SMA has received the Intersolar Award for the second time, once again demonstrating the company’s innovative strength in various market segments. The company received the award for Sunny Boy 5000TL in 2008, ideal for the private rooftop plant segment. This time the award was given to Sunny Central 800CP. The SMA central inverter is specially designed for use in solar power plants, and impressed the jury with its high level of efficiency and contribution to system cost reduction.

Maximum efficiency and integrated monitoring functions ensure highly reduced system costs

“The SC 800CP redefines system technology for large-scale plants and makes them economical in the long run by consistently following SMA’s development strategy: integrating top performance and the latest technologies into an exceedingly compact inverter. That has allowed SMA to dramatically lower system costs and simultaneously increase inverter efficiency,” says Jürgen Reekers, who received the award and heads the Central Inverter Development Division at SMA. The background situation: central inverters in this performance category have traditionally been housed in concrete stations, which not only meant substantial material and transport costs, but also respectively high levels of CO2 emissions. Even plant monitoring – previously distributed across the field – is associated with significant planning and installation expenditure. With the new Sunny Central 800CP, SMA is now able to increase performance by over 25% as compared to comparable devices and simultaneously reduce system costs by up to 35%, thus considerably increasing the large-scale plant operating efficiency.

Simple installation through compact construction and intelligent technology

Eliminating the concrete station, integrating string monitoring into the inverter, and compact construction also make installation significantly easier. Moreover, it considerably reduces CO2 emissions, and makes setting up large solar power plants no problem – even in areas that are difficult to access. Intelligent power management is another new feature: together with the OptiCool cooling concept, the device provides the full 880 kVA in continuous operation at an ambient temperature of up to 25°C – 10% more than the listed nominal power. Sunny Central 800CP is the first outdoor-ready PV inverter with more than 500 kVA output and a compact housing. With its comprehensive grid-management features, it also meets all existing and future standards. And yet another outstanding feature: the world’s only Optiprotect function monitors up to 1,600 individual strings for potential failure in combination with intelligent fault management, while an integrated, self-learning approach eliminates time-intensive calibrations.

The overall result is a dramatic reduction in system costs and maximum inverter efficiency. “The EPIA has set the ambitious goal of 12% photovoltaic power generation in Europe by 2020. The use of large-scale PV power plants and their comparably lower system costs is imperative to achieving that objective. The market for large-scale PV plants is growing at a fast pace worldwide, including in North America, India, and China. Thanks to its one-of-a-kind flexibility and affordable price, Sunny Central 800CP can be present in all of these markets," remarked SMA Chief Technology Officer Roland Grebe following the awards ceremony.

Sunny Central 800CP has been produced in series since May 2010.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Sunny Central 800CP advantages at a glance:

• Substantial cost reduction with an innovative outdoor concept
• Higher yields with intelligent power management
• Efficiency and longevity with the active OptiCool® cooling concept
• Cost-optimized operation monitoring with Optiprotect
• Security for the future with integrated grid support technologies

Press contact

SMA Solar Technology AG
Anja Jasper
Sonnenallee 1
34266 Niestetal
Germany
Telefon: +49 561 9522-2805
Telefax: +49 561 9522-4567
E-Mail: Anja.Jasper@SMA.de

Today, SMA Solar Technology AG (FWB: S92) held its Annual General Meeting at Kongress Palais Kassel. The shareholders granted discharge to SMA's Managing Board and Supervisory Board for the 2009 fiscal year by a large majority and again expressed their great satisfaction with the work of the management and the control body.

The Annual General Meeting followed the proposal made by the Managing and Supervisory Boards and resolved to pay out a dividend of € 1.30 per qualifying bearer share. Accordingly, the dividend per share increased significantly compared to the previous year (€ 1.00 per share). This reflects the Company’s excellent results in 2009, which are sales of € 934 million and operating profit (EBIT) of € 228.4 million. The dividend will be paid out starting from May 28, 2010 by the depository banks. The dividend payout ratio is 30 percent.

In addition, the Annual General Meeting resolved to expand the Supervisory Board from six to twelve members and a parity-based composition of the body with six shareholder representatives and six employee representatives. This has become necessary in line with statutory provisions as a result of the higher number of SMA staff. Dr. jur. Erik Ehrentraut, Dr. Winfried Hoffmann, Prof. Dr.-Ing. Werner Kleinkauf and Reiner Wettlaufer were reelected as the shareholders’ Supervisory Board members. In addition, the shareholders elected Siegfried L. Drueker and Dr.-Ing. Martin Hoppe-Kilpper as new Supervisory Board members.

Furthermore, the Annual General Meeting approved the remuneration system for the Supervisory Board members by a large majority. The remuneration is determined in accordance with the principles of the German Corporate Governance Code.

About 600 shareholders attended the 2010 Annual General Meeting of SMA Solar Technology AG.

The speech held by the CEO at the Annual General Meeting as well as additional information materials can be downloaded from SMA’s website at www.SMA.de/Hauptversammlung.

After the Annual General Meeting, the constituent meeting of the new Supervisory Board took place, where the previous Chairman Dr. jur. Erik Ehrentraut was confirmed in office.



About SMA
The SMA Group generated sales of c. 934 million Euro 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.

SMA Solar Technology AG (FWB: S92) today publishes its quarterly financial report for the period from January to March 2010.

The first three months of 2010 were the most successful first quarter in SMA's history. SMA increased group sales to € 339.3 million, thus slightly exceeding the sales forecast of between € 310 and
€ 330 million, announced on March 31. This means that sales have almost quadrupled when compared to the same period of the previous year (Q1 2009: € 86.7 million).

The fundamental framework conditions in the photovoltaic sector changed significantly in the first quarter of 2010 versus the first quarter of 2009. The environment in the first three months of 2009 was characterized by uncertainty in the financial markets, the prospects of still falling module prices and the related sudden decline in worldwide demand for photovoltaic systems. In the first quarter of 2010, however, the pull-forward effects due to the announced further adjustment of the feed-in tariffs for solar power in Germany, the historically low interest level and low module prices resulted in continued peak demand, which had already begun in the second half of 2009.

In the period under review, SMA sold an inverter output of 1,288 MW (Q1 2009: 243 MW). The export ratio was 38.8 % in the first quarter, which is almost identical to the level of the whole year of 2009 of 38.4 % (Q1 2009: 52.5 %).
“Following a highly successful 2009 fiscal year, demand for our products in the first quarter of this year has been excellent again,” explains Günther Cramer, CEO of SMA Solar Technology AG. “We responded early on to the expected high demand and doubled our production capacities within the last few months to a total of 11 gigawatts.”

In the first quarter of 2010, SMA achieved an operating profit (EBIT) of € 92.4 million (Q1 2009: € 6.0 million), thus being highly profitable again. The EBIT margin of 27.2 % was only slightly below the record value of 28.7 % achieved in the fourth quarter of 2009 (Q1 2009: 6.9 %).

SMA’s consolidated net profit increased to € 66.6 million (Q1 2009: € 5.5 million). As at March 31, 2010, earnings per share were € 1.92 (Q1 2009: € 0.16).

The net working capital more than doubled by March 31, 2010 to € 199.6 million as compared to the end of the last fiscal year (December 31, 2009: € 98.6 million). The net working capital ratio in relation to the last twelve months’ sales was 16.8 % and within the corridor of between 16 % and 18 %, pursued by the Managing Board. The increase in net working capital is due primarily to the planned increase in inventories (particularly raw materials, consumables and supplies), which is intended to secure a maximum utilization of production capacities.

Cash and cash equivalents as well as securities fell slightly to € 349.3 million as at March 31, 2010 (December 31, 2009: € 365.0 million). Net cash, less current and non-current financial liabilities amounted to € 326.5 million. The equity ratio changed insignificantly to 56.1 % (December 31, 2009: 56.7 %).

After the quarter under review, the demand for SMA products has further increased. The main drivers, also in the second quarter, are pull-forward effects due to the planned reduction of feed-in tariffs in Germany as at July 1, 2010 and lower module prices. However, several weeks ago, important suppliers, mainly semiconductor manufacturers, notified SMA that they would not be able to adhere to their promises for additional delivery quantities. As a result of insufficient supply with electronic components, SMA is currently not able to raise its production significantly beyond the output volume of the fourth quarter of 2009, as originally intended. This means that SMA can use the new inverter production in Kassel-Waldau, established in the first quarter of 2010 with an additional capacity of
5 GW p.a., to a low degree only. The Managing Board of SMA expects that the supply situation will improve successively in the second half of the year. Further information about the current delivery situation for PV inverters is available on SMA’s website: www.SMA.de/Delivery.

“The inadequate supply of electronic components affects not only all inverter manufacturers but a number of other sectors as well,” explains Günther Cramer, CEO of SMA Solar Technology AG. “As soon as the material supply situation has relaxed, will we be able to supply a considerably greater number of inverters within a very short time owing to our expansion of production capacities.”

The Managing Board continues to adhere to its sales forecast for fiscal 2010 of between € 1.1 and € 1.3 billion with an EBIT margin of between 20 % and 23 %.

The quarterly financial report January to March 2010 is available on our website at www.SMA.de/IR/FinancialReports.


About SMA
The SMA Group generated sales of 934 million Euro 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 employees). 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.

Niestetal, March 9, 2010 – SMA Solar Technology AG (Frankfurt Stock Exchange: S92) is to strengthen its presence in North America with the foundation of a subsidiary in Canada. The site will be selected during the course of the first half of 2010. The initial investment volume is between € 5 and 10 million. SMA solar inverters from the Sunny Boy, Sunny Central and Sunny Island product ranges are to be produced for the Canadian market. Sales and services are also to be bundled together into the company. SMA is planning to create 100 to 200 jobs on site in the medium term.

The province of Ontario in Canada offers an outstanding framework for the development of a sustainable photovoltaic market. The recently implemented support programme, combined with above-average solar radiation, creates a strong incentive for investment in photovoltaics. For manufacturers of photovoltaic components, the programme comprises of a call for local content. The goal of this call is the creation of high-quality jobs in a sector geared to the future.

“We support this call for local content and are meeting this requirement with the establishment of a production facility there,” explains Günther Cramer, Chief Executive Officer at SMA Solar Technology AG. “Ontario’s support programme is a guiding light and, according to our evaluation, of the potential in inspiring other Canadian provinces to follow suit.”

In parallel, the SMA Group is also increasing production capacity at the sites in Kassel and Denver. Germany is to remain the main production and technological development area for the future. At the sites in Niestetal and Kassel, annual capacity is to be increased to around 10 gigawatts by the middle of the year through the implementation of interim solutions. Production in Denver, USA is in the initial phase, operating at an annual capacity of around 1 gigawatt, and should start production this summer.

About SMA
The SMA Group generated sales of c. 934 million Euro 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 4,000 (incl. temporary employees). 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 and Association Work
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.

• Sales increased in difficult market environment by 37 % to about 934 million Euro with a sold inverter output of approx. 3.4 GW
• EBIT increased to about 228 million Euro (EBIT margin approx. 24.4 %)
• For 2010, the Managing Board expects a sales increase to 1.1 billion Euro to 1.3 billion Euro with an EBIT-margin of 20 % to 23 %
• Managing Board will  be temporarily expanded to seven board members
• Supervisory Board will be extended to twelve members due to surge in SMA workforce

Record year 2009
SMA Solar Technology AG (FWB: S92), world market leader for solar inverters, today published its preliminary figures for fiscal 2009. With record sales of approx. 934 million Euro, the Company exceeded its sales forecast of between 850 and 900 million Euro (previous year: 682 million Euro). Group sales were driven primarily by the significantly higher demand in the second half year of 2009. The short-term increase in the produced inverter output from the first to the fourth quarter 2009 at a ratio of distinctly more than 1:4 (Q1: c. 243 MW, Q4: c. 1,415 MW) again provides proof of SMA’s high degree of flexibility.

The EBIT of approx. 228 million Euro (previous year: 167 million Euro) is slightly above the earnings forecast (195 million Euro to 225 million Euro). The EBIT margin of approx. 24.4 % will reach the level of the previous year (24.6 %). With these figures, 2009 is the most successful year in the Company’s history.

SMA strengthened its market position again in fiscal 2009 and raised its worldwide market share to more than 40 % according to its own estimates (previous year: 38 %). “Due to our technological leadership, our unique strategy of flexibility and our ongoing international expansion, we achieved excellent operating results. We were again able to prove our competitive strength in a market environment that is characterized by intense competition," explains Günther Cramer, Chief Executive Officer of SMA Solar Technology AG.

The complete and audited 2009 annual report will be submitted by SMA on March 31, 2010, and the Managing Board will then present the results on the same day at the press conference on the annual results in Frankfurt am Main.

Sales and earnings forecast 2010
The Managing Board expects strong market growth in 2010. Germany will remain by far the largest photovoltaics market worldwide, but there will be decisive growth impulses from foreign photovoltaics markets. Owing to its international distribution and service organization, SMA will be able to benefit from these developments. The Managing Board expects to keep the worldwide market share in 2010 above 40 % and to achieve sales of 1.1 billion Euro to 1.3 billion Euro for the current fiscal year. The intensity of competition, which has increased due to growing internationalization, and the stronger digression of feed-in tariffs in Germany will lead to higher cost pressures. Hence, SMA expects a slight decrease in EBIT-margins in 2010 down to 20 % to 23 %.

Temporary expansion of Managing Board
The founders of SMA Solar Technology AG have prepared the Company systematically for many years for the pending challenges and a generational shift in the Managing Board. The organizational change from a pioneer to a global market leader was completed very successfully earlier than scheduled. Due to the expansion of the Managing Board in 2009 and the distinct extension of the second management level to 18 divisional managers, the organizational structure has also been prepared consistently for the high requirements of the dynamic photovoltaics market.

The inflow of funds from the successful IPO in 2008 provided SMA with the financial prerequisites to benefit from the worldwide growth of the photovoltaics sector. SMA expanded its business activities and international presence early on and, today, has 13 subsidiaries abroad. The group of companies is sustainable in every respect.

As announced by SMA Solar Technology AG as early as in February 2009, the contracts with the two founding board members Günther Cramer (CEO) and Peter Drews (COO) will expire in the middle of 2011. After 30 years of activity in the Company’s management, Günther Cramer and Peter Drews will complete the generational shift and stand as candidates for the Supervisory Board.

In order to ensure an optimal induction of the new board members as well as a smooth transfer of responsibilities, the Supervisory Board resolved today to expand the Managing Board from five to seven board members to April 1, 2010 for the period until the departure of both founders.

Effective April 1, 2010, Uwe Hertel (*1960), graduate engineer, will become new Managing Board member in charge of production. Uwe Hertel has been with SMA for 19 years and is currently Senior Vice President Production. He also sets up the US-production site in Denver, Colorado.

The graduate social pedagogue Jürgen Dolle (*1954) will take over the board department of Human Resources effective on April 1 likewise. Jürgen Dolle has been with SMA since 2001 and currently serves as Vice President Human Resources. In this position, he successfully expanded SMA‘s workforce over many years of strong growth. Jürgen Dolle also advanced SMA‘s corporate culture, which has been awarded several times, and implemented it in SMA’s subsidiaries worldwide. He will also fullfill the function of the labor director.
 
CEO Günther Cramer will continue to assume the functions of strategy and corporate communication. Peter Drews will fill the temporarily established board position Systematic Product Cost Reduction, becoming Chief Product Officer (CPO) until the Annual General Meeting 2011. The scheduled and fast cost reduction for SMA products is of the utmost importance for the medium- and long-term expansion of the Company’s leading market position. To this end, the Company intends to develop further consistently the holistic approach to a strategic cost reduction, which will include equally the elements technology, materials, production and reliability. Peter Drews will devise a corresponding strategy in the next few months across all functions and implement it in the Company with a lasting effect. “It is our declared goal to strategically further develop our to date successful technological approach to promote the systematic product cost reduction by permanent innovation. In this context, we will follow an interdisciplinary systematic that ensures stronger interactions between the different functional areas within the Company,“ says Peter Drews.

Effective April 1, 2010, the Managing Board of SMA Solar Technology AG will therefore consist of the following seven members: Günther Cramer (CEO; strategy & corporate communication), Jürgen Dolle (Chief Human Resources Officer), Peter Drews (Chief Product Officer), Roland Grebe (Chief Technology Officer), Uwe Hertel (Chief Operating Officer), Pierre-Pascal Urbon (Chief Financial Officer) and Marko Werner (Chief Marketing & Sales Officer).

“We are looking back to the most successful year in the Company’s history. For a long time, we have prepared the Company for the generational shift and regard it as highly sustainable and optimally positioned in all areas,“ explains Günther Cramer, Chief Executive Officer of SMA Solar Technology AG. “The next logical step towards the final changing of the guards is the transfer of responsibilities. We hand the board departments Operations and Human Resources trustfully over to excellent successors and into reliable hands at the same time. For assuring an ideal transition process, we want to accompany the generational change until the Annual General Meeting.”

Expansion of Supervisory Board
Due to the positive development of SMA during the past years, the number of employees has significantly increased up to more than 4,000 (incl. temporary employees). It is therefore necessary to expand the Supervisory Board to twelve members as well as to compose the Board on a parity basis. The Managing Board today gave notice according to § 97 Aktiengesetz (German Stock Corporation Act). In the future, the Supervisory Board will be composed of six shareholder representatives and six employee representatives. The employee representatives, thereof two trade union representatives and one executive employee representative, are elected by the employees. The six shareholder representatives will be elected by the Annual General Meeting on May 27, 2010. All current shareholder representatives have shown their will today to stand for election at the upcoming Annual General Meeting.


About SMA
The SMA Group generated sales of c. 934 million Euro 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 4,000 (incl. temporary employees). 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 and Association Work
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.