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EANS-News: Upturn in turnkey business: two major Chinese companies order turnkey lines to produce crystalline solar cells from centrotherm photovoltaics

Blaubeuren (euro adhoc) -

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Company Information
September 27, 2010 - Positive signals from
the Middle Kingdom: centrotherm photovoltaics AG reports a 
breakthrough in the market trend towards single equipment, and is 
selling turnkey lines to manufacture crystalline solar cells to two 
major Chinese customers. Both of these customers are each investing a
double-digit amount in millions of euros for the systems that each 
comprise a total of 60 MW capacity. The agreements were recently 
signed - a prepayment has already been made for one of the orders.
These two major companies, including one Chinese state operation, 
which is pushing its integration further along the photovoltaic value
chain with its order, are new entrants to solar cell production. This
turnkey solution allows them to secure a rapid production start and a
cost-efficient manufacturing process. While at one customer, the 
system will be shipped by the end of this year, and production will 
start up in the first quarter of 2011, the other customer will 
receive its production components in the first quarter of next year, 
with production start scheduled for the end of the first half of 
2011.
"The turnkey business is starting to recover momentum. New entrants 
are exploiting low barriers to entry, and are receiving 
state-of-the-art technology and premium systems from the market 
leader", explained Dr. Peter Fath, Management Board member at 
centrotherm photovoltaics responsible for Technology and Marketing. 
The prospects are also pleasing: "We are engaged in advanced and 
promising discussions with further companies globally."
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 1,300 staff members, and
operates in Europe, Asia and the USA. In the 2009 financial year, 
centrotherm photovoltaics achieved revenue of EUR 509.1 million, and 
EBIT of EUR 37.2 million. The company is listed in the TecDax of the 
Frankfurt Securities 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
Christina Siebels, Britta Cirkel
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-58 /-56,
E-mail:  c.siebels@hoschke.de;  b.cirkel@hoschke.de
end of announcement                               euro adhoc

Further inquiry note:

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
Düsseldorf / free trade
München / free trade

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