Cencorp - Company Announcement

CENCORP STARTS CONDUCTIVE BACK SHEET (CBS) DELIVERIES TO A MAJOR CHINESE SOLAR PHOTOVOLTAIC (PV) MODULE MANUFACTURER DURING THE FIRST HALF OF 2013

Cencorp Corporation          Stock Exchange Release 29 January 2013 at 09.40



CENCORP STARTS CONDUCTIVE BACK SHEET (CBS)DELIVERIES TO A MAJOR CHINESE SOLAR
PHOTOVOLTAIC (PV) MODULE MANUFACTURER DURING THE FIRST HALF OF 2013 



Cencorp Corporation (”Cencorp”) published in November 2012 that the company
signed a Memorandum of Understanding (MOU) on delivering Conductive Back Sheets
(CBS) to one of the leading Chinese photovoltaic (PV) module manufacturer. The
value of the MOU is expected to be ca. EUR 20 million at its minimum over the
course of the next three years. The Memorandum of Understanding is non-binding. 



Cooperation described in the MOU has proceeded as planned during the fourth
quarter of 2012 and in January 2013. According to the customer's latest written
estimate CBS mass deliveries commences during the first half of 2013. Based on
the current knowledge Cencorp expects demand to increase toward the end of the
year. Cencorp still believes that the value of the deliveries will be ca. EUR
20 million at its minimum over the course of the next three years, as estimated
earlier. Components will be manufactured at Cencorp's plant in Beijing, where
required capacity is allocated, based on forecasts. 



Cencorp considers itself to be the only next generation CBS manufacturer with
significant mass production capacity in the world. 



According to external experts' estimations the global CBS market is expected to
grow into billions of Euros by the year 2020. Cencorp trusts the company is
well prepared to meet the expected growing demand. 



Cencorp is also negotiating with several other major PV module manufacturers
and their customers. 



The final terms of an agreement are still under negotiations, thus execution of
the agreement is not yet guaranteed. 



In Mikkeli, 29 January 2013



Cencorp Corporation

Board of Directors



For more information, please contact:



Iikka Savisalo, President and CEO, tel. +358 40 521 6082,

iikka.savisalo@cencorp.com











Distribution:

NASDAQ OMX, Helsinki

Main media

www.cencorp.com







Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment included in the product portfolio designed for depaneling,
odd-form assembly, testing and laser materials processing substantially
improves the efficiency of customers' production. The product range also
includes EMI shielding solutions, RFID antennas, other flexible circuits
including for example conductive back sheets used in photovoltaic modules and
mobile phone antennas. Cencorp's customers are manufacturers of automotive
electronics, mobile phone antennas and photovoltaic modules as well as
manufacturers operating in telecommunications and in industrial automation.
Cencorp's head office is located in Mikkeli, Finland. The company is part of
the Finnish Savcor Group.