ROCKLIN, Calif., August 4, 2015—SMA Solar Technology AG (SMA) has tapped Marko Wittich, the company’s current executive vice president of sales for the Americas region, to also helm SMA America. In addition to his role as EVP, Wittich has assumed the president and general manager functions for SMA’s U.S.-based subsidiary, leading all product sales and marketing activities in North America. His focus is on SMA’s strategic growth in all market segments—residential, commercial, off-grid/hybrid and utility-scale PV—of the U.S. and Canada. He is also tasked with increasing SMA’s presence in Latin America, particularly in Mexico, Chile and Brazil.
“North America has consistently been one of our strongest markets, with SMA America producing robust sales figures year over year,” said Pierre-Pascal Urbon, chief executive officer and chief financial officer of SMA Solar Technology AG. “Marko has the experience, passion and drive to further propel SMA America as the market and technology leader in the U.S. and Canada, as well as in emerging markets in Latin America.”
Prior to joining SMA, Wittich was the managing director of the Asia region for the Minimax Viking Group, a global leader in fire detection and suppression systems based in Bad Oldesloe, Germany.
The SMA Group, with sales of more than €800 million in 2014, is the global market leader for solar inverters, a key component of all PV plants and offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 21 countries. The Group employs more than 4,500 people worldwide. SMA’s broad product portfolio includes a compatible inverter for every type of module on the market and for all PV system sizes. The repeatedly awarded product range includes system technologies for grid-connected photovoltaic systems as well as off-grid and hybrid systems. The technology is protected by more than 550 patents. The range of services is supplemented by comprehensive services and operational management of large-scale PV power plants. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index. www.SMA-America.com
916 625 0870
Investor Relations Contact:
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.