Cencorp - Company Announcement

VIKRAM SOLAR AND CENCORP CONSIDER OPPORTUNITIES FOR BUSINESS AND PARTNERSHIP COLLABORATION

CENCORP CORPORATION STOCK EXCHANGE RELEASE      7 February 2014 at 14.10
Finnish Time 



VIKRAM SOLAR AND CENCORP CONSIDER OPPORTUNITIES FOR BUSINESS AND PARTNERSHIP
COLLABORATION 



Vikram Solar Pvt, Ltd (”Vikram Solar”), an Indian company, and Cencorp
Corporation (”Cencorp”) have started to review collaboration opportunities for
using Cencorp's MWT (Metal Wrap Through) technology for photovoltaic modules in
Vikram Solar's solar energy projects. MWT technology refers to Conductive Back
Sheet (CBS) based module structure. 



The parties have signed a Term Sheet on collaboration on 7 February 2014. As
agreed in the Term Sheet consideration of collaboration options shall take max.
six months. During that time the parties negotiate both business opportunities
in photovoltaic module business and opportunities for ownership arrangements
between the companies. 



Vikram Solar is the leading provider of solar energy projects in India and it
belongs to a technology group Vikram Group (www.vikram.in). 



The negotiations for business and partnership collaboration between the
parties, including detailed terms, are still under negotiations, thus it is not
yet certain that the transactions will be materialized. Further, realization of
the transactions defined in the non-binding Term Sheet is subject to several
issues such as due diligence and especially to Cencorp's short and long term
financing. Therefore, Cencorp is not yet able to estimate possible realization
and effective date of the transactions, the transactions' influence in Cencorp
nor risks relating to them. Cencorp will announce further information as soon
as the negotiations have been finished. 



In Mikkeli, 7. February 2014



CENCORP CORPORATION



For more information:

Iikka Savisalo

President and CEO

Cencorp Corporation

Tel. +358 40 521 6082, email: iikka.savisalo@cencorp.com





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Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment in the product portfolio includes automated applications of
odd-form assembly and depaneling for the electronic boards, testing equipment
and advanced materials processing by laser. All Cencorp's offering improves the
efficiency of the customers' production. Cencorp has clean technology,
especially photovoltaic (PV) solutions as its other business segment. Cencorp
now offers its automated manufacturing technology of the PV modules,
manufactures and sells photovoltaic modules, based on Cencorp´s own technology
as well as key components of photovoltaic modules. 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 head office is located in Mikkeli, Finland.
The company is part of the Finnish Savcor Group.