EANS-News: centrotherm photovoltaics bundles Solar Cell & Model segment activities within centrotherm cell & module GmbH

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Company Information

Blaubeuren (euro adhoc) - August 24, 2011 - centrotherm photovoltaics
AG, the globally leading provider of technology and equipment to the
photovoltaics sector, will bundle its Solar Cell & Module segment
within a wholly-owned subsidiary in future. This forms part of the
consistent strategic further development of the existing Group
structure. "We are convinced that with this market-oriented
organization that is strongly geared to implementation, we have
created an excellent basis for further profitable growth, innovative
strength, and the extension of our technology-leadership," commented
Robert M. Hartung, CEO and Management Board Spokesman of centrotherm
photovoltaics AG.

With effect as of September 1, centrotherm cell & module GmbH will
take over the operating activities of the Solar Cell & Module
segment, which has been established within centrotherm photovoltaics
AG to date. The segment's assets, processes and staff that are
essential to its operating activities will be transferred to the new
company as a consequence. This organizational step has no effect on
centrotherm photovoltaics´ production units and sites.

Dr. Josef Haase (CEO) and Olaf Demuth (CFO) will manage centrotherm
cell & module GmbH, which is to be based at Blaubeuren. "Our
customers will benefit to an even greater extent from our proximity
to them, as well as our individual project processing and customer
care that is more strongly oriented to the development of solutions,"
commented Dr. Haase. "As a technology leader, we are constantly
endeavoring to further expand our innovation leadership for high-
performance cells and modules. We support our customers in optimizing
their integration along the solar value chain in this context, in
order to boost their competitiveness and strengthen their
cost-leadership."

About centrotherm photovoltaics AG centrotherm photovoltaics AG,
which is based at Blaubeuren, Germany, 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, ingots and bricks, crystalline solar cells and modules, 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 around 1,900 staff, and operates
globally in Europe, Asia and the USA. centrotherm photovoltaics
achieved revenue in the 2010 financial year of EUR 624,2 million,
EBIT of EUR 75.4 million. The company is listed in the TecDAX index
on the Frankfurt Stock 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

Further inquiry note:
Dr. Torsten Knödler
Manager Public Relations
Tel.: 07344 - 918-8898
E-Mail: torsten.knoedler@centrotherm.de

end of announcement euro adhoc
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company: centrotherm photovoltaics AG
Johannes-Schmid-Str. 8
D-89143 Blaubeuren
phone: +49 (0) 7344 91880
mail: info@centrotherm.de
WWW: http://www.centrotherm.de
sector: Energy
ISIN: DE000A0JMMN2
indexes: TecDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English