Cencorp - Company Announcement

CENCORP MAKES A WRITE-DOWN OF EUR 3.0 MILLION IN THE ASSETS RELATED TO ITS FACTORY IN BEIJING

CENCORP CORPORATION                                    STOCK EXCHANGE RELEASE
16 February 2015  at 17.50 Finnish time 



CENCORP MAKES A WRITE-DOWN OF EUR 3.0 MILLION IN THE ASSETS RELATED TO ITS
FACTORY IN BEIJING 

Cencorp Corporation has not been able to find a buyer for the production of
RFID components and flexible electronics for mobile phones who could utilize
the technology in its production. Thus Cencorp makes a write-down of EUR 3.0
million in the assets related to its factory in Beijing. The company has
already earlier on 20 August 2014 made a write-down of EUR 3.2 million in the
assets related to the Beijing factory and transferred the production of
Conductive Back Sheets for solar modules to its factory in Mikkeli. After the
write-down the value of the Beijing factory has been totally written down.
However, despite the write-down Cencorp continues to take actions to sell the
technology and production machinery related to the production of RFID
components and flexible electronics for mobile phones. 



In Mikkeli 16 February 2015



Cencorp Corporation

Board of Directors



For more information:

Iikka Savisalo

President and CEO

Cencorp Oyj

Tel. +358 40 521 6082,

Email: iikka.savisalo@cencorp.com



Distribution:

NASDAQ OMX, Helsinki

Main media

www.cencorp.com



Cencorp Corporation specializes in the clean energy, especially in photovoltaic
solutions. Cencorp provides automated production technology for solar modules
based on the company's own technology; production lines for modules; solar
modules and special components for solar modules. Cencorp's head office is
located in Mikkeli, Finland. The company is part of the Finnish Savcor Group.