EANS-News: centrotherm photovoltaics concludes successful ramp-up at LG Electronics

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Company Information

Blaubeuren, June 21, 2010 (euro adhoc) - Reporting a further success
in Asia, centrotherm photovoltaics AG is underlining its position as
an internationally leading provider of turnkey production lines: the
company concluded the ramp-up of two lines for the manufacturing of
crystalline solar cells at its customer LG Electronics. With one line
for mono-crystalline and one line for multi-crystalline solar cells,
the Korean electronics group is entering the photovoltaic business.
"With the first two lines, we have succeeded in entering mass solar
cell production within the shortest possible time span," commented
Mr. Cho, Vice President at LG Electronics. "The aim is to rapidly
expand capacity further in order to participate in the sector's
growth, and to develop into one of the leading solar cells
suppliers."

LG Electronics is particularly benefiting from the fact that, within
the scope of its standardized turnkey lines, centrotherm
photovoltaics is also able to adapt process technology to the
respective material quality of the wafers utilized by individual
customers (silicon substrate for the manufacturing of crystalline
solar cells). In this way, the photovoltaic specialists from
Blaubeuren are able to optimize production processes, and achieve
higher efficiencies and throughput rates. "Together with LG
Electronics, we have successfully implemented a demanding project
plan, and, thanks to our customer's organizational strength, we have
even achieved our targets ahead of schedule," emphasized Robert M.
Hartung, CEO of centrotherm photovoltaics. "We are delighted that,
with LG Electronics, we have been able to help an additional major
company to enter the photovoltaics market."

In the future, centrotherm photovoltaics will manage its customer
relationship with LG Electronics from its Korean branch that was
established in the autumn of 2009.

About centrotherm photovoltaics AG centrotherm photovoltaics AG,
headquartered 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 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:

Saskia Schultz-Ebert

Tel: +49 (0) 7344 918-8890

saskia.schultz-ebert@centrotherm.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