centrotherm photovoltaics AG

centrotherm photovoltaics moves forward with expansion strategy

      . new locations in Italy and the US
      . order from US solar cell manufacturer Suniva

@@start.t1@@--------------------------------------------------------------------------------   ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for   the content of this announcement. --------------------------------------------------------------------------------@@end@@


Blaubeuren (euro adhoc) - 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

@@start.t2@@end of announcement                                                 euro adhoc

ots Originaltext: centrotherm photovoltaics AG
Im Internet recherchierbar: http://www.presseportal.ch

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

Weitere Meldungen: centrotherm photovoltaics AG

Das könnte Sie auch interessieren: