The Chinese real estate industry has been experiencing wonderful growth over the last years due to the relatively steady good economy. China is expected to increase 5.5 to 6 billion square meters of housing floor space, or 70 million sets of houses in the coming ten years. The Chinese government has taken real estates industry as a new drive for its economic growth, and has taken various measures to support the industry. So far, total investment in real estate hit 80 billion yuan in China, accounting for 25 percent of the social fixed asset investment.

Aruvian Research's focus report on Investing in the Chinese Real Estate Industry is the ideal guide to have an overview of the real estate industry in China. The report covers all the major markets and looks at the challenging nature of the Chinese real estate market. An analysis of competition, focus on industry trends and growth trends, issues and challenges facing the industry, and much more can be found inside this report. A comprehensive analysis of the major investment markets in China is also given in the report, along with a focus on the major market players.

Key Topics Covered:

    --  Executive Summary
    --  Chinese Macroeconomic Scenario
    --  Real Estate Development in China
    --  Basic Concerns about the Sector
    --  Challenging Nature of Real Estate Development in China
    --  Measures for Sustaining Chinese Real Estate Development
    --  Residential Market
    --  Commercial Market
    --  Property Management Market in China
    --  Leading Markets' Analysis
    --  Foreign Investment in China's Real Estate Sector
    --  Industry Outlook
    --  Appendix
    --  Glossary of Terms

For more information visit http://www.researchandmarkets.com/research/d0767c/investing_in_china


    Source: Research and Markets


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