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08.10.2009

DGAP-News: systaic AG buys business operations of SOLARWATT Cells GmbH

systaic AG / Acquisition 08.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- * SYSTAIC acquires German high-tech solar cell production * Considerable cost-saving potential, accompanied by exclusive access to top-quality German-made cells. Düsseldorf-based systaic AG, which specialises in integrated solar solutions, is purchasing the business operations of SOLARWATT Cells GmbH, Heilbronn. The company has a production capacity of 25 megawatts and employs a workforce of 54. SYSTAIC thereby profits from more than 50 years of experience in the manufacture of high-tech solar cells and exceptional know-how for highly efficient mono- and multicrystalline cells. SOLARWATT Cells is a wholly-owned subsidiary of SOLARWATT AG in Dresden. With this acquisition SYSTAIC is securing itself a substantial cost-reduction potential in the Automotive and Energy Roof Systems sectors, together with reliability of supply and delivery of high-quality German-made solar cells. According to the calculations of systaic AG the purchase price - in the medium single-digit range of EUR million - for cell production will be amortised within little over a year. It was clearly demonstrated by the International Automobile Exhibition IAA in Frankfurt 2009: The automotive market is currently experiencing a paradigm shift to alternative, emission-free drive technologies accompanied by a strong increase in electricity requirements. The company is convinced that photovoltaic sliding roofs and complete solar roof solutions will soon become standard equipment. They are also well-suited to retrofitting. To satisfy the resulting high demand it will be crucial to secure supplies. 'In its solar system products systaic AG is not focusing on standard modules and cells. It is a developer and manufacturer of specialised integration solutions for photovoltaic products in buildings and vehicles,' explains Michael Pack, CEO of systaic AG. 'For these applications we need solar cells with very special qualities and the highest level of efficiency. Photovoltaic cells with these specifications are not yet available on the market at a reasonable price. SOLARWATT cells is one of the few manufacturers worldwide to offer just the cell characteristics we need in suitable formats.' 'Furthermore, the acquisition of the plant will enable SYSTAIC to cut its own annual production costs by several million euros. We will thus be making a major contribution to our profit situation. With a view to the market environment, in-house production of these highly specific products for dynamic growth markets is a wise step for systaic AG from a technological and economic perspective,' says Michael Pack in conclusion. www.systaic.com About systaic systaic AG specialises in efficient and aesthetically pleasing solar power solutions: the core product is the SYSTAIC energy roof for generating electricity and heat from solar energy on building rooftops. The SYSTAIC Automotive business area is worldwide the only series manufacturer of solar solutions for the roofs of different makes of car. The development and installation of photovoltaic power plants also implemented by its subsidiary Enerparc is a further focal point in its portfolio. systaic AG was founded in November 2004 and it has been listed on the Frankfurt Stock Exchange since March 2007. The company was admitted to the Prime Standard segment in September 2008. Group turnover increased more than six-fold to EUR 199 million in 2008. In the first half of 2009 the group revenue of SYSTAIC stood at EUR 121 million, a 74% increase over the same period of the previous year. The company currently employs a workforce of over 200. Contact: systaic AG Achim Zolke (Head of Corporate Communications) Kasernenstraße 27 40213 Düsseldorf Germany Phone: 0049-211-828559-0 Fax: 0049-211-828559-258 a.zolke@systaic.com www.systaic.com 08.10.2009 Financial News transmitted by DGAP =-------------------------------------------------------------------------- Language: English Company: systaic AG Kasernenstr. 27 40213 Düsseldorf Deutschland Phone: +49 (0)211 828559-0 Fax: +49 (0)211 828559-29 E-mail: ir@systaic.com Internet: http://www.systaic.de ISIN: DE000A0JKYP6 WKN: A0JKYP Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service =--------------------------------------------------------------------------

systaic AG / Acquisition 08.10.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- * SYSTAIC acquires German high-tech solar cell production * Considerable cost-saving potential, accompanied by exclusive access to top-quality German-made cells. Düsseldorf-based systaic AG, which specialises in integrated solar solutions, is purchasing the business operations of SOLARWATT Cells GmbH, Heilbronn. The company has a production capacity of 25 megawatts and employs a workforce of 54. SYSTAIC thereby profits from more than 50 years of experience in the manufacture of high-tech solar cells and exceptional know-how for highly efficient mono- and multicrystalline cells. SOLARWATT Cells is a wholly-owned subsidiary of SOLARWATT AG in Dresden. With this acquisition SYSTAIC is securing itself a substantial cost-reduction potential in the Automotive and Energy Roof Systems sectors, together with reliability of supply and delivery of high-quality German-made solar cells. According to the calculations of systaic AG the purchase price - in the medium single-digit range of EUR million - for cell production will be amortised within little over a year. It was clearly demonstrated by the International Automobile Exhibition IAA in Frankfurt 2009: The automotive market is currently experiencing a paradigm shift to alternative, emission-free drive technologies accompanied by a strong increase in electricity requirements. The company is convinced that photovoltaic sliding roofs and complete solar roof solutions will soon become standard equipment. They are also well-suited to retrofitting. To satisfy the resulting high demand it will be crucial to secure supplies. 'In its solar system products systaic AG is not focusing on standard modules and cells. It is a developer and manufacturer of specialised integration solutions for photovoltaic products in buildings and vehicles,' explains Michael Pack, CEO of systaic AG. 'For these applications we need solar cells with very special qualities and the highest level of efficiency. Photovoltaic cells with these specifications are not yet available on the market at a reasonable price. SOLARWATT cells is one of the few manufacturers worldwide to offer just the cell characteristics we need in suitable formats.' 'Furthermore, the acquisition of the plant will enable SYSTAIC to cut its own annual production costs by several million euros. We will thus be making a major contribution to our profit situation. With a view to the market environment, in-house production of these highly specific products for dynamic growth markets is a wise step for systaic AG from a technological and economic perspective,' says Michael Pack in conclusion. www.systaic.com About systaic systaic AG specialises in efficient and aesthetically pleasing solar power solutions: the core product is the SYSTAIC energy roof for generating electricity and heat from solar energy on building rooftops. The SYSTAIC Automotive business area is worldwide the only series manufacturer of solar solutions for the roofs of different makes of car. The development and installation of photovoltaic power plants also implemented by its subsidiary Enerparc is a further focal point in its portfolio. systaic AG was founded in November 2004 and it has been listed on the Frankfurt Stock Exchange since March 2007. The company was admitted to the Prime Standard segment in September 2008. Group turnover increased more than six-fold to EUR 199 million in 2008. In the first half of 2009 the group revenue of SYSTAIC stood at EUR 121 million, a 74% increase over the same period of the previous year. The company currently employs a workforce of over 200. Contact: systaic AG Achim Zolke (Head of Corporate Communications) Kasernenstraße 27 40213 Düsseldorf Germany Phone: 0049-211-828559-0 Fax: 0049-211-828559-258 a.zolke@systaic.com www.systaic.com 08.10.2009 Financial News transmitted by DGAP =-------------------------------------------------------------------------- Language: English Company: systaic AG Kasernenstr. 27 40213 Düsseldorf Deutschland Phone: +49 (0)211 828559-0 Fax: +49 (0)211 828559-29 E-mail: ir@systaic.com Internet: http://www.systaic.de ISIN: DE000A0JKYP6 WKN: A0JKYP Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service =--------------------------------------------------------------------------

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