EANS-News: Shareholders welcome centrotherm photovoltaics strategy

• Management Board explains pioneering developments and products

at the Shareholders' General Meeting
• Shareholders vote in favor
of all agenda items with a large majority

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Annual & Special Corporate Meetings

Subtitle: • Management Board explains pioneering developments and
products at the Shareholders' General Meeting • Shareholders vote
in favor of all agenda items with a large majority

Blaubeuren (euro adhoc) - June 23, 2010 - The shareholders of
centrotherm photovoltaics AG approved with a clear vote the
management's corporate strategy at the Ordinary Shareholders' General
Meeting held on June 22. Shareholders voted in favor of all agenda
items with a large majority of the approximately 200 shareholders
present. The Management and Supervisory boards of the technology and
equipment provider for the manufacturing of solar silicon,
crystalline solar cells and modules as well as CIGS thin film modules
were discharged with respect to the 2009 financial year with a vote
in excess of 99 percent. centrotherm photovoltaics aims to
sustainably reduce production costs for solar silicon, solar cells
and thin film modules with pioneering developments that benefit its
customers. The company is simultaneously further expanding its market
share in countries such as Qatar, India and the USA, and also intends
to launch new products. This was emphasized to shareholders by CEO,
Robert M. Hartung, on Tuesday at the Shareholders' General Meeting in
Neu-Ulm. He went on to note that, besides technology leadership and
extensive customer service, it was particularly employees who
represented a decisive success factor. "We wish to honor their input,
and ensure that they remain loyal to us over the long term," Mr.
Hartung commented. As a consequence, shareholders voted by a large
majority to introduce the "centrotherm photovoltaics AG Stock Option
Plan 2010" to issue share subscription rights to managers and other
staff members of centrotherm photovoltaics AG and its Group
companies. The share-based remuneration is primarily intended to help
staff members to identify with the company and its objectives, and to
think and act entrepreneurially. The majority of shareholders
commented positively on the company's sustained development in
challenging times, and, besides thanking the Management and
Supervisory board, also expressly thanked staff members.

With regard to operational aspects, the company is on a very good
path. centrotherm photovoltaics reduced materials and production
costs last year, and optimized purchasing terms. At the same time,
however, the company has pushed forward into projects of new
dimensions, such as the industrial entry of the world's largest
shipbuilder, Hyundai Heavy Industries, into the photovoltaics market.
"The company is now harvesting the fruits of its strategic and
operational positioning," Robert M. Hartung went on to add.

About centrotherm photovoltaics AG centrotherm photovoltaics AG,
which is based at Blaubeuren, is one of the world's leading
technology and equipment providers 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 modules as well as 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- creation chain.
centrotherm photovoltaics guarantees its customers important
performance parameters such as production capacity, efficiencies, and
completion deadlines. The Group employs around 1,100 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.

end of announcement euro adhoc
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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 & Public Relations

Tel: +49 7344 918-8890, E-mail: saskia.schultz-ebert@centrotherm.de

Press contact:

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

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