Cologne, November 22, 2011 SolarFuel, a global provider for chemical storage solutions, has signed a Letter of Intent (LOI) with IT services provider MODCOMP.

MODCOMP, leading in cloud-based technology and service concepts, will provide a complete IT-as-a-Service solution consisting of hardware, software and required services on a monthly consumption-based fee.

SolarFuel, currently regarded as one of the most innovative companies in converting renewable electricity into synthetic natural gas, has recently received high attention for a large-scale project converting green electricity surpluses into renewable methane.  Now the Stuttgart-based company has confirmed with the signing of the LOI their intention to appoint MODCOMP with the comprehensive support of their total IT environment.

„We want to act for SolarFuel as an external IT department, which provides a modern and efficient IT infrastructure for the company,” Wolfgang Schlegel, IT expert from MODCOMP in Cologne, said. „We will support every Solar Fuel employee with all required devices, applications and services for his role in the company, integrated in a transparent cloud infrastructure. The individual IT requirements are the focus of our technical offering and billing.*

„It is important for us that the IT supports us in our individual working style, at the same time we want to fully concentrate on our core tasks“, explains SolarFuel CFO Dr. Karl Maria Grünauer. Therefore we really appreciate the all-inclusive offer from MODCOMP.  MODCOMP’s deep experience and expertise with cloud solutions makes them an ideal partner for us.”

 
About SolarFuel
SolarFuel develops, distributes and sells complete facilities for generating synthetic methane from renewable energy sources in industry scale. In accordance with the vision “Smart Energy Conversion” SolarFuel GmbH, Stuttgart, is developing into a global leading provider for chemical storage solutions.
SolarFuel is headquartered in Stuttgart. The company was founded in Salzburg, Austria in 2007. Founder and CEO is Gregor Waldstein.
www.solar-fuel.net

About MODCOMP
MODCOMP is a leading reseller of IT systems and solutions. MODCOMP combines best-of-breed product selection with tailored IT installation and integration services designed to fit the customer's needs. For over 30 years, MODCOMP has consistently helped its customers leverage the value of their IT investments. A subsidiary of CSP Inc., MODCOMP has offices in Germany, U.K. and U.S.. For more information about the company and its products and services, visit MODCOMP on the Web at www.modcomp.com

Media Contact:

Modular Computer Systems GmbH
Ulrich Wickers
Business Development Manager

Phone    +49 (0) 221 954466-28

Fax    +49 (0) 221 954466-99

Mobile    +49 (0) 170 8425871

ulrich.wickers@modcomp.de