SMA CEO Guenther Cramer Elected as President of German Solar Industry Association

Niestetal, November 19, 2009 – Guenther Cramer, Chief Executive Officer of SMA Solar Technology AG, was elected as the new President of the Bundesverband Solarwirtschaft e.V. (BSW-Solar) at the association’s annual meeting yesterday.

BSW-Solar is the industry association of the German solar sector. It is located at Berlin and represents around 800 members. The association acts as an informant and intermediary between business and the political and public sectors and represents the common commercial interests of businesses within the solar energy industry.

“Photovoltaics are on their way to becoming a pillar of our power supply. The coming years will be crucial for the sustainable success and the competitive position of photovoltaics,” explains Cramer. “The Renewable Energy Resources Act has significantly contributed to the creation of this growth industry with a high number of jobs and domestic added value. We will be happy to enter a constructive dialogue on the review of the feed-in tariffs for solar energy with the new federal government. Only a strong domestic market enables the photovoltaics sector to enhance its technological leadership and reach competitiveness with other energy sources.”

The election of a new president of BSW-Solar became necessary because of the death of the previous president of the association, Georg Salvamoser. There are no additional changes to the Executive Board of BSW-Solar, which is formed by Helmut Jaeger, President of Solvis GmbH, Werner B. Koldehoff, Management Consultant, Rudolf Sonnemann, CEO of Stiebel Eltron GmbH, Claudio Fischer-Zernin-Schmitt of Ufh GmbH, Frank Asbeck, CEO of SolarWorld, Klaus-Bernhard Hofmann, President CPR of SCHOTT AG, and Matthias Willenbacher, Board Member of juwi Holding AG.

In addition to his new office as President of BSW-Solar, Guenther Cramer is also a member of the Board of Directors of the European Photovoltaic Industry Association (EPIA) and the Kompetenznetzwerk Dezentrale Energietechnologien e.V. (deENet).

About SMA
The SMA Group generated sales of more than EUR 680 million in 2008 and is the worldwide market leader for photovoltaic inverters, a key component of all solar power plants. It is headquartered in Niestetal, near Kassel, Germany and represented by foreign subsidiaries in twelve countries on four continents. The Group employs a staff of over 3,500 (incl. temporary employees). SMA’s product portfolio includes the most comprehensive range of inverters on the market, offering a compatible inverter for every type of photovoltaic module and for all plant sizes. The product range covers both inverters for photovoltaic plants connected to the grid as well as inverters for off-grid systems. 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. In recent years, SMA has received numerous awards for its excellence as an employer.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal

Press contact:
Volker Wasgindt
Head of Press and Association Work
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03

Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23

Julia Damm (Private Investors)
Phone +49 561 9522-11 64

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 executive 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 The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.