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VIKRAM SOLAR AND CENCORP CONSIDER OPPORTUNITIES FOR BUSINESS AND PARTNERSHIP COLLABORATION
Cencorp 07.02.2014 13:10 Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- CENCORP CORPORATION STOCK EXCHANGE RELEASE 7 February 2014 at 14.10 Finnish Time VIKRAM SOLAR AND CENCORP CONSIDER OPPORTUNITIES FOR BUSINESS AND PARTNERSHIP COLLABORATION Vikram Solar Pvt, Ltd ('Vikram Solar'), an Indian company, and Cencorp Corporation ('Cencorp') have started to review collaboration opportunities for using Cencorp's MWT (Metal Wrap Through) technology for photovoltaic modules in Vikram Solar's solar energy projects. MWT technology refers to Conductive Back Sheet (CBS) based module structure. The parties have signed a Term Sheet on collaboration on 7 February 2014. As agreed in the Term Sheet consideration of collaboration options shall take max. six months. During that time the parties negotiate both business opportunities in photovoltaic module business and opportunities for ownership arrangements between the companies. Vikram Solar is the leading provider of solar energy projects in India and it belongs to a technology group Vikram Group (www.vikram.in). The negotiations for business and partnership collaboration between the parties, including detailed terms, are still under negotiations, thus it is not yet certain that the transactions will be materialized. Further, realization of the transactions defined in the non-binding Term Sheet is subject to several issues such as due diligence and especially to Cencorp's short and long term financing. Therefore, Cencorp is not yet able to estimate possible realization and effective date of the transactions, the transactions' influence in Cencorp nor risks relating to them. Cencorp will announce further information as soon as the negotiations have been finished. In Mikkeli, 7. February 2014 CENCORP CORPORATION For more information: Iikka Savisalo President and CEO Cencorp Corporation Tel. +358 40 521 6082, email: iikka.savisalo@cencorp.com Distribution NASDAQ OMX Helsinki Ltd Main media Cencorp Corporation is a leading provider of industrial automation solutions. The equipment in the product portfolio includes automated applications of odd-form assembly and depaneling for the electronic boards, testing equipment and advanced materials processing by laser. All Cencorp's offering improves the efficiency of the customers' production. Cencorp has clean technology, especially photovoltaic (PV) solutions as its other business segment. Cencorp now offers its automated manufacturing technology of the PV modules, manufactures and sells photovoltaic modules, based on Cencorp's own technology as well as key components of photovoltaic modules. The product range also includes EMI shielding solutions, RFID antennas, other flexible circuits including for example conductive back sheets used in photovoltaic modules and mobile phone antennas. Cencorp's head office is located in Mikkeli, Finland. The company is part of the Finnish Savcor Group. News Source: NASDAQ OMX 07.02.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Cencorp Finland Phone: Fax: E-mail: Internet: ISIN: FI0009006951 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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