SCHOTT Solar AG
SCHOTT Solar expands leading position in the concentrated solar power (CSP) business
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. ---------------------------------------------------------------------- SCHOTT Solar expands leading position in the concentrated solar power (CSP) business • Major contracts in important growth markets signed • Project with high visibility in the Middle East • Investment Tax Credits in the US yield additional planning security Mainz, 7 October 2008 – Recent weeks have seen SCHOTT Solar continue to secure important major contracts in promising solar thermal power plant markets: SCHOTT Solar CSP GmbH, a wholly owned subsidiary of SCHOTT Solar AG, signed contracts for the supply of more than 65,000 receivers to the Middle East and the USA. The recently approved Investment Tax Credits for renewable energies in the US yield additional planning security for future CSP projects. In addition to that the company recently announced a contract for the supply of 80,000 receivers to a Spanish customer for projects in Southern Europe, the single biggest order ever filed by the CSP business. 'These contracts impressively illustrate our leading position in the CSP area. At the same time, these contracts in three important growth regions highlight the international importance of SCHOTT Solar CSP GmbH as the leading manufacturer of a key component of solar thermal power plants using parabolic trough technology,' said Dr. Martin Heming, CEO of SCHOTT Solar AG. The planned project in the Middle East has the potential to send a signal to the entire region which today relies almost exclusively on fossil fuels for electricity generation. However, the region is not only rich in oil and gas resources but, at 1,975 kWh/m², also benefits from an average annual insolation which is almost twice as high as in Germany. The sun-belt regions of the USA offer highly attractive conditions for solar thermal power plants as well. The solar power plants installed in the early eighties in California’s Mojave desert have long demonstrated that parabolic trough technology is well capable of delivering steady and dependable energy yields on a sustainable basis. A few months ago, the launch of the 64 Megawatt 'Nevada Solar One' power plant near Las Vegas marked an impressive renaissance of this technology, demonstrating the scalability and attractiveness of solar thermal power plants. In Addition, Florida Power & Light Company recently announced its plan to construct a 'Hybrid' Energy Center coupling solar thermal technology with an existing combined-cycle power plant. The receivers for this energy center will be supplied by SCHOTT Solar. Further dynamics for new CSP projects in the US arise from the recently approved governmental support for renewable energies. By the end of last week President George W. Bush and the House passed the proposal for the prolongation of the so called Investment Tax Credits (ITC) which had been submitted by the Senat shortly before. The supportive scheme for solar projects now has a duration of eight years and will provide a fundamental additional planning and realisation security especially for the CSP market. * * * NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN AND AUSTRALIA. * * * This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in SCHOTT Solar AG (the 'Shares') may not be offered or sold in the United States of America or to or for the account or benefit of 'U.S. persons' (as such term is defined in Regulation S under the Securities Act of 1933, as amended (the 'Securities Act')) absent registration or an exemption from registration under the Securities Act. The Shares have not been and will not be registered under the Securities Act. No offer or sale of securities is being made to the public outside Germany. In Germany, the offer is made exclusively by means of and on the basis of the German language Offering Memorandum. The German language Offering Memorandum (including its supplements) is available free of charge on the Company's website www.schottsolar.de. On request, it may also be obtained in printed form from the Company (Hattenbergstr. 10, 55122 Mainz) and Commerzbank AG, Kaiserstraße 16 (Kaiserplatz), 60311 Frankfurt/Main, Deutsche Bank AG, Grosse Gallusstraße 10-14, 60311 Frankfurt/Main, J.P. Morgan Securities Ltd., Junghofstraße 14, 60311 Frankfurt/Main, and Landesbank Baden-Württemberg, Am Hauptbahnhof 2, 70173 Stuttgart, during the regular business hours. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order') or (iii) high net worth companies and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as 'relevant persons'). The securities are only available to, and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. About SCHOTT Solar AG: SCHOTT Solar’s high quality products exploit the virtually inexhaustible potential of the sun as a renewable source of energy. For this purpose SCHOTT Solar produces important components for photovoltaic applications and solar energy plants with parabolic trough technology. In the photovoltaic industry, the company is one of the few integrated manufacturers of crystalline silicon wafers, solar cells and photovoltaic modules. Wafer production is mainly carried out through a WACKER SCHOTT Solar joint venture, which ensures the supply of silicon necessary for long-term growth. Thanks to over 20 years of experience in thin-film technology, SCHOTT Solar also regards itself as one of the industry’s cutting-edge companies. In receiver production for solar power plants with parabolic trough technology, SCHOTT Solar considers itself to be the 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 can supply entire cities with power. SCHOTT Solar has production facilities in Germany, the Czech Republic, the USA and Spain. SCHOTT Solar’s innovative power and technological expertise date back to the late 1950s. The main shareholder of SCHOTT Solar AG is SCHOTT AG, Mainz. SCHOTT develops special materials, components and systems for the household appliance, pharmaceutical, solar energy, electronics, optical and automotive industries. With around 16,700 employees, the SCHOTT Group generated a worldwide turnover of about 2.1 billion euros in fiscal year 2006/2007. Contact: SCHOTT Solar AG Lars Waldmann Presse und Öffentlichkeitsarbeit Tel: +49 (0)6023 - 91 1811 Fax: +49 (0)6023 - 91 1700 lars.waldmann@schott.com www.schottsolar.de Haubrok Investor Relations GmbH Michael Werneke/Simone Gorny Tel: +49 (0)211 - 30126 109 Fax: +49 (0)211 - 30126 5109 ir.schottsolar@haubrok.de www.haubrok.de 07.10.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: SCHOTT Solar AG Hattenbergstraße 55122 Mainz Deutschland Phone: +49 (0) 6023 / 91-05 Fax: +49 (0) 6023 / 91-1700 E-mail: ir.schottsolar@haubrok.de Internet: www.schottsolar.com ISIN: DE000A0RAS03 WKN: A0RAS0 Listed: Regulierter Markt in Frankfurt (Prime Standard) Notierung vorgesehen / designated to be listed End of News DGAP News-Service ---------------------------------------------------------------------------
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