SMA Expands Managing Board in the Area of Technology

DGAP-News: SMA Solar Technology AG / Key word(s): Change of Personnel
SMA Solar Technology AG: SMA Expands Managing Board in the Area of
Technology

19.03.2014 / 17:07

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SMA Solar Technology AG - Corporate News

SMA Solar Technology AG Expands Managing Board in the Area of Technology

Changes in the Managing Board:
- Roland Grebe's contract has been extended for additional five years. As
Board Member for Technical Innovation he will be responsible for
further developing product solutions for hybrid and storage
applications as well as for the development of system solutions for
future business areas.

- As of April 1, 2014, Dr.-Ing. Jürgen Reinert has been appointed as
Board Member for Technical Development. In this function, he will be
responsible for the development of the new product platforms as well as
expanding SMA development facilities worldwide.

- Marko Werner, Board Member for Sales, will not be available for an
extension of his contract. The amount of travel required by his board
position is not any longer compatible with his family circumstances. As
Executive Vice President Marko Werner will be responsible for European
sales starting on June 11, 2014.

Niestetal, 19 March 2014-SMA Solar Technology AG (SMA/FWB: S92) will extend
the Technology board department to consist of Technical Innovation and
Technical Development business areas. At the last meeting the SMA
Supervisory Board extended the contract of hitherto Chief Technology
Officer Roland Grebe for additional five years. As Board Member for
Technical Innovation he will be responsible for further developing product
solutions for hybrid and storage applications as well as the SMA system
solutions. Roland Grebe will also be in charge of the development of
technical solutions for future business areas.

In addition, Dr.-Ing. Jürgen Reinert has been appointed to the Managing
Board. As of April 1, 2014, as Board Member for Technical Development, Mr.
Reinert will be in charge of developing new product platforms and expanding
SMA development facilities worldwide. The Managing Board contract has a
term of five years. Employed at SMA since 2011, Dr.-Ing. Jürgen Reinert has
served as Executive Vice President and was successful in expanding the
global project business of the Power Plant Solutions division. The new
product generation of Sunny Central inverters-that will be launched this
year-was designed under his leadership.

Chief Sales Officer Marko Werner will not be available for an extension of
his contract, which expires on June 10, 2014. The amount of travel required
by his board position is not any longer compatible with his family
circumstances. Marko Werner will be appointed Executive Vice President of
European Sales on June 11, 2014. Pierre-Pascal Urbon, Board Member for
Strategy (CEO), will assume responsibility for global sales and service
until the board position is filled.

"By strengthening the Managing Board, SMA is underscoring its technological
focus and embedding key elements of its corporate strategy on the
management level," said Dr.-Ing. h.c. Günther Cramer, Supervisory Board
Chairman of SMA Solar Technology AG. "The global photovoltaic market is
undergoing major structural changes. Therefore, technology development is
the key to achieving a global energy transition as well as for the required
cost reduction. Only with innovative system technology will we be able to
decentralize the supply structures in the energy industry. As an innovation
leader, SMA can take a pioneering role in this regard and serve as a
specialist for system technology in the world's growing photovoltaic
market. With Dr.-Ing. Jürgen Reinert, next to Roland Grebe we have
appointed to the Managing Board another outstanding development expert with
long-standing international experience. I'm convinced that this was the
right decision for expanding the technology leadership of SMA in the long
term," added Dr.-Ing. h.c. Günther Cramer.

"The decision made by Mr. Werner deserves our respect," said Günther
Cramer, "and we are more than happy that he will continue to serve SMA as
an excellent sales specialist. The massive changes taking place in the
European photovoltaic market demand our full attention. Thanks to his
long-standing experience and excellent customer contacts, Mr. Werner will
play an important role in regaining market share in Europe," explained Mr.
Cramer.

Effective June 11, 2014, the Managing Board of SMA Solar Technology AG will
consist of the following members: Roland Grebe (Board Member for Technical
Innovation), Dr.-Ing. Jürgen Reinert (Board Member for Technical
Development), Lydia Sommer (Board Member for Finance and HR/CFO),
Pierre-Pascal Urbon (Board Member for Strategy/CEO).

About SMA
The SMA Group generated sales of more than EUR0.9 billion in 2013 and is
the global market leader for solar inverters, a key component of all PV
plants. As an energy management group, SMA 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 5,000 people worldwide. SMA's broad product
portfolio includes a compatible inverter for every type of module on the
market and for all plant sizes. The product range includes both inverters
for grid-connected photovoltaic plants as well as off-grid and hybrid
system technology. The product portfolio is supplemented by comprehensive
services and operational management of utility-scale pv-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.

SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

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

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

Investor Relations contact:
Julia Damm
Manager Investor Relations
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
IR@SMA.de

Disclaimer:
This corporate news 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 corporate news 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.


End of Corporate News

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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: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart


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