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DGAP-News: Ventegis Capital AG: Solar company Sulfurcell receives growth financing

Ventegis Capital AG / Miscellaneous/Miscellaneous


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

MASDAR Clean Tech Fund and existing shareholders make joint investment in
production build-up and development.

Sulfurcell Solartechnik GmbH, the innovative manufacturer of photovoltaic
solar modules in Berlin, is to receive growth financing from its
shareholders Vattenfall Europe, Ventegis Capital, IBB
Beteiligungsgesellschaft, the Business Angel Engelbert Giesen and from its
new shareholder Masdar Clean Tech Fund L.P., managed by Credit Suisse (New
York). The funds are to be used for product development and production
Former scientists at the Hahn-Meitner-Institute (HMI) started the company
Sulfurcell Solartechnik GmbH in 2003 with the aim of using the new, thin
film technology for solar modules developed at the HMI in industry. The
technology, based on the semi-conductor copper indium sulphide (CIS),
combines effective usage of materials with highly productive technology
allows up to 50 % less costs in large-scale massproduction than the current
technology based on crystalline silicon. After two years of product
development the team succeeded in setting up a pilot production in 2006. So
far, solar modules with a total power of 200 kilowatts have been produced
and sold.
Alongside the high powerlevel from the modules, customers appreciate their
attractive anthracite-coloured pinstripe design which is particularly
favoured for façade integrated solar systems. The solar efficiency was
increased to 7.5 %, thus outperforming conventional thin film modules.
The new financing is another milestone for Sulfurcell. The newly raised
funds are to be used for the further development of solar modules and the
dynamic build-up of production. Managing Director and company founder Dr.
Nikolaus Meyer defines the aims: 'In both 2007 and 2008 we want to increase
production five-fold and step up the efficiency of our solar modules to
over 9 %. With our team, our investors and our research partners we are
well positioned to achieve these ambitious goals and we look to the future
with confidence.'
The involvement of Masdar Clean Tech Fund links Sulfurcell to the
international capital markets and the Abu Dhabi government's 'Masdar'
initiative for renewable energies. The Masdar Clean Tech Fund was founded
in September 2006 by the global financial institution Credit Suisse, the
Government of Abu Dhabi, a significant leading global energy player with
deep energy expertise, and Consensus Business Group, a leading private
investor in environmental and sustainable technologies. Managing Director
Nadim Barakat (Credit Suisse New York) explains: 'We are investing in
Sulfurcell as one of the young companies richest in potential on the
dynamically growing international solar market.' Representing the existing
shareholders, Stephan Beyer (Ventegis Capital AG), adds; 'Following the
start-up financing in 2003, the existing shareholders are also investing in
the new growth financing because important goals have been achieved and we
want to develop Sulfurcell into a leading solar manufacturer. Independent
consultants deem Sulfurcell to be well positioned for the competition.'

Sulfurcell Solartechnik GmbH
Dr. Nikolaus Meyer
Barbara-McClintock-Str. 11
12489 Berlin
Tel.: +49 (0) 30 - 6392 3800
Fax: +49 (0) 30 - 6392 3801
Email: info@sulfurcell.de

DGAP 24.01.2007

Language: English
Issuer: Ventegis Capital AG
Kurfürstendamm 119
10711 Berlin Deutschland
Phone: 030-89 021 180
Fax: 030-89 021 189
E-mail: info@ventegis-capital.de
WWW: www.ventegis-capital.de
ISIN: DE0003304333
WKN: 330433
Listed: Freiverkehr in Berlin-Bremen; Open Market in Frankfurt

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