centrotherm photovoltaics AG

centrotherm photovoltaics founds branch in Taiwan

- Important step towards implementing strategy - Strong international market position expanded

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Blaubeuren (euro adhoc) - January 10, 2008 - centrotherm photovoltaics AG has founded a branch in Taiwan: centrotherm photovoltaics Asia Pte. Ltd. Taiwan Branch. "This step allows us to continue our strategy of expanding our market position, and we are also establishing ourselves as one of the leading international providers of technology and services for the production of solar cells and solar silicon," explained Robert Hartung, CEO of centrotherm photovoltaics AG. centrotherm photovoltaics is planning to create and expand further service and sales companies, particularly in Asia and the US.

The branch in Taiwan is a subsidiary of the Asian company centrotherm photovoltaics Asia Pte. Ltd., which is headquartered in Singapore. This company is 100 percent owned by centrotherm photovoltaics AG.

The introduction of a statutory subsidy program for renewable energies is planned in Taiwan. The aim is to raise Taiwan's photovoltaic output to 21 megawatt-peak by the year 2010 with the help of direct state subsidies and legally binding input tariffs for renewable energy sources.

centrotherm photovoltaics is already generating around 70 percent of its revenue in the Asian region.

About centrotherm photovoltaics AG centrotherm photovoltaics AG is a leading international provider of technology and services for the production of solar cells and solar silicon. The broad range of products ranges from key equipment and turnkey production lines through to complete solar factories. Business operations currently focus on the growth market of Asia. The international customer base includes well-known companies from the solar sector. The company, which is based in Blaubeuren near Ulm, currently has more than 230 employees.

end of announcement                               euro adhoc

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:
Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 3690 50-31
E-mail: g.pauli@hoschke.de

Branche: Energy
Börsen: Börse Frankfurt / regulated dealing/prime standard

Original-Content von: centrotherm photovoltaics AG, übermittelt durch news aktuell

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