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centrotherm photovoltaics AG

EANS-News: centrotherm photovoltaics acquires 14.4 percent of Sunshine PV Corp.

Blaubeuren (euro adhoc) -

• Initial investment in Taiwanese CIGS thin film manufacturer
    • Minority stake costs single-digit amount in millions of euros
    • Joint development of second thin film generation
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
Subtitle:     • Initial investment in Taiwanese CIGS thin film 
manufacturer     • Minority stake costs single-digit amount in 
millions of euros     • Joint development of second thin film 
generation
November 30, 2010 - centrotherm
photovoltaics AG has purchased 14.4 percent of the share capital of 
Taiwanese CIGS thin film solar module manufacturer Sunshine PV Corp. 
Wholly-owned centrotherm photovoltaics subsidiary Photovoltaics Asia 
Invest Pte. Ltd., Singapore, has invested a single-digit amount in 
millions of euros in Sunshine as part of a capital increase. The 
stake is to be expanded to a total interest of around 25 percent 
early next year.
With the share purchase, centrotherm photovoltaics has taken an 
important strategic step to introduce new second-generation selenium 
plants at Sunshine, thereby advancing centrotherm photovoltaics' CIGS
thin film technology. The investment enables a close cooperation with
Sunshine that allows manufacturing systems to be operated and further
optimized under real mass production conditions.
"We are pleased to further develop this second thin-film generation 
jointly with Sunshine. CIGS thin-film technology offers enormous 
potential. With this step, we are backing this future market in a 
targeted manner", comments Dr. Frank Stubhan, Chief Executive Officer
(CEO) of centrotherm photovoltaics AG's Thin Film Module division. 
"We are currently experiencing major interest for CIGS technology 
from potential new customers." Together with its Taiwanese customer, 
the South German company is working on boosting efficiency and 
throughput at the pilot plant. Sunshine is currently starting to sell
the first modules from its Taiwanese production base.
About centrotherm photovoltaics AG centrotherm photovoltaics AG, 
which is based at Blaubeuren, is the world's leading technology and 
equipment provider for the photovoltaics sector. The company equips 
well-known solar companies and new sector entrants with turnkey 
production lines and single equipment to manufacture silicon, 
crystalline solar cells and thin film modules. As a consequence, the 
Group possesses a broad and well-founded technological basis as well 
as key equipment at practically all steps of the photovoltaics value 
chain. centrotherm photovoltaics guarantees its customers important 
performance parameters such as production capacity, efficiencies, and
completion deadlines. The Group employs around 1,400 staff, and 
operates globally in Europe, Asia and the USA. centrotherm 
photovoltaics achieved revenue in the 2009 financial year of 
EUR 509.1 million, EBIT of EUR 37.2 million, and is listed in the 
TecDax of the Frankfurt Securities Exchange.
Contact:
Saskia Feil
Senior Manager Investor & Public Relations
Tel: +49 7344 918-8890
E-mail:  saskia.feil@centrotherm.de
Dr. Torsten Knödler
Manager Public Relations
Tel: +49 7344 918-8898
E-mail:  torsten.knoedler@centrotherm.de
Christina Siebels, Britta Cirkel
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-58 /-56
E-mail:  c.siebels@hoschke.de;  b.cirkel@hoschke.de
end of announcement                               euro adhoc

Further inquiry note:

Dr. Torsten Knödler
Manager Public Relations
Tel.: 07344 - 918-8898
E-Mail: torsten.knoedler@centrotherm.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Index: TecDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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