EANS-News: centrotherm has been selected as the provider for basic engineering and for the technology concept for large-scale polysilicon project in Saudi Arabia by IDEA Polysilicon Company

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Company Information

Subtitle: • Customer intends to build a polysilicon factory with
annual capacity of 10,000 tonnes • MENA region highly interesting
market for photovoltaic industry

Blaubeuren (euro adhoc) - February 8, 2012 - centrotherm SiTec GmbH,
a 100% subsidiary of centrotherm photovoltaics AG, has signed a
contract for the basic engineering and the technology concept for a
polysilicon factory with IDEA Polysilicon Company (IPC) in Riyadh,
Saudi Arabia. The factory with an annual capacity of 10,000 tonnes
will be situated in the Saudi Arabian city of Yanbu.

All relevant ministries and raw material suppliers, such as the
Ministry of Petroleum and Minerals, Saudi Aramco, the Royal
Commission, National Industrial Clusters, King Abdullah University of
Science and Technology, King AbdulAziz City for Science and
Technology, King Abdullah Center for Renewable Energy, and King
Abdullah Petroleum Studies and Research Center have been invited to
the signing ceremony.

"We are delighted to have been able to attract a renowned partner
such as centrotherm with such expertise along the solar value chain
for our basic engineering and technology concept," said Marwan Al
Ghurair, CEO of IDEA Polysilicon Company.

The criteria for the selection of centrotherm as partner for IPC were
besides the supply of competitive polysilicon technology and
equipment also the subsequent extension opportunity along the solar
value chain up to the module. This includes, for example, the
production of metallurgical silicon and the manufacturing of ingots
and wafers. This will lead to an increase in domestic production and
the creation of new jobs.

The Arab region is an interesting potential growth market for
centrotherm photovoltaics, the world´s leading technology and
equipment supplier in the solar industry, who do more than 90% of
their turnover outside of Germany. "There is tremendous potential for
solar energy in Saudi Arabia and the other states of the MENA region,
which enjoy a lot of sunshine, as solar power is extremely cost
effective compared with other energy sources," said Robert M.
Hartung, CEO and Management Board Chairman of centrotherm
photovoltaics AG.

About centrotherm photovoltaics AG centrotherm photovoltaics AG,
which is based at Blaubeuren, Germany, is the world's leading
technology and equipment provider 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, ingots and bricks, crystalline solar cells and modules, 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 chain. centrotherm
photovoltaics guarantees its customers important performance
parameters such as production capacity, efficiencies, and completion
deadlines. The Group employs around 1,900 staff, and operates
globally in Europe, Asia and the USA. centrotherm photovoltaics
achieved revenue in the 2010 financial year of EUR 624,2 million, and
EBIT of EUR 75.4 million. The company is listed in the TecDAX index
on the Frankfurt Stock Exchange.

Contact:
Saskia Feil
Senior Manager Investor & Public Relations
Tel: +49 7344 918-8890
E-mail: saskia.feil@centrotherm.de

Dr. Torsten Knödler
Manager Public Relations
Tel: +49 7344 918-8898
E-mail: torsten.knoedler@centrotherm.de

Further inquiry note:
Dr. Torsten Knödler
Manager Public Relations
Tel.: 07344 - 918-8898
E-Mail: torsten.knoedler@centrotherm.de

end of announcement euro adhoc
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company: centrotherm photovoltaics AG
Johannes-Schmid-Str. 8
D-89143 Blaubeuren
phone: +49 (0) 7344 91880
mail: info@centrotherm.de
WWW: http://www.centrotherm.de
sector: Energy
ISIN: DE000A0JMMN2
indexes: TecDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English

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