SMA Solar Technology AG / Contract
03.09.2009
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
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Niestetal, September 3, 2009 - SMA Solar Technology AG announces today the
acquisition of the module inverters (micro-inverters) technology platform
from the Dutch company OKE-Services. In the coming years, SMA will continue
to develop this technology and launch its own module inverter product
range.
In order to expand its product portfolio in the lower range power classes
and to meet all customer requirements in the future, SMA Solar Technology
AG (SMA) has acquired the micro inverter technology platform from
OKE-Services (OKE), a Dutch company. Both parties have agreed to keep the
exact purchase price confidential. Unlike the photovoltaic inverter with
string technology, which converts the direct current (DC) of numerous
interconnected photovoltaic modules into alternating current (AC), a micro
inverter converts the DC to AC separately at each individual photovoltaic
module.
Micro inverters are particularly well-suited for the use in small
photovoltaic systems of 1 kWp or under. In some larger photovoltaic systems
which use string inverters, shading of individual modules and the
subsequently lower energy harvest of the entire system can be avoided by
equipping and operating those modules with individual module inverters.
With the acquisition and further development of the OKE technology, SMA
plans to launch its own range of module inverters in the coming years. This
makes SMA the only manufacturer in the world with a product portfolio which
includes all existing inverter technologies for operating photovoltaic
systems of any size and with optimal technical system configuration. SMA
customers will continue to profit from highest quality standards, a global
sales and service network and short delivery times.
OKE is one of the pioneers of micro inverter technology and has more than
15 years' experience in the development and series production of micro
inverters. Based on this experience, OKE has continuously strived to
optimize efficiency and specific price, both of which are particularly
important parameters for the success of micro inverters. To this end, the
company has systematically reduced the number of components used in their
products, which is not only a prerequisite for a good price-performance
ratio, but also ensures product reliability.
About OKE-Services
OKE-Services was founded by Hendrik Oldenkamp in the Netherlands in 1984,
and is specialized in the development of electronic components for
photovoltaic systems. OKE-Services has focussed a significant part of its
research and development in module inverter technology.
About SMA Solar Technology AG
SMA generated sales of more than 680 million Euros in 2008 and is the
worldwide market leader for photovoltaic inverters, a key component of all
solar power plants. The SMA Group is headquartered in Niestetal, near
Kassel, Germany and is represented by foreign subsidiaries in eleven
countries on four continents. The Group employs a staff of over 3,000
(including temporary workers). The SMA product portfolio includes a
comprehensive range of inverters, offering a compatible inverter for every
type of photovoltaic module and for all plant sizes. The product range
covers inverters for photovoltaic plants connected both to the grid and
inverters for off-grid systems. Since 2008, the company has been listed on
the Prime Standard of the Frankfurt Stock Exchange (S92) and also on the
TecDAX. In recent years, SMA has received numerous awards for its
excellence as an employer.
Press contact:
SMA Solar Technology AG
Volker Wasgindt
Head of Media and Association Relations
Sonnenallee 1
34266 Niestetal
Germany
Tel: +49 (0)561 9522-11 21
Fax: +49 (0)561 9522-11 03
Volker.Wasgindt@SMA.de
Investor Relations:
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Fax.+49 561 9522-22 23
ir@SMA.de
Anna Raudszus (Institutionelle Investoren/Analysten)
Tel. +49 561 9522-22 22
Julia Damm (Privatanleger)
Tel. +49 561 9522-11 64
Disclaimer:
This Corporate News serves only as information and is not an invitation to
purchase, hold or sell shares.
This Corporate News may contain future-oriented statements. Future-oriented
statements are statements that 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.
03.09.2009 |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Deutschland
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: SMA Solar Technology AG increases its technological edge in the photovoltaic market with the acquisition of OKE's module inverter technology
| Source: EQS Group AG