DGAP-News: SMA Solar Technology AG Founds Subsidiary coneva GmbH for Digital Energy Solutions

DGAP-News: SMA Solar Technology AG / Key word(s): Miscellaneous
SMA Solar Technology AG Founds Subsidiary coneva GmbH for Digital Energy
Solutions

19.01.2018 / 13:14
The issuer is solely responsible for the content of this announcement.

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SMA Solar Technology AG - Corporate News

SMA Solar Technology AG Founds Subsidiary coneva GmbH for Digital Energy
Solutions

Niestetal, January 19, 2018 - SMA Solar Technology AG (SMA/FWB: S92) has
founded a new subsidiary for digital energy solutions. coneva GmbH, which is
headquartered in Munich, offers companies such as public utilities, housing
associations and telecommunication companies White Label solutions for
energy management and the integration of end customers into the energy
market. Another business field includes a range of energy monitoring,
control and management solutions for commercial enterprises and public
institutions, helping them considerably save on energy costs. At E-World
energy & water from February 6 to 8 in Essen, Germany, coneva GmbH will be
showcasing its solution range for the first time.

The energy supply industry is undergoing a fundamental change and becoming
increasingly decentralized and digital. More and more companies and end
users are leveraging the cost advantages of renewable energies and producing
their own electricity cost-effectively. In this environment, traditional
business models of public utilities are becoming increasingly obsolete, and
new competitors are entering the market and providing energy prosumers with
innovative solutions for the efficient use and marketing of their
self-generated electricity. Traditional utilities can retain a foothold in
this market only by offering their customers dedicated solutions for the new
energy world. And it is precisely these solutions that coneva GmbH develops
for them.

"Digitalization of the energy supply offers many attractive business
opportunities," said SMA CEO Pierre-Pascal Urbon. "Against this background,
the evolution of SMA over the coming years into an energy service provider
is one of our key strategic goals. The founding of coneva GmbH is an
important milestone along this road. This will allow us to tap into new
markets and customer groups with an energy service platform, an ecosystem
comprising the IoT platform for energy management ennexOS, a range of
innovative services and partners from the energy industry. This all is
possible thanks to the many years of experience and the unparalleled
expertise of SMA in all areas of cross-sector energy management."

The heart of coneva GmbH's business model is holistic energy management
across all sectors-from generators such as photovoltaics and wind turbine
systems, through loads such as lighting, heating, ventilation,
refrigeration, cooling, to storage and e-mobility, as well as the matching
of supply and demand via the ennexOS platform developed by SMA.

"Digitalization of the energy supply offers completely new opportunities and
possibilities for areas such as public utilities, the housing sector,
supermarkets, hotel chains and OEMs," said coneva general manager Jochen
Schneider. "We are really excited to have the opportunity to help our
customers leverage this potential with our experienced team of specialists.
Our White Label solution approach combines the appropriate hardware and
software with a range of relevant services to create comprehensive solution
packages. Numerous startups are entering the energy services market in
particular and many of them have little experience either on the market or
with this technology. For us, it is thus a huge advantage that we can build
on SMA's many years of expertise, sophisticated technology and data, while
also being able to act as a dynamic, standalone unit completely independent
of the parent company. On top of that, SMA's financial strength gives our
customers that all-important security."

At E-World energy & water from February 6 to 8 in Essen, coneva GmbH will be
showcasing its solutions in Hall 2, Booth 2-314.

About SMA

The SMA Group with sales of around EUR1 billion in 2016 is the global market
leader for solar inverters, a key component of all PV plants. SMA offers a
wide range of products and solutions that allow for high energy yields for
residential and commercial PV systems and large-scale PV power plants. To
increase PV self-consumption efficiently, SMA system technology can easily
be combined with different battery technologies. Intelligent energy
management solutions, comprehensive services and operational management of
PV power plants round off SMA's range. The company is headquartered in
Niestetal, near Kassel, Germany, is represented in 20 countries and has more
than 3,000 employees worldwide, including 500 working in Development. SMA's
multi-award-winning technology is protected by more than 1,000 patents and
utility models. 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 that is listed
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

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.


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19.01.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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, Tradegate Exchange



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