REC Silicon ASA - Fourth quarter 2015 results - Seite 2

 
There continue to be ongoing negotiations between the US and China towards a resolution of the trade war.  But, as this is a political process, timing and outcome of such a resolution remain uncertain.

 

In light of these developments, Q1 2016 FBR production is expected to be 820 MT, semiconductor production is expected to be 450 MT, and total polysilicon production is expected to be 1,540 MT.  Q1 2016 silicon gas sales are expected to be 600 MT.  The company also expects Q1 2016 polysilicon sales volumes to be approximately in line with Q4 2015 levels.

 

REC Silicon's cash balance on December 31, 2015 was USD 95.4 million.  Given the initiatives currently being undertaken by management to conserve cash, the company will be capable of paying its existing debt obligations in 2016 from existing cash and cash flow from operations under current projections, without seeking additional funding.

 

For more information, please see the attached fourth quarter 2015 report.

 

Morning Program:
The company will give a presentation at 8:00 am CET today at Høyres Hus Konferansesenter, Stortingsgaten 20, Oslo, Norway. The presentation will be in English.
A live webcast from the presentation can be accessed at www.recsilicon.com or the following link hegnar tv webcast
It will also be possible to listen to the presentation through a conference call. Please make sure to dial in 5-10 minutes prior to scheduled start time on one of the following numbers:

 

Norway Toll Free: 800 56053
Norway: [phone]
UK: [phone]
USA:  [phone]
Other international: [phone]
Please provide confirmation code 7726594 and state your name, company and country of residence.

 

Afternoon Program:
REC Silicon will host an analyst conference call later the same day at 3:00 p.m. CET. Please make sure to dial in at least 5-10 minutes ahead of time to complete your registration.

 

Norway Toll Free: 800 56054
Norway: [phone]
UK: [phone]
USA:  [phone]
Other international: [phone]
Please provide confirmation code 2067854 and state your name, company and country of residence.

 

For further information, please contact:
Chris Bowes, Investor Relations
REC Silicon ASA
Phone: [phone]
Email: [e-mail]

 

Nils O. Kjerstad
IR Contact Europe
Phone: [phone]
Email: [e-mail]

 

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 25 years of experience and proprietary technology with the needs of our customers, and 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 Moses Lake, Washington and employs approximately 675 people.

 

For more information, go to: www.recsilicon.com

 

This information is subject of the disclosure requirements acc. to §5-12 Vphl (Norwegian Securities Trading Act)

REC Silicon Q4 2015 presentation
REC Silicon Q4 2015 report

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REC Silicon ASA via Globenewswire

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