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Oerlikon Solar Expands Position in Both Asian-Pacific and European Markets With New Substantial Orders for Thin-Film Solar Module Production Lines With a Value of Several Hundred Million CHF.

Leading Supplier of Micromorph Tandem Production Solutions Receives Orders From Taiwan's Auria Solar Co. Ltd. and Italy-based Pramac SpA

TRUEBBACH, Switzerland -- Oerlikon Solar, a leading global supplier of automated solar manufacturing solutions for mass production of solar modules, announced today that it has been awarded contracts with Taiwan's Auria Solar Co. Ltd. and Italy's Pramac SpA for 60 MWp and 30 MWp thin-film solar module production lines, respectively. Together with these new contracts Oerlikon has added more than 600 million CHF in orders for solar equipment this year.

These state-of-the art production lines include Oerlikon Solar's innovative micromorph tandem technology that combines two different silicon materials -- amorph and microcrystalline -- boosting energy conversion efficiency levels by up to 50 percent compared to traditional amorphous single cells.

The Auria Solar agreement marks Oerlikon Solar's second major contract in Taiwan in 2007, and will boost Taiwanese production capacity to 100 MWp. The Pramac order is the company's first contract that involves both Italy and Switzerland. Pramac's manufacturing location will be in the canton of Ticino, Switzerland, marking the first time Oerlikon Solar's manufacturing technology will be producing in Switzerland.

"The orders from Auria Solar and Pramac SpA confirm our leadership in supplying cost-effective, fully automated production lines for thin-film solar modules. With these additional orders Oerlikon Solar has now exceeded all targets for 2007," said Jeannine Sargent, CEO of Oerlikon Solar.

Dr. Uwe Kruger, CEO of Oerlikon, added: "Continued customer adoption of our solar solutions demonstrates these markets' growing confidence in our thin-film silicon solar technologies. The fact that no other manufacturer of solar module production equipment worldwide can match our state-of-the art technology will enable us to further extend our market share."

The advanced Oerlikon Solar production line enables the manufacture of thin-film silicon modules. This turnkey, end-to-end solution embraces the entire production process, from glass cleaning and in-line inspection to testing of the finished solar modules. Another differentiating element is that Oerlikon Solar will provide its full-service package for commissioning the process equipment and securing production ramp-up as efficiently as possible. Both of these agreements also include the company's entire metrology system for quality control, the "back end" of module production and its proprietary process technology. Of critical importance are the Oerlikon Solar proprietary TCO layers that play a central role by trapping the light in the photovoltaic thin-film, maximizing the conversion efficiency. These unique capabilities enhance the performance of the solar modules and directly reduce the cost-per-watt peak.

"There is a rapidly growing demand from our customers for solar modules. This requires innovative and proven technology, turnkey capabilities and customer service that will enable us to increase production as quickly and efficiently as possible," said Dr. Tsai, CEO of Auria Solar. "Oerlikon Solar offers the strongest combination of these qualities and has consistently demonstrated the capability to deliver systems on time."

"We made this important investment because we firmly believe in renewable energy, and because it is still a very young market and that will enable us to grow significantly," said Paolo Campinoti, Pramac's managing director. "The new technology we are offering will provide lower costs and higher yields than the traditional system. In our view, this is an important step in the direction of our company's natural development, and a further confirmation that we are keeping the promises we made at the time of the initial public offering."

About Oerlikon

Oerlikon (SWX:OERL) is among the world's most successful industrial high-tech companies focusing on machine and systems engineering. Oerlikon stands for leading industrial solutions and cutting-edge technology in textile production, thin film coating, propulsion, precision and vacuum technology. As a company with Swiss roots and a 100-year tradition, Oerlikon, with CHF 4.8 billion in sales in 2006, over 19,000 employees at 170 locations in 35 countries, has evolved into a global player today.

About Oerlikon Solar

Oerlikon Solar is the leading supplier of high performance solutions for cost-effective mass productions of solar modules. Product offerings include automated turnkey lines, laser systems and advanced machining. Headquartered in Truebbach, Switzerland, Oerlikon Solar has R&D, Sales and Customer Support locations throughout Asia, Europe and North America.
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Date:Dec 21, 2007
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