SMA Solar Technology AG

Regulatory Filings • Jun 9, 2010

News Details

Corporate | 9 June 2010 10:00

SMA Solar Technology AG signs purchase agreement for a property at new commercial area Sandershaeuser Berg in Niestetal, Germany

SMA Solar Technology AG / Contract

09.06.2010 10:00

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On June 7, 2010, SMA Solar Technology AG (SMA) and the municipality of
Niestetal, Germany, signed a purchase agreement for a 20-hectare (approx.
50 acres) property at the newly developed commercial area of Sandershaeuser
Berg. At this commercial area, which is located east of Autobahn A 7, SMA
is planning to gradually expand its facilities over the next few years.

The expansion of its facilities at Sandershaeuser Berg is another important
step for SMA in enhancing its production. Against the background of an
increased demand for solar inverters, the company doubled its maximum
annual manufacturing capacity over the past few months to around
11 gigawatt through the use of short-term interim solutions in the
commercial area Kassel-Waldau. However, as a result of the current global
delivery bottleneck in the supply of electronic components, SMA is able to
use these capacities only partly at present.

The planned expansion at Sandershaeuser Berg is to replace these interim
solutions by 2012. Construction of the facilities at this location will be
carried out in several stages. Initially, a service center and central
warehouse will be built; manufacturing modules will be added later. In this
process, SMA will also increase its productivity by once again optimizing
its manufacturing processes as well as directly integrating its components
warehouse into the manufacturing process for the first time. In addition,
Sandershaeuser Berg also offers room for the company to further expand its
manufacturing facilities if necessary, which will completely eliminate the
need for interim solutions in the future.

A sustainable energy concept is a significant component of SMA's building
plans at Sandershaeuser Berg. This concept includes the highest possible
reduction of energy, highly energy-efficient buildings and manufacturing
processes, and the use of electricity from renewable sources. Plans have
also been made to apply this sustainable energy concept to the entire
commercial area at a later time.

'Due to its size, the commercial area Sandershaeuser Berg offers our
company the perfect conditions for the gradual expansion of our facilities,
and also allows us to be highly flexible when increasing our production. In
addition, our collaboration with the local authorities in Niestetal has
been very good,' explains Günther Cramer, CEO of SMA Solar Technology AG.
'This is why the Sandershaeuser Berg location represents clear growth
prospects for SMA in North Hesse in the coming years.'

The company will already begin construction at Sandershaeuser Berg this
summer, and currently plans to invest a total of approximately EUR 125
million in the project.

About SMA
The SMA Group generated sales of EUR 934 million in 2009 and is the
worldwide market leader for photovoltaic inverters, a key component of all
solar power plants. It is headquartered in Niestetal, near Kassel, Germany,
and is represented on four continents by 13 foreign subsidiaries. The Group
employs a staff of over 4,500 (incl. temporary workers). SMA's product
portfolio includes the most comprehensive range of inverters on the market,
offering a compatible inverter for every type of photovoltaic module and
for all plant sizes. The product range covers both inverters for
photovoltaic plants connected to the grid as well as inverters for off-grid
systems. Since 2008, the Group's parent company SMA Solar Technology AG has
been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and
also in the TecDAX index. In recent years, SMA has received numerous awards
for its excellence as an employer.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Press contact:
Volker Wasgindt
Head of Press Relations and Public Affairs
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03
Volker.Wasgindt@SMA.de

Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23
ir@SMA.de

Julia Damm (Private Investors)
Phone +49 561 9522-11 64

Disclaimer:
This press release serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the 'Company') or any present or future
subsidiary of the Company (together with the Company, the 'SMA Group') nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended.
This press release can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They
also include statements about our assumptions and expectations. These
statements are based on plans, estimations and forecasts which the
executive board of SMA Solar Technology AG (SMA or company) has available
at this time. Future-oriented statements are therefore only valid on the
day on which they are made. Future-oriented statements by nature contain
risks and elements of uncertainty. Various known and unknown risks,
uncertainties and other factors can lead to considerable differences
between the actual results, the financial position, the development or the
performance of the corporation and the estimates given here. These factors
include those which SMA has discussed in published reports. These reports
are available on the SMA website at www.SMA.de. The company accepts no
obligation whatsoever to update these future-oriented statements or to
adjust them to future events or developments.

09.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Deutschland
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart

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