DGAP-News: Solutronic: Big order for IKEA furniture stores

DGAP-News: Solutronic: Big order for IKEA furniture stores

ID: 59081

(firmenpresse) - DGAP-News: Solutronic AG / Key word(s): Miscellaneous
Solutronic: Big order for IKEA furniture stores

25.08.2011 / 08:28

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Press release

Solutronic: Big order for IKEA furniture stores

- Solutronic to fit solar installations with inverters at GS-Solar
projects for IKEA furniture stores in UK and Italy
- Nine installations already in operation or close to completion, a
further nine installations being planned
- European rollout planned in medium term

Köngen, 25. August 2011 - Solutronic AG is to fit solar installations with
inverters in ten IKEA furniture stores in the UK. In partnership with
GS-Solar, the first two solar installations were put into place at IKEA
furniture stores in Milton Keynes and Edmonton. The installations in
Southampton and Warrington are nearly finished. The fitting out of six
further locations is in the pipeline and will be completed by March 2012.
This amounts to a total volume of 0.8 MW.

'As a partner of GS-Solar, we are working towards having 5% of the energy
requirement of a furniture store being met by solar energy in the future,'
said Uwe Scobel-Freimüller, Solutronic's board member for sales, marketing
and administration. 'This is another important step for our company in
order to systematically expand our market share.'

As part of the company's 'IKEA goes Renewable' programme, IKEA has a
long-term aim to power its distribution centres in addition to all
furniture stores with renewable energy from 2012. To that end, IKEA is
cooperating with GS-Solar, who provide the thin layer solar GS-55 modules
and is responsible for the installation and maintenance of the systems. As
a partner of GS-Solar, Solutronic provides the SOLPLUS 120 inverters.

Alongside the UK, Solutronic inverters are already being used successfully




in solar installations in IKEA furniture stores in Italy. Three sites with
a volume of 0.7 MW are being prepared in Switzerland. Focus will then
switch to Spain and Portugal.


Press contact:
Stefanie Hempel
Tel: +49(0)174 3010530
s.hempel(at)solutronic.de

Investor Relations:
Thorsten Soll
Tel: +49(0)7024 96 128 74
T.Soll(at)solutronic.de


About Solutronic AG

Solutronic AG, founded back in 2004, develops and markets transformerless,
grid-connected inverters for photovoltaic installations. PV inverters
convert the direct current generated by solar modules to alternating
current so that it can be fed into the power supply system. In FY 2010,
Solutronic generated sales of EUR20.1m and posted an EBIT amounting to
EUR4.7m. Solutronic has made a conscious decision not to manufacture the
products it develops itself, but to exploit the expertise of electronic
manufacturing servicers headquartered in Germany. Based in the small town
of Köngen near Stuttgart, Germany, it sees itself as a leading supplier of
top-quality, cutting-edge, grid-connected inverters for photovoltaic
installations. Its inverters, which cover nominal AC power ratings from 2.5
to 30 kW, are software-controlled and therefore facilitate innovative
monitoring and communications functions. Furthermore, they feature high
efficiency levels of up to 98% and extremely low failure rates. Thanks to
its development expertise, innovative business model and sophisticated
quality management regime, Solutronic is in an excellent position to
systematically expand its share ofthe global inverter market.


End of Corporate News

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25.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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

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Language: English
Company: Solutronic AG
Küferstrasse 18
73257 Köngen
Germany
Phone: 07024 96128-0
Fax: 07024 96128-50
E-mail: info(at)solutronic.de
Internet: www.solutronic.de
ISIN: DE000A1E8NE7
WKN: A1E8NE
Listed: Freiverkehr in Berlin, Düsseldorf, München; Entry Standard
in Frankfurt


End of News DGAP News-Service
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136875 25.08.2011


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Bereitgestellt von Benutzer: EquityStory
Datum: 25.08.2011 - 08:28 Uhr
Sprache: Deutsch
News-ID 59081
Anzahl Zeichen: 5963

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Kategorie:

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