AUTEV AG
AUTEV AG: Capital increase supports growth plans
AUTEV AG / Key word(s): Miscellaneous 18.07.2011 / 20:00 --------------------------------------------------------------------- - Successful placement of 89,232 shares at a subscription price of EUR 15.00 per share - Gross issuing proceeds of approximately EUR 1.3 m. - Expansion of the product capacities in the LED business area - Tim David will be Managing Director of the hereto founded project company 'AuLED GmbH' Brandenburg an der Havel, July 18, 2011 - AUTEV AG, an international operating engineering and service company in the business areas of LED lighting technology, industry and environmental technology, has been generated a gross issuing proceed of approximately EUR 1.3 m. by its conducted capital increase, Within the subscription period, 89,232 new shares EUR 15.00 each were subscribed. With the registration of the new shares in the commercial register, the authorized capital of AUTEV AG will increase from EUR 769,536.00 at the present to EUR 858,768.00. The conducted capital increase strengthens the equity base and provides the company with the necessary financial latitude for further implementation of the striven growth plans. Especially, the full capacity utilization in the business area LED industry lamps limits the increase of sales potential in this strong growing and appealing market. Accordingly, the received financial resources will be used for the expansion of the current production capacity in the area of LED industry lamps. Hereto founded project company 'AuLED GmbH', a fully-owned subsidiary of AUTEV AG, will be led by Tim David as Managing Director, who will bring in his expertise and know-how, as board member of AUTEV AG, into his new position. As a result, former personnel plannings have become irrelevant. 'With the expansion of our manufacturing capacities we react to the undiminished strong demand for LED industry lamps. For this, the received financial resources allow us to undertake necessary investments. It is our goal to expand sustainably our strong market position and to realize the identified sales and earnings potentials of AUTEV AG', says Tim David, board member of AUTEV AG. The Management Board About AUTEV AG Over the years, the AUTEV AG has developed into an efficient and internationally operating engineering and service company. The company plans, develops, produces, programs and delivers sophisticated machinery and facilities throughout the world. Additionally, the company is striving to achieve technology and market leadership in new fields of business. As a result the company successfully entered the market for energy efficient and CO2 reducing lighting technology. Following two years of research, the AUTEV AG successfully introduced AuLED into the market. AuLED is an innovative and energy saving street lamp, based on ultra-modern LED technology, which is already currently being widely used. Additional information about AUTEV AG can be found at www.autev.de AUTEV AG Carl-Reichstein-Str. 6 D-14770 Brandenburg a.d.H. Telefon: +49 (0)3381 80 43 630 Telefax: +49 (0)3381 80 43 635 E-Mail: info@autev.de End of Corporate News --------------------------------------------------------------------- 18.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 132397 18.07.2011
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