Schweizer Electronic AG

Regulatory Filings • Nov 20, 2011

News Details

Ad-hoc | 20 November 2011 16:59

Schweizer Electronic AG: Start of Production for Solar Cells and Modules in China

Schweizer Electronic AG / Key word(s): Strategic Company Decision

20.11.2011 16:59

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Schramberg, November 20, 2011 - Schweizer Electronic AG (ISIN: DE005156236)
today decided to build and operate a production plant for solar cells and
modules with up to four 100 MW production lines in Nantong, China, to be
managed by their division Energy. The investment volume for building the
first production line accounts for 50 to 60 million US Dollar.

The target market for the high efficiency solar modules, which are based on
monocrystalline cells, will mainly be Asia Pacific, in particular China.

As a basis for the investment decision Schweizer Energy Pte. Ltd., a
daughter company of Schweizer Electronic AG located in Singapore, has
reached an according agreement with the responsible development company of
the City of Nantong.

For building the first production line Schmid Group, Freudenstadt, will be
the strategic technology partner of Schweizer Electronic AG. For many
years, Schmid has been Schweizer Electronic AG's technology partner and is
world market leader for turnkey production lines in photovoltaic.

For further information please contact:

Marc Bunz, CFO
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg / Germany
Telefon: +49 7422 512 - 213
E-mail: marc.bunz@schweizer.ag

About Schweizer:
Schweizer Electronic AG is a leading manufacturer of premium PCBs,
innovative solutions and services for automotive, solar and industry
electronics. Based on recognized technology and consultancy competencies,
SCHWEIZER's products and systems address central challenges in the areas of
Power Electronics, Embedding and System Cost Reduction and are
characterized by energy and environmentally friendly features. Together
with its partners Contag GmbH and Meiko Electronics Co. Ltd. the company
offers cost and production optimised solutions for small, medium and large
series and within this network employs more than 13.000 people in Germany,
Japan, China and Vietnam.
With about 750 employees SCHWEIZER achieved sales of 105.4 million Euro in
Fiscal Year 2010 (ending December). The company was founded in 1849, is
managed by family members and listed at the Stuttgart Stock Exchange
(ticker symbol 'SCE', 'ISIN DE 000515623').

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Language: English
Company: Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Germany
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir@schweizerelectronic.ag
Internet: www.schweizerelectronic.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart;
Freiverkehr in Berlin

End of Announcement DGAP News-Service

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