centrotherm photovoltaics AG wins major order in Portugal

Blaubeuren, 30.06.2008

  • Exclusive master agreement with QIMONDA for Itarion Solar Lda
  • Growth strategy confirmed

centrotherm photovoltaics AG is concluding an exclusive agreement with QIMONDA for Itarion Solar Lda. The recently formed joint-venture between QIMONDA and the CENTROSOLAR Group is planning to create production facilities for silicon-based solar cells at Vila do Conde in Portugal. In doing so, Itarion is relying on expertise from Blaubeuren: the master agreement with centrotherm photovoltaics AG, as a leading supplier of technology and services for the manufacturing of solar cells and solar silicon, envisages the delivery of turnkey production lines. This major order includes several lines with a project planning period of two years and guaranteed levels of cell efficiency and production capacity. Delivery of the first line will prospectively be in early 2009.
"We are pleased to accompany QIMONDA and the CENTROSOLAR Group in their entry into solar cell production, and to provide a basis for cost-efficient production of solar cells with our technology and know-how," commented Hans Autenrieth, Management Board member of centrotherm photovoltaics AG. "The order in Portugal confirms our growth strategy. Together with the other orders we have won over recent months, it proves that we have positioned ourselves successfully in the South European growth market."

About centrotherm photovoltaics AG

centrotherm photovoltaics AG, which is based at Blaubeuren, is one of the world's leading technology and service-providers for the manufacturing 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 €166.2 million, EBIT of €21.1 million, and is listed in the TecDax of the Frankfurt Securities Exchange.

centrotherm photovoltaics AG

Johannes-Schmid-Straße 8
89143 Blaubeuren

Listing: Regulated Market/Prime Standard, Frankfurt Securities Exchange
Registered Office: Germany

Company Contact:

Saskia Schultz-Ebert
Senior Manager Investor Relations
T +49 7344 918-8890

Press Contact:

Christina Siebels, Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
T +49 40 3690 50-58/-31
E-Mail to Christina Siebels
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