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centrotherm photovoltaics AG

centrotherm photovoltaics moves forward with expansion strategy

Blaubeuren (euro adhoc) -

. new locations in Italy and the US
    . order from US solar cell manufacturer Suniva
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/expansion
centrotherm photovoltaics moves forward
with expansion strategy     . new locations in Italy and the US     .
order from US solar cell manufacturer Suniva
Blaubeuren, March 11, 2008 - centrotherm photovoltaics AG, based  in 
the town of Blaubeuren in the Germany state of Baden-Württemberg, has
opened two  new  locations  abroad:  effective  immediately,  the  
provider   of technology and services for the  production  of  solar 
cells  and  solar silicon is  represented  in  Treviso,  Italy  by  
fully-owned  subsidiary centrotherm photovoltaics Italia S.R.L. Italy
offers  attractive  feed-in fees for solar power, and is growing in 
importance for the  photovoltaics industry. In the past, centrotherm 
photovoltaics has already received  an order from Helios, Italy, for 
several megawatt  turn-key  lines  for  the production of solar 
cells. In the future, such orders will  be  processed by locals in 
Italy, in order to provide even faster service locally.
In the US, in Atlanta, Georgia, centrotherm photovoltaics  USA  Inc. 
has also  begun  operations.  This  is  also  a  fully-owned  
subsidiary   of centrotherm photovoltaics AG. The first order in the 
US has already  come in: Atlanta-based Suniva Inc., a new  producer  
of  crystalline  silicone solar cells, has ordered a 25 megawatt 
turn-key line. Delivery will begin in 2008.
By establishing these bases abroad, the company is  moving  forward  
with its strategy of expanding its international  market  position.  
"We  will consequently continue to follow this strategy," says Robert
Hartung,  CEO of centrotherm photovoltaics AG. "We are in process of 
founding  further branches abroad in order to provide even better 
service  locally  to  our international customers." In addition to 
activities in  Asia,  where  the company  currently  derives  70  
percent  of   its   sales,   centrotherm photovoltaics plans to 
further expand business  in  the  US  and  Europe. Hartung: "We 
intend to take advantage of the opportunities offered by the globally
expanding photovoltaics market."
About centrotherm photovoltaics AG centrotherm photovoltaics AG  is  
a  leading  international  provider  of technology and services for 
the  production  of  solar  cells  and  solar silicon. The broad 
range of products ranges from  key  equipment  through turnkey 
production lines. Business  operations  currently  focus  on  the 
growth market of Asia. The international  customer  base  includes  
well- known companies from the solar sector. The company,  which  is 
based  in Blaubeuren near Ulm, currently has more than 230 employees.
centrotherm photovoltaics AG
Johannes-Schmid-Strasse 8
89143 Blaubeuren
Internet: www.centrotherm-pv.de
ISIN: DE000A0JMMN2 WKN: A0JMMN Listing: Regulated Market/Prime 
Standard, Frankfurt Securities Exchange Registered Office: Germany
end of announcement                               euro adhoc

Further inquiry note:

Company contact:
Saskia Schultz-Ebert
Senior Manager Investor Relations
Tel: +49 7344 918-8890
E-mail: saskia.schultz-ebert@centrotherm.de

Press contact:
Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-31
E-mail: g.pauli@hoschke.de

Branche: Energy
ISIN: DE000A0JMMN2
WKN: A0JMMN
Börsen: Börse Frankfurt / regulated dealing/prime standard

Plus de actualités: centrotherm photovoltaics AG
Plus de actualités: centrotherm photovoltaics AG