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centrotherm photovoltaics AG

World's largest shipbuilder brings centrotherm photovoltaics on board: Hyundai Heavy Industries starts mass production in photovoltaics business

Blaubeuren (euro adhoc) -

•	Strategically significant major customer in Korea acquired 
•	250 MW turnkey plant for solar cell production 
•	Current order book position: EUR 712.9 million
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/customer win
Blaubeuren, June 10, 2008 - centrotherm
photovoltaics AG, the internationally leading supplier of technology 
and services for the manufacturing of solar cells and solar silicon, 
books a further business success in the promising future market of 
Korea: Hyundai Heavy Industries Co. Ltd. has ordered five turnkey 
production lines of 50 megawatt (MW) each to manufacture crystalline 
solar cells. Robert Hartung, CEO of centrotherm photovoltaics 
commented: "It gives us great pleasure to enable a further company to
make a successful, industrial entry into the photovoltaics market". 
The centrotherm photovoltaics AG, which is based in Swabia in 
Germany, regards itself as a pioneer in photovoltaics, and to this 
end is targeting its efforts at new markets and new customers. As is 
the case with Hyundai Heavy Industries, increasing numbers of 
customers are coming from other sectors." We are valued as a 
strategic partner, particularly by companies from traditional 
branches of industry, and our many years of experience - especially 
in the turnkey business - prove persuasive," Robert Hartung 
emphasized. The order book position of centrotherm photovoltaics 
currently amounts to EUR 712.9 million.
The five turnkey lines with an installed cell capacity totaling 250 
MW are being set up in the South Korean City of Eumesong, a site of 
Hyundai Heavy in the Northwest of the country. They will be delivered
in 2009. This order represents an industrial entry into a new market 
for the world's largest shipbuilder. With the size of the turnkey 
plant Hyundai Heavy is following a business trend characterized by 
new players entering the market increasingly with large turnkey 
plants as opposed to small lines. The Koreans' decision demonstrates 
that an increasing number of groups identify potential in the solar 
sector, and that European companies such as centrotherm photovoltaics
are the technology partners of choice.
South Korea is one of the largest photovoltaics growth markets. The 
country's government has decided to press ahead with the expansion of
photovoltaics as one of the most important renewable energy sources. 
Research and development has been supported since 2004. An installed 
cell capacity of 500 MW is anticipated by the end of 2009.The focus 
is on process technologies that help to cut costs and achieve greater
reliability. This pleases Robert Hartung: "Crystalline solar cells 
remains our strongest area. We are constantly researching 
improvements in production processes and provide performance 
guarantees for our turnkey lines. This has also convinced our Korean 
customers." All signs continue to point towards further growth at 
centrotherm photovoltaics. The business in Asia, in particular, is 
enjoying stellar growth, and meanwhile accounts for around 70% of 
total revenue.
About centrotherm photovoltaics AG centrotherm photovoltaics AG is an
internationally leading provider of technology and services for the 
production of solar cells and solar silicon. The broad product 
spectrum comprises key equipment and turnkey production lines for 
crystalline and thin-film solar cells. The product range is 
supplemented by reactors and converters for the manufacturing of 
solar silicon. centrotherm photovoltaics guarantees its customers 
important performance parameters such as production capacity, degree 
of efficacy, and completion deadlines for turnkey lines. The 
centrotherm photovoltaics Group currently employs 330 staff members 
at its locations in Blaubeuren, Burghausen, Constance, and Dresden, 
and operates globally in Europe, Asia, and the USA. The company 
achieved revenue in the last financial year of EUR 166.2 million, 
EBIT of EUR 21.1 million, and is listed in the TecDax of the 
Frankfurt Securities Exchange.
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:
Christina Siebels, Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-58 /-31
E-mail: c.siebels@hoschke.de; g.pauli@hoschke.de

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

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