TubeSolar AG

  • WKN: A2PXQD
  • ISIN: DE000A2PXQD4
  • Land: Deutschland

Nachricht vom 06.08.2020 | 07:55

TubeSolar AG: TubeSolar AG and sbp sonne develop innovative agricultural land spanning system - Worldwide Partnership with Stuttgart based Engineering Office sbp sonne

DGAP-News: TubeSolar AG / Key word(s): Alliance/Strategic Company Decision
06.08.2020 / 07:55
The issuer is solely responsible for the content of this announcement.


TubeSolar AG and sbp sonne develop innovative agricultural land spanning system -
Worldwide Partnership with Stuttgart based Engineering Office sbp sonne

Augsburg, 6 August 2020 - TubeSolar AG (ISIN DE000A2PXQD4, Düsseldorf Stock Exchange), manufacturer of innovative robust thin-film tubes for solar energy generation with a focus on applications in agriculture (agricultural photovoltaics), has entered into a global partnership with renowned engineering office schlaich bergermann partner - sbp sonne gmbh from Stuttgart. Together with sbp's expertise for efficient constructions for solar systems, a cost-effective and environmentally friendly form of power for the TubeSolar modules is to be brought to market. By roofing agricultural grounds, these can be used for both agriculture- as well as for solar energy production. This presents a double source of income. An area of one hectare (100x100 meters) allows for electricity generation of approximately one megawatt.

These technical solutions are technologically very demanding. To protect the soil, the use of concrete foundations and solid steel girders is completely foregone. The steel cable construction above the agricultural grounds must, among other things, be easily installable at heights of 4 to 10 meters, be able to span up to 50 hectares, withstand extreme wind forces and high-weight loads, be compatible with fully-automatic cleaning, and guarantee optimal plant growth by accurately calculating the amount of sunlight reaching the ground.

Through innovative solar projects throughout the world, sbp sonne has demonstrated that it can develop intelligent, cost-effective solutions for solar thermal and photovoltaic power plants whilst meeting the highest standards. Through the development of components and systems for solar power technology, sbp has established a solid reputation in the field of solar energy for over 30 years and is considered a leading international engineering firm. TubeSolar AG has agreed a worldwide partnership with sbp for the realization of the construction of its spanning system, including software development for light detection and fully automatic cleaning systems. The partnership agreement is designed as a licensing model.

Jürgen Gallina, Chief Technology Officer (CTO) of TubeSolar AG: "With our thin-film photovoltaic modules, which we assemble from glass tubes, we are technologically well on the way to scaling up the existing pilot production to an annual production capacity of 250 MW in the coming years. The innovative elevation of our modules above agricultural areas is another unique selling point of TubeSolar AG. With the expected technical solution from sbp, we will reach another milestone in our pursuit of becoming a large-scale agricultural photovoltaics provider".

Markus Balz, Managing Partner of sbp sonne commented: "TubeSolar's approach is innovative and presents an important solution to the increasing demand for solar energy while simultaneously reducing CO2 emissions. It also introduces the dual use of open spaces. For us, this is a very exciting task that we are happy to solve. We intend to present the first results by the end of 2020."

About TubeSolar AG (www.tubesolar.de)
As a spin-off, TubeSolar AG has taken over the laboratory production including patents from OSRAM/LEDVANCE in Augsburg and has been using this patented technology since 2019 to manufacture photovoltaic thin-film tubes that are assembled into modules. These have considerable advantages over silicon solar modules in terms of weight, geometry, material use, yield, long-term stability and recycling. The technology is to be used primarily in the agricultural sector and will span agricultural production areas. In the next few years, it is planned to expand production in Augsburg to an annual production capacity of 250 MW.

About sbp sonne (www.sbp.de/solarenergie)
schlaich bergermann partner - sbp sonne are well known as technology developers and experts in Concentrated Solar Power (CSP), Photovoltaics (PV) and various types of PV systems including trackers and building integrated PV.

Service
Website: www.tubesolar.de
Contact Investor Relations:
Maximilian Fischer, mailto: m.fischer@tubesolar.de
max. Equity Marketing GmbH, Marienplatz 2, 80331 München, Tel.: +49 89 13928890

Important note
This announcement and the information contained herein does not constitute an offer or an invitation to purchase or subscribe for securities in the United States of America, Canada, Australia, Japan or in any other jurisdiction in which such an offer may be restricted. The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or with the securities regulatory authorities of any state of the United States. The securities may not be offered, sold or delivered, directly or indirectly, in the United States except pursuant to an exemption from the registration and reporting requirements of the United States securities laws and in compliance with all other applicable United States legal provisions. The Company does not intend to register its shares under the Securities Act or to conduct a public offering of securities in the United States.

This announcement does not constitute an offer document or an offer of securities to the general public in the United Kingdom to which Section 85 of the U.K. Financial Services and Markets Act 2000 applies and should not be construed as a recommendation to any person to subscribe for or purchase securities in the offer. This document is only being distributed to (i) persons who are outside the United Kingdom; (ii) persons who have professional experience in matters relating to investments falling within article 19 (5) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high net worth companies, unincorporated associations and other entities falling within Article 49 (2) (a) to (d) of the Order (all such persons are referred to herein as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

This release may contain forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management of the Company. Forward-looking statements are no guarantees of future results and developments and involve known and unknown risks and uncertainties. The actual future results and developments concerning the company may therefore differ substantially from the expectations and assumptions expressed here due to various factors. These factors include, in particular, changes in the general economic and competitive situation, risks arising from developments in the financial markets, exchange rate fluctuations and changes in national and international laws and regulations, in particular with regard to tax laws and regulations, as well as other factors. The company assumes no obligation to update the statements contained in this release.



06.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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