AT&M Co., Ltd. and Odersun AG to Form Joint Venture in Beijing, China

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Mon Nov 2, 2009 1:50am EST

Material Expert and Thin-Film Solar Innovator Join Forces to Address Chinese
Solar Market
BEIJING & BERLIN--(Business Wire)--
Advanced Technology & Materials Co., Ltd. (AT&M), a Chinese stock-listed
high-tech enterprise in advanced materials, and Odersun AG, a German
manufacturer of thin-film solar cells and modules, today announced the plan to
form a joint venture in Beijing, China, for the production and sales of solar
cells and modules based on Odersun proprietary thin-film technology. 

Odersun and AT&M established their relationship in 2004, when AT&M became an
early investor in Odersun and a strategic partner in a number of joint research
projects. As recent renewable energy support schemes drive significant growth in
the photovoltaic sector in China, both companies now join forces to address the
fast-growing market by forming this joint venture. 

"We are delighted with this chance to bring highly innovative and flexible solar
products based on Odersun`s technology to the growing Chinese market," says Dr.
Zhao Pei, President of AT&M, "Our joint venture is the result of long-term
cooperation and trust between Odersun and AT&M." 

AT&M`s expertise in material science and technologies as well as Odersun`s
innovative solar technology and market experience, form the mutually beneficial
foundation of this collaboration: "Here we have the unique opportunity to
address the Chinese market and at the same time to further accelerate innovation
at Odersun in cooperation with a highly competent partner," states Dr. Hein van
der Zeeuw, Chief Executive Officer of Odersun AG, "While we continue with our
current expansion plans in Germany, our future technology development will
benefit from AT&M`s expertise and longtime experience in material technology and
manufacturing." 

The construction of the joint venture`s manufacturing facilities in China is
expected to start in the course of 2010. 

About Advanced Technology and Materials (www.atmcn.com/en/)

Advanced Technology & Materials Co., Ltd. is principally engaged in the
development, manufacture, and sale of new materials and related products. The
Company is also involved in the trading business and the provision of
engineering technologies. The Company offers its products under four categories:
extra-hard and refractory materials, functional materials, fine metal products,
and biomedical materials. 

About Odersun AG (www.odersun.com)

Odersun AG designs and manufactures flexible, silicon free, solar products using
a proprietary, worldwide patented, thin-film technology. Its manufacturing
process enables the company to produce solar cells that can be assembled into
solar modules of virtually any size or any power, in flexible or glass
packaging. This adaptability is decisive for applications of building integrated
photovoltaics (BiPV). 

The company is backed by an international group of leading investors including
Doughty Hanson Technology Ventures (UK), Virgin Green Fund (US/UK), Advanced
Technology & Materials (China), PCG Clean Energy & Technology Fund (US), AGF
Private Equity (a member of Allianz Group, France) and Valor KG (Austria).

AT&M Co., Ltd., CHINA
Jianliang Zhang, +8610-62182757
zhangjianliang@atmcn.com
or
Odersun AG, GERMANY
Korinna Penndorf, +49 (0)172 2380 110
Korinna.penndorf@odersun.de

Copyright Business Wire 2009

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