Odersun AG Receives State Guarantees for 10 million in Euros

Date Announced: 03 Sep 2010

Loan to advance production ramp and market entry.

Berlin, Germany, September 6th, 2010: Odersun AG, manufacturer of customized thin-film solar cells and modules, received state guarantees from the Federal State of Brandenburg for 10 million Euros in loans. The raising of credit enables Odersun to advance its ramp-up of production and market entry with customized solar products based on a proprietary technology.

“The continuous commitment of our investors and the trust of the state government in the capability of our technology and strategic approach, ensure a secure funding in the course of our company’s market entry,” says Dr. Hein van der Zeeuw, Chief Executive Officer of Odersun AG.

Odersun is currently commissioning its 20MW production facilities in Fürstenwalde/Spree, Germany. Until the end of this year, the four already installed production lines will be in operation. Next to the manufacturing of standard thin-film modules, Odersun works on a portfolio with customer specific solar modules of special forms applicable for direct integration into buildings. First projects with building integrated solar modules by Odersun will be realized in 2011.

Source: Odersun

Contact

Korinna Penndorf
Corporate Communications
Odersun AG
Im Technologiepark 6
15236 Frankfurt (Oder)
Tel.: +49 335 / 563 3120
Fax: +49 335 / 563 31 50
Mobil: +49 172 / 238 01 10

E-mail: see web site

Web Site: www.odersun.com