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Abonner centrotherm photovoltaics AG

centrotherm photovoltaics AG

EANS-News: Shareholders welcome centrotherm photovoltaics strategy

Blaubeuren (euro adhoc) -

• Management Board explains pioneering developments and products
at the Shareholders' General Meeting
    • Shareholders vote in favor
of all agenda items with a large majority
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
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
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

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

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