centrotherm photovoltaics extends silicon production: Acquisition of Michael Glatt Maschinenbau

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

merger, acquisition and takeover

Blaubeuren (euro adhoc) - Blaubeuren, November 14, 2008 - centrotherm
photovoltaics AG is acquiring Michael Glatt Maschinenbau GmbH, which
is based in Abensberg, Bavaria. The company has established itself as
a market leader for pressure containers and apparatus for the
chemicals, pharmaceuticals, and biotechnology industries, among other
industrial sectors, and currently employs a workforce of 80 members
of staff. The company's particular strength lies in its many years of
experience in building chlorosilane containers, and in welding
technology. These containers are capable of withstanding particular
stress, such as extremely high or low pressures and temperatures, and
thus are also be used to produce solar silicon. Büechl Handels- und
Beteiligungs KG, Regensburg, has been the owner of the company to
date. Michael Glatt Maschinenbau generated sales of around EUR 13
million last year. The agreed purchase price for the company amounts
to a single digit figure in millions of euros.

As a leading provider of technology, equipment, and services for the
manufacture of solar silicon, solar cells, and thin-film modules,
centrotherm photovoltaics strives for covering the entire production
process from silicon production through to solar cells under one
roof. The acquisition of Michael Glatt Maschinenbau forms part of the
company's strategy of growing along the value-creation chain,
expanding capacities, and continuously optimizing production
standards through the use of new technologies. centrotherm
photovoltaics is regarding the solar silicon area to which this
acquisition belongs as a growth area.

"The integration of Michael Glatt Maschinenbau allows us to
supplement our range of services in the solar silicon area to include
specialty technology for pressure-container building for reactors,
converters, and other key components for silicon manufacturing. We
are also securing production capacities and know-how for technical
developments in this area," commented Dr. Albrecht Mozer, CEO and CTO
of centrotherm SiTec GmbH. "It allows us to achieve a greater
vertical range of manufacturing while extending our value-creation
chain at the same time." centrotherm photovoltaics concentrates the
silicon expertise in the 100% subsidiary centrotherm SiTec, founded
in October 2008. The company is planning to use the new production
capacities to increasingly implement new reactor and converter
developments in-house in the future, and to produce additional parts
of silicon equipment at the Abensberg location.

About centrotherm photovoltaics AG centrotherm photovoltaics AG,
which is based at Blaubeuren, is one of the world's leading
technology and service-providers for the manufacturing 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. Including the recent acquisition of centrotherm
Thermal solutions, centrotherm photovoltaics currently employs about
900 staff members at its locations in Blaubeuren, Burghausen,
Constance and Dresden. The company operates globally in Europe, Asia
and the USA. In the financial year 2007 centrotherm photovoltaics
achieved revenue of EUR 166.2 million, EBIT of EUR 21.1 million, and
is listed in the TecDax of the Frankfurt Stock Exchange.

end of announcement euro adhoc
--------------------------------------------------------------------------------

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