Munich, Germany, May 8, 2025 - During Intersolar Europe 2025, the world's largest and most influential solar energy industry event, Suzhou HORAD New Energy Equipment Co.,Ltd( referred to as " HORAD ") and leading enterprises in the Greek new energy field, ELLINIKA FOTOVOLTAIKA SYSTIMATA S.A. (referred to as Ellifos) and ANAKYKLOSI ILIAKON SYSTIMATON S.A. (referred to as ANILIS) signed strategic cooperation memorandums respectively. Liao Manyuan, the chairman of HORAD, Yuan Maolin, the director of overseas sales, and the CEO of the partner Mr.Savvidis Dimitrios jointly attended the signing ceremony to witness this significant moment.

The dual agreements have been officially implemented, promoting the coordinated development of technology and industry.
Cooperate with Ellifos Company: Solar module production line to accelerate technology application.
According to the agreement signed this time, HORAD and Ellifos will join hands to establish a joint project team and set up a regular communication mechanism among senior management, building a solid bridge for the cooperation between the two sides. Both sides will jointly promote the technological research and development and industrialization of the high-efficiency solar module production line. HORAD, with its profound accumulation in the global leading field of photovoltaic whole line intelligent manufacturing overall solutions, combined with Ellifos' rich channel resources in the Greek and European markets, is expected to promote the large-scale application of the new generation of photovoltaic technology. This cooperation will further strengthen the core advantages of both sides in the global photovoltaic technology competition and inject new vitality into the development of the photovoltaic industry.

ANILIS: jointly research photovoltaic recycling line technology to promote green recycling development.
The collaboration between HORAD and ANILIS focuses on the key track of photovoltaic module recycling. Both sides will jointly establish a technical research and development team to concentrate efforts on breaking through core technical problems such as the separation, purification and recycling of photovoltaic module materials. With the goal of building a leading intelligent production line in Europe, we actively promote the international certification of photovoltaic circular economy technical standards. This cooperation actively responds to the requirements of the EU's "New Battery Regulation" for the full life cycle management of photovoltaic modules, laying a solid foundation for HORAD to expand the European green energy service market. It will also help build an environmental protection system for the entire life cycle of the photovoltaic industry and promote the closed loop of the green industry.

Liao Manyuan, the chairman of HORAD, stated at the signing ceremony that as a globally leading provider of complete line solutions for photovoltaic intelligent equipment, HORAD has always been customer-oriented and empowered services through innovation. We have always adhered to the mission of "technological innovation + green circulation", promoting the extension of the photovoltaic industry chain and the upgrading of the value chain to enter a new stage, and contributing to the realization of the global carbon neutrality goal. This collaboration with Ellifos will accelerate the commercialization process of the photovoltaic intelligent manufacturing complete line solution in the European market, marking a new milestone for mutual development and win-win results. The cooperation with ANILIS in the recycling line field has provided an important opportunity for the company to expand into the European green energy service market.
Mr. Dimitris Savvidis,CEO of Ellifos also stated: This project is an important part of our localization strategy and will strongly assist Ellifos in responding to the demands of the global market. In the future, both sides will leverage their respective strengths, continue to focus on the directions of internationalization, intelligence and green development, deepen the cooperation model, and jointly contribute to the high-quality development of global clean energy.

Mr.Dimitris Savvidis,CEO of ANILIS is full of confidence in the cooperation: This cooperation with HORAD is of great significance. Both sides will join hands to build an environmental protection system for the entire life cycle of the photovoltaic industry and promote the closed loop of the green industry. Through resource recycling, green employment, technological innovation and other paths, promote the photovoltaic industry to make a leap from "clean energy production" to "green throughout the entire life cycle", providing key support for the low-carbon transformation of society.
HORAD has demonstrated its strength and achieved remarkable results in its global layout.As a national high-tech enterprise, HORAD has always been deeply committed to implementing the strategies of "building a manufacturing power" and "dual carbon". Through the integration of innovative technologies and a global layout, HORAD has established a complete overall solution for intelligent manufacturing of photovoltaic production lines, playing an active role in accelerating the transformation of the global new energy industry towards low-carbonization, unmanned operation and intelligence.

In the global market, HORAD has accumulated rich delivery experience and a good brand reputation. It has established 7 subsidiaries and 4 overseas technical service stations worldwide, and its products are exported to 25 countries such as the United States, India, Turkey, Brazil and Japan. In the future, HORAD will maintain a high-quality and efficient cooperation model with Ellifos and ANILIS. Relying on its leading technological strength and outstanding delivery capabilities, it will continue to provide global customers with more high-quality and efficient intelligent equipment solutions, and work together to promote the global new energy equipment industry towards a new journey of high-quality development.