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19.02.2008|a+f receives major order of Euro 55.4 million

GILDEMEISTER further successful in solar technology ​​​​​​​

Bielefeld. a+f GmbH, a company belonging to the GILDEMEISTER group, has once again received a major order for the supply of solar plants. The order is of 240 “SunCarriers“ valued at Euro 55.4 million.

a+f GmbH is to construct one further solar park in the Extremadura (Spain) on behalf of a Spanish investor. The major order comprises the supply of 240 controlled solar tracker systems, which will be set up on an area of 42 hectares in Alange.

In Spain a “SunCarrier“ can supply up to 20 households with electricity. Each 250 square metre large “SunCarrier”, with a programmable logic controller (PLC), follows the sun’s position by rotating through 220 degrees. This system achieves about 30% more performance than fixed elevated systems. The a+f concept is applied for patent. It is characterised by its well-established technology, long service life and low maintenance. 

GILDEMEISTER has successfully established itself in the forward-looking business area of solar technology. The company intends to continue to expand the solar plant business. Due to the growing south European solar market and the high demand a+f expects an order volume of about Euro 150 million from the “SunCarrier” sector in the current financial year. On the occasion of the press conference on Financial Statements on 13 March 2008 GILDEMEISTER will publish detailed information about the financial year 2007 and forecast 2008.

GILDEMEISTER Aktiengesellschaft
The Executive Board

Disclaimer, Forward-looking statement

Disclaimer, Forward-looking statement

Statements relating to the future:

This press release contains forward-looking statements, which are based on current estimates of the management of future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances, including the assets, liabilities, financial position and profit or loss of GILDEMEISTER, differing materially from or being more negative than those expressly or implicitly assumed or described in these statements. The business activities of GILDEMEISTER are subject to a series of risks and uncertainties, which may result in forward-looking statements, estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.