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

20.11.2011
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. =-------------------------------------------------------------------------- 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'). 20.11.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- 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 =--------------------------------------------------------------------------

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. =-------------------------------------------------------------------------- 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'). 20.11.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- 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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