Ralos New Energies AG
BGI EcoTech AG starts the new year with a high level of orders
BGI EcoTech AG / Miscellaneous 12.01.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Corporate News from 12 January 2010 BGI EcoTech AG starts the new year with a high level of orders - Orders amount to EUR 32 million at the start of 2010 - Major order received for 5.2 MW PV system in Germany - Capital increase of EUR 1.27 million through the issue of shares priced at EUR 10 to Board of Directors member Heinrich Dauscher Kassel/Griesheim, 12 January 2010: Today BGI EcoTech AG announced the conclusion of the first projects from the project pipeline published in December 2009 with a total output of more than 140 MWp. In contrast to the previous year, BGI EcoTech AG is thus starting the new year with a well-filled order book. As at 1 January 2010, orders amounted to around EUR 32 million (previous year: almost no signed orders). The good level of orders results from the development work carried out in sales in 2009 as well as internationalisation and reflects the strong demand for domestic roof systems in Germany and positive business performance in northern Italy and the Czech Republic. The orders also include an order for a German open-field PV system with an output of 5.2 MW. For the coming months, the Company expects strong demand in the domestic roof business to continue and the relevant contracts to be signed. It is also expected that further major orders will be concluded in Germany, Italy, the Czech Republic and the Middle East. This thus confirms the record forecasts for the 2010 financial year published in November 2009, which foresee a significant improvement in the sales and earnings situation compared with the 2008, a record year. The Company has also announced a capital increase through the conversion of liabilities into equity. Board of Directors member Heinrich Dauscher has converted receivables in the amount of around EUR 1.270 million into 126,995 shares at a conversion price of EUR 10. As a result of the conversion, Heinrich Dauscher has increased his share in BGI EcoTech AG by 2.2 percentage points to 8.7 %. Following entry of these shares and the shares issued to ING Bewaar Mattschappij VII B.V. in November, the number of shares outstanding amounts to 5,384,154. Further tranches of the agreements announced in December for the conversion of liabilities from the acquisition of the Ralos Group in the remaining amount of EUR 1.267 million through issuing shares at a price of EUR 10 per share are to be implemented in the near future. The Board of Directors About BGI EcoTech AG: BGI EcoTech AG is a company specialising in the renewable energies growth market, with a particular focus on photovoltaic systems. BGI EcoTech AG, which was founded in 1990, operates as a holding company. With subsidiaries and distribution companies in Germany, Austria, Spain, Italy, Canada, Czech Republic and Dubai, BGI is represented in the most important and potentially fastest growing markets worldwide. The company's largest holding is Ralos Group, one of Europe's leading premium system solutions providers in the photovoltaic field. The company develops, plans, constructs and operates innovative photovoltaic plants, the capacity of which ranges from private solar power systems to powerful large-scale power plants of all sizes. Company contact: BGI EcoTech AG Dieselstraße 12 64347 Griesheim Tel.: +49 (0)6155 868188 0 Fax: +49 (0)6155 868188 18 info@bgi-ecotech.de www.bgi.ralos.de Investor Relations contact: GFEI Aktiengesellschaft Hamburger Allee 26-28 60486 Frankfurt am Main Tel.: +49 (0) 69 74 30 37 00 Fax: +49 (0) 69 74 30 37 22 bgi-ecotech@gfei.de www.gfei.de 12.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: BGI EcoTech AG Kuhbergstr. 28 34131 Kassel Deutschland Phone: +49 (0)561-93 87 70 Fax: +49 (0)561-93 87 744 E-mail: info@bgi-ecotech.de Internet: www.bgi-ecotech.de ISIN: DE0005203004 WKN: 520300 Listed: Freiverkehr in Berlin, Stuttgart; Entry Standard in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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