DGAP-News: Solar Millennium AG: Chief Executive Officer resigns - supervisory board announces reorganization of the management board
(firmenpresse) - Solar Millennium AG / Change of Personnel
15.03.2010 23:43
Dissemination of a Corporate News, transmitted by
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Erlangen 15 March 2010
Today, Professor Dr. Utz Claassen resigned from his duty as member and
chairman of the management board of Solar Millennium AG (ISIN
DE0007218406). He refers to his contractual right to step down from his
office within a certain consideration period. He did not provide the
Company with any further reasons for his decision.
Chairman of the supervisory board Helmut Pflaumer: 'The resignation came
unexpectedly for the supervisory board. We respect the decision and welcome
his intention to remain on friendly terms with the Company. The supervisory
board will reorganize the duties of the management board in due course to
ensure the sustainable growth of Solar Millennium AG.'
About Solar Millennium AG:
Solar Millennium AG, Erlangen, is an international company in the renewable
energy sector, with its main focus on solar-thermal power plants. Together
with its subsidiaries and associates, the Company specializes in parabolic
trough power plants and has managed to take a globally leading position in
this field. Solar Millennium strives to further extend its expertise in the
area of solar-thermal power plants with the aim of achieving and securing
sustainable technology leadership. As such, the Company covers all
important business sectors along the value chain for solar-thermal power
plants: from project development and financing to the technology and the
turnkey construction and operation of power plants. In Spain, Solar
Millennium developed Europe's first parabolic trough power plants and
realized these together with partners. Additional projects are planned
around the world with an overall capacity of more than 2,000 megawatts:
here the current regional focus is on Spain, the US, India, China, the
Middle East and North Africa.
About solar-thermal power plant technology:
Solar-thermal power plants generate electricity by converting solar
radiation into heat energy. In a parabolic trough power plant,
trough-shaped mirrors concentrate the incidental radiation onto a pipe in
the focal line of the collector. Its absorption heats a fluid heat medium
in the pipe, generating steam in the power block through a heat exchanger.
As in conventional power plants, the steam powers a turbine to generate
electricity. By integrating thermal storage, electricity can be supplied on
demand, even after sunset.
For further information:
Solar Millennium AG
Dr. Stefan Eckhoff (Investor Relations)
Dipl.-Ing. Sven Moormann (Corporate Communications)
Tel.: +49 (0)9131 9409-0
Email: investor(at)SolarMillennium.de / presse(at)SolarMillennium.de
Web: www.SolarMillennium.de
This press release constitutes neither an offer to sell nor the
solicitation of an offer to buy any securities of Solar Millennium AG. The
press release shall not form the basis for investment decisions regarding
securities of the company. Any such investment decision of a prospective
investor shall be based solely on such prospective investor's own
investigations and assessments.
This release contains forward-looking statements. These statements are not
a description of past facts, but rather relate to expectations and opinions
of Solar Millennium AG. These statements are based on current plans,
assessments and forecasts of the company. Investors should not rely on
these statements. Forward-looking statements must be understood in the
context of the circumstances existing at the time when they were made. The
company assumes no obligation to update the forward-looking statements in
this release based on new information or future events. Forward-looking
statements always involve risks and uncertainty. Due to a multitude of
factors, actual events and actual developments may differ significantly
from the forward-looking statements contained herein.
15.03.2010 23:43 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
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Datum: 15.03.2010 - 18:43 Uhr
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