centrotherm photovoltaics AG

EANS-News: entrotherm photovoltaics sells turnkey module line to Austrian customer Kioto Photovoltaics

• 50 megawatt turnkey system to start production in second half of 2011 in Carinthia • Order volume in single-digit, million euro range

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Company Information

Subtitle: • 50 megawatt turnkey system to start production in second half of 2011 in Carinthia • Order volume in single-digit, million euro range

Blaubeuren (euro adhoc) - March 2, 2011 - centrotherm photovoltaics AG, a pioneer in the turnkey production of crystalline solar cells, has sold a turnkey module line to Austria. Kioto Photovoltaics GmbH is investing a single-digit amount in millions of euros for a turnkey 50 megawatt system to manufacture crystalline solar modules. The agreement with the solar module and turnkey photovoltaic powerplant manufacturer from Veit/Glan near Klagenfurt was signed recently, and a prepayment has already been made.

"In Kioto Photovoltaics, we have gained an innovative European customer and professional development partner", commented Dr. Peter Fath, Management Board member responsible for Technology and Marketing at centrotherm photovoltaics. "Our aim is to support Kioto in further reducing their manufacturing costs, and in becoming a premium cost-leader in module production within Western Europe."

The turnkey system will be delivered to Kioto Photovoltaics in the second quarter of this year, and the first solar modules will be produced from the start of the third quarter of 2011.

"We are confident of a significant competitive advantage as the result of deploying state-of-the-art technology from market leader centrotherm", commented Ingram Eusch, Managing Director of Kioto Photovoltaics GmbH, which is thereby expanding its production capacity to 120 megawatts. "Innovations enjoy a high priority for both centrotherm and us, which gives rise to an interesting development partnership."

centrotherm photovoltaics' partner for the turnkey module line is Reis GmbH & Co. KG Maschinenfabrik in Obernburg am Main. Reis Robotics, the global market leader for automation systems in the photovoltaic industry, will supply the automation technology and linking system for the turnkey module line. A cooperation agreement has existed since April 2010 between Reis Robotics and centrotherm photovoltaics, which commands more than 30 years of photovoltaic experience.

The globally leading provider of technology and equipment to the photovoltaic sector guarantees important performance parameters for crystalline module manufacturing - as also with other centrotherm photovoltaics turnkey products in the solar cell area.

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 over 1,400 staff members, and operates in Europe, Asia and the USA. centrotherm photovoltaics achieved revenue in the 2010 financial year of EUR 624.2 million, EBIT of EUR 75.4 million, according to provisional figures. The company is listed in the TecDAX index on the Frankfurt Stock 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

end of announcement                               euro adhoc
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Contact:

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
DĂĽsseldorf / free trade
MĂĽnchen / free trade



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