Thursday, May 03, 2007

Solar energy corporation, REC, continues to grow with IFS

Renewable Energy Corporation ASA (REC), the Norwegian solar energy company, which is listed on the Oslo Stock Exchange, has signed an agreement valued at close to SKr 17 million with IFS for licenses and consulting services. The agreement with IFS gives REC the agility and support it requires to continue to grow inside Norway and internationally.

The agreement provides REC Wafer and REC Solar with access to IFS Applications. REC Wafer has been an IFS customer since 2002, when the company implemented IFS Applications components for financials, distribution, and maintenance at its production facilities in Glomfjord and Herøya, Norway.

At REC Solar the solution will be implemented step by step, beginning with REC’s new prodution facility for solar cells in Narvik, Norway. REC Solar also produces solar cells in Sweden, and that unit expects to begin to implement IFS Applications next year.

The solar energy industry is a fast-growing sector, expanding by about 45 percent annually in recent years. REC is the world’s leading integrated solar energy company. REC Silicon produces polysilicon,which REC Wafer uses to produce super-thin silicon wafers that are turned into solar cells and solar modules by REC Solar, among others. 
“Agility, scaleability and control are critical issues for us now that we plan to continue to expand. This is what we demand of our production facilities and of our business applications. IFS has demonstrated that it can deliver what we need so we have decided to further develop our collaboration,” said John Andersen jr., Executive Vice President & Group COO at REC.

The high-tech industry is one of IFS’ targeted vertical markets. IFS offers industry-specific solutions for companies in the electronic equipment, electronic component, and semiconductor industries. These solutions support all business processes, from design and mixed-mode manufacturing to after-sales support and warranty management.
IFS’ high-tech customers include Philips Business Communications, NEC, SiRF, Maxon Motor, Kontron, and Olympus Optical.

About IFS and IFS Applications

IFS (OMXS: IFS), the global enterprise applications company, provides solutions which enable organizations to respond quickly to market changes—allowing resources to be used in a more agile way to achieve better business performance and competitive advantage. IFS was founded in 1983 and now has 2,600 employees worldwide. IFS has pioneered component-based ERP software with IFS Applications, now in its seventh generation. IFS’ component architecture provides solutions that are easier to implement, run and upgrade. IFS Applications is available in 54 countries in 22 languages. IFS has over 600,000 users across seven key vertical sectors: aerospace & defense; automotive; high-tech; industrial manufacturing; process industries; construction, contracting & service management and utilities & telecom. IFS Applications provides extended ERP functionality including customer relationship management (CRM), supply chain management (SCM), product lifecycle management (PLM), corporate performance management (CPM), enterprise asset management (EAM) and maintenance repair and overhaul (MRO) capabilities.

Contact Information

Glenn Arnesen

Phone: +47 66 90 78 79

Contact Glenn Arnesen

Vice President Corporate Communications Oliver Pilgerstorfer

Phone: +44 1494 428900

Contact Oliver Pilgerstorfer

Vice President, Corporate Communications Oliver Pilgerstorfer

Phone: 44 1494 428900

Contact Oliver Pilgerstorfer