centrotherm photovoltaics AG

EANS-News: centrotherm photovoltaics bundles Solar Cell & Model segment activities within centrotherm cell & module GmbH

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Company Information


Blaubeuren (euro adhoc) - August 24, 2011 - centrotherm photovoltaics AG, the
globally leading provider of technology and equipment to the photovoltaics
sector, will bundle its Solar Cell & Module segment within a wholly-owned
subsidiary in future. This forms part of the consistent strategic further
development of the existing Group structure. "We are convinced that with this
market-oriented organization that is strongly geared to implementation, we have
created an excellent basis for further profitable growth, innovative strength,
and the extension of our technology-leadership," commented Robert M. Hartung,
CEO and Management Board Spokesman of centrotherm photovoltaics AG.

With effect as of September 1, centrotherm cell & module GmbH will take over
the operating activities of the Solar Cell & Module segment, which has been
established within centrotherm photovoltaics AG to date. The segment's assets,
processes and staff that are essential to its operating activities will be
transferred to the new company as a consequence. This organizational step has
no effect on centrotherm photovoltaics´ production units and sites.

Dr. Josef Haase (CEO) and Olaf Demuth (CFO) will manage centrotherm cell &
module GmbH, which is to be based at Blaubeuren. "Our customers will benefit to
an even greater extent from our proximity to them, as well as our individual
project processing and customer care that is more strongly oriented to the
development of solutions," commented Dr. Haase. "As a technology leader, we are
constantly endeavoring to further expand our innovation leadership for high-
performance cells and modules. We support our customers in optimizing their
integration along the solar value chain in this context, in order to boost
their competitiveness and strengthen their cost-leadership."

About centrotherm photovoltaics AG
centrotherm photovoltaics AG, which is based at Blaubeuren, Germany, 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, ingots
and bricks, crystalline solar cells and modules, 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 1,900 staff, and operates globally 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. 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


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

end of announcement                               euro adhoc 
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company:     centrotherm photovoltaics AG
             Johannes-Schmid-Str. 8
             D-89143 Blaubeuren
phone:       +49 (0) 7344 91880
mail:     info@centrotherm.de
WWW:      http://www.centrotherm.de
sector:      Energy
ISIN:        DE000A0JMMN2
indexes:     TecDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München 
language:   English
 



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