SMA AG Acquires Stake in Tigo Energy, Inc

SMA Solar Technology AG / Key word(s): Investment

08.04.2016 10:01

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG Acquires Stake in Tigo Energy, Inc. to Tap into the
Market for Smart Module Technology

Niestetal/Los Gatos, April 8, 2016 - SMA Solar Technology AG (SMA/FWB: S92)
is acquiring a 27% stake in Tigo Energy, Inc. in the context of a USD 20
million capital increase. At the same time, SMA is acquiring the exclusive
rights for worldwide sales of TS4 Retrofit, the new product platform for
module optimization developed by Tigo Energy, for 30 months. SMA is also
receiving a seat on Tigo Energy's Board of Directors. Both companies will
cooperate in the areas of research, sales and service.

The strategic partnership gives SMA access to the strongly growing market
of module-level power electronics (MLPE) with an annual market volume
estimated at approximately EUR 700 million. In addition, SMA will deploy
the new solution for expanding its data-based business models.

The SMA Managing Board confirms its sales and profits guidance for the 2016
fiscal year. For 2016, the SMA Managing Board estimates sales between EUR
950 million and EUR 1,050 million and a considerable upturn in profits to
between EUR 80 million and EUR 120 million.


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Information and Explanation of the Issuer to this News:

About SMA
The SMA Group generated sales of approximately EUR 1.0 billion in 2015 and
is the worldwide market leader for photovoltaic inverters, a key component
of all photovoltaic systems and offers innovative key technologies for
future structures of energy provision. It is headquartered in Niestetal,
near Kassel, Germany, and is represented in 20 countries. The Group employs
a staff of over 3,500 worldwide. SMA has a broad product portfolio that
offers the suitable investor for every module type and plant size
worldwide: for small roof plants, large solar parks and grid linked plans
as well as island and hybrid systems. In addition, SMA offers system
technology for various battery technologies and plant sizes as well as
cooperating with renowned battery manufacturers and companies in the
automobile industry. SMA technology is protected by some 700 patents. The
product portfolio is supplemented by extensive services and the operating
management of large-scale solar 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 is currently the only
company in the solar industry listed included in the TecDAX index.

About Tigo
Tigo is the market leader in smart module technology for the solar
industry. Tigo shipped over 1.2 million units installed ranging from 2kW to
7MW systems worldwide. The Silicon Valley Company utilizes a patented
technology to increase energy production, simplify design and installation,
improve fire safety, and ensure the highest uptime and reliability with
cloud-based monitoring. Tigo's modular TS4 platform can be selectively
deployed with different functionalities per module at different price
points utilizing Predictive IV (PIV) technology to maximize energy harvest
at minimal cost. Tigo's integrated solution is the first and most
successful smart module solution in the industry. Tigo was founded in 2007
by a team of experienced technologists. Tigo developed the first generation
Smart Module Optimizer technology for the solar industry. Tigo has
operations in the USA, across Europe, Japan, China, Australia and the
Middle East.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

President of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
Presse@SMA.de

Contact Press:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
Presse@SMA.de

Disclaimer:
This ad-hoc-announcement 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.

This ad-hoc-announcement 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
www.SMA.de. The company accepts no obligation whatsoever to update these
future-oriented statements or to adjust them to future events or
developments.

08.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart;
Terminbörse EUREX

End of Announcement DGAP News-Service

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