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

• Strategically significant major customer in Korea acquired

• 250 MW turnkey plant for solar cell production

• Current order book position: EUR 712.9 million

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companies/customer win

Blaubeuren (euro adhoc) - 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.

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

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