SCHOTT Solar AG
SCHOTT Solar prepares itself for the growing U.S. market
SCHOTT Solar AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Intersolar 2009 SCHOTT Solar prepares itself for the growing U.S. market - New plant opens in the U.S. with the world's first combined solar manufacturing - Further expansion of production capacity in Europe - New module generation for roof-integrated solar systems the exhibition highlight Mainz/Munich, May 28, 2009 - SCHOTT Solar AG continues to expand its production capacities in the fields of Concentrated Solar Power (CSP) and Photovoltaics (PV). At the beginning of May, the solar company celebrated the opening of a new manufacturing facility for photovoltaic modules and receivers for solar thermal power plants in Albuquerque, New Mexico (U.S.A.). This makes SCHOTT Solar the only company in the world that produces both high-quality receivers for solar power plants that utilize parabolic trough technology, as well as components for photovoltaic applications. 'Solar energy offers one of the most important alternatives for securing the power supply of the future, therefore investing in solar energy today is clearly the right step for us to take. By doing so, we create stable jobs that are extremely valuable in uncertain times like these,' emphasizes Dr. Martin Heming, Chief Executive Officer (CEO) of SCHOTT Solar AG. Technology for solar power plants and photovoltaics under one roof SCHOTT Solar opened a new plant in Albuquerque, New Mexico, on May 11 and has invested more than 100 million dollars in the new production facility that created 350 new jobs initially. Plans call for both the number of employees and the production capacity to continue to increase in the years to come. The new facility in Albuquerque is now the world's first manufacturing site at which photovoltaic modules and receivers for solar thermal power plants are to be manufactured under one roof. During the first phase, the annual production capacity for photovoltaic modules will be as high as 85 MW. With respect to receivers, the company plans to achieve an annual production capacity of up to 400 MW. Besides this new facility in Albuquerque, SCHOTT Solar has also further expanded its sites in Aznalcóllar (Spain), Alzenau (Germany) and Valasske Mezirici (Czech Republic). In the field of photovoltaics, a total of 360 megawatts of module capacity is to be achieved by the end of the fiscal year (ends September 30, 2009). The CSP division plans to achieve a production capacity of one gigawatt of electrical output. 'With our manufacturing sites in Europe and the United States, we now have local presence in what we consider to be the key markets for solar technology,' notes Dr. Martin Heming in commenting on the internationalization strategy at SCHOTT Solar. Exhibition highlight 2009 SCHOTT Solar announced a completely new generation of modules for roof-integrated solar systems at Intersolar. The modules of the new InDaX 225 Series actually replace conventional roofing tiles and yet perform two different functions: They protect the house from wind and weather at the same time that they produce environmentally friendly electricity - and actually look great, too. With a nominal output of more than 200 W, the new series delivers even more energy to the roof. The new products are expected to be available for purchase starting in March 2010. *** Number of characters: 3.254 including empty spaces SCHOTT InDaX(TM) is a registered trademark of SCHOTT Solar AG. Further information is available under www.schottsolar.com Press photographs are available for downloading under www.schott-pictures.net You will also find this press release under www.ffpress.net/Kunde/SOLE/ SCHOTT Solar, with its high quality products, enables the potential of the sun as a nearly inexhaustible source of energy to be utilized. And it's for exactly that reason that SCHOTT Solar produces important components for photovoltaic applications and solar energy plants. In the photovoltaic industry, the company is one of the few integrated manufacturers of crystalline silicon wafers, cells and modules. The production of the wafers is ensured by the WACKER SCHOTT Solar joint venture, which also secures the supply of silicon, enabling long-term growth. In thin-film technology, SCHOTT Solar also describes itself an advanced supplier due to having over twenty years of experience. And in the production of receivers for solar power plants, SCHOTT Solar sees itself as a market and technology leader. The receivers are key components in large-scale power plants that generate electricity from solar energy centrally on the basis of parabolic trough technology and are able to supply entire cities with power. SCHOTT Solar has production facilities in Germany, the Czech Republic, the USA and Spain. The innovative power and technological competence of the company date back to the late 1950s. SCHOTT Solar GmbH is a wholly owned subsidiary of the international SCHOTT technology group. SCHOTT develops special materials, components and systems for the household appliance, pharmaceutical, solar energy, electronics, optical and automotive industries. With around 17,300 employees, the SCHOTT Group generated a worldwide turnover of about 2.2 billion euros in fiscal year 2007/2008. Contact: SCHOTT Solar AG Lars Waldmann Press and Public Relations Phone: +49 (0)6023 - 91 1811 Fax: +49 (0)6023 - 91 1700 lars.waldmann@schottsolar.com www.schottsolar.de SCHOTT Solar AG Burkhard Söhngen Investor Relations Tel: +49 (0)6023 - 91 1819 Fax: +49 (0)6023 - 91 1700 burkhard.soehngen@schottsolar.com www.schottsolar.de 28.05.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------
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