SMA Managing Board presents restructuring plans – global workforce to be reduced by around 425 full-time positions

The Managing Board of SMA Solar Technology AG (SMA/FWB: S92) has presented the restructuring measures announced in September to the employees. One of the main planned measures is the discontinuation of China as a location and the sale of the Chinese companies to the management there. The restructuring will involve a reduction of the global workforce by around 425 full-time positions. The restructuring measures are needed in order to return SMA to profitability quickly in an environment characterized by a sharp decline in prices. In addition, SMA will position itself for the future as a systems and solutions provider.

“Our deliberations with regard to restructuring centered on the issue of location. With the measures that have now been resolved, the SMA Managing Board is demonstrating its commitment to Germany as a business location. The measures are aimed at reducing SMA’s fixed costs and making optimal use of our capacity at the headquarters by focusing on our core competencies, outsourcing and automating activities, and reorganizing structures. Unfortunately, the reduction of the global workforce by around 425 full-time positions is unavoidable in this context. It is very important to us to implement the planned staff reduction in a socially responsible way,” explains SMA CEO Dr. Jürgen Reinert. “The sale of the business units in China to the management there will create good conditions for the positive further development of business on both sides. In order to secure SMA’s success in the long term, we will increasingly press ahead with the process begun to develop the company into a systems and solutions provider and will continue to invest in the future-oriented areas of energy management, storage integration, repowering, and digital business models.”

Subject to the approval of the works council, the planned restructuring measures are to be implemented starting from January 2019. Worldwide, the SMA Managing Board plans to cut around 425 of the total 3,307 full-time positions (not including temporary employees) as of December 31, 2018, until 2020. More than 100 of these full-time positions relate to Germany and more than 300 to the foreign locations. The SMA Managing Board is aiming to carry out the staff reduction in a socially responsible way. However, compulsory redundancies cannot be ruled out at present.

The SMA Managing Board is confirming its sales and earnings guidance for the current fiscal year. It anticipates sales of €760 million to €780 million and negative EBITDA in the mid to high tens of millions of euros. For 2019, the SMA Managing Board is aiming for sales growth and positive EBITDA.

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Green City Solarimpuls-Anleihe übernimmt 10 MWp-Solarpark Schwerin

Die Green City AG treibt mit ihrer sachwertbasierten Anleihe „Green City Solarimpuls“ den Ausbau der Solarenergie voran. Nachdem sich die Green City-Gruppe im Frühjahr Projektrechte für Freiflächenanlagen in Spanien, Südfrankreich und dem bayerischen Vilseck sicherte, erweitert sie jetzt ihr Portfolio mit dem bereits fertig gebauten und sich seit 2015 in Betrieb befindlichen Solarpark Schwerin. Insgesamt sind in in der Solarimpuls-Anleihe nun Solarkraftwerke mit 18,7 MWp gebündelt. Eine Investition in die Anleihe bietet die Möglichkeit, vom solaren Siegeszug zu profitieren: Denn durch die Kombination aus starker Solareinstrahlung, sinkenden Technologiekosten und steigenden Wirkungsgraden wird die Solarenergie zum kostengünstigsten Energieträger in Europa.

Mit dem Solarpark Schwerin erweitert die Green City-Gruppe das Portfolio der Festzinsanleihe Solarimpuls um eine weitere Anlage in Deutschland. Im November ging der Green City Solarpark Schwerin in das Portfolio der Emittentin über. Der Projektentwickler PVStrom Solar Investments aus Ludwigsburg wird auch weiterhin während der gesamten Betriebszeit die Betriebsführung des Parks fortführen. Die Freiflächenanlage wurde im August 2015 auf einem ehemaligen Kasernengelände in Betrieb genommen und erzeugt mit 37.275 Solarmodulen mit einer Leistung von 10 MWp über 10.000.000 KWh Sonnenstrom. Jede erzeugte Kilowattstunde ist mit einer Einspeisevergütung von knapp 9 Cent gesichert. Mit der seit Jahren in Betrieb befindlichen Anlage können sichere und langfristige Stromerlöse erzielt werden. „Der Solarpark Schwerin liefert seit über drei Jahren verlässlich ökologischen Strom aus Sonnenenergie. Genehmigungsrisiken und Risiken während der Bauphase sind somit für die Investoren ausgeschlossen“, so Finanzvorstand der Green City AG Frank Wolf

Mit der sachwertbasierten Anleihe Solarimpuls investiert die Emittentin in ein breit gestreutes Solarportfolio – von Mieterstromanlagen in Deutschland bis zu Megawattanlagen in Südeuropa. Seit dem Vertriebsstart ist das Produktportfolio auf insgesamt sieben Investitionsobjekte gewachsen: Als erstes Mieterstrom- und Quartiersprojekt hatte die Emittentin in die 30 kWp Dach-PV-Anlage auf den Büroräumen der Green City AG in München investiert. Im August kam ein Paket aus 41 Dachflächenanlagen in Südfrankreich hinzu, die nach Fertigstellung eine geplante Gesamtleistung von 6,72 MWp erzielen werden. Sowohl in Südfrankreich und Südostspanien als auch im bayerischen Vilseck sicherte sie sich darüber hinaus die Rechte an potentiellen Freiflächen-PV-Anlagen mit einer geplanten Gesamtleistung von knapp 115 MWp. Die Anlagen sollen durch die aktuell zur Investition offen stehende Anleihe finanziert werden.

Zwischenbilanz für das Kapitalprodukt mit Chancenbausteinen

700 Anlegerinnen und Anleger haben bereits rund 8 Millionen Euro Investitionsvolumen die Solarimpuls-Anleihe gezeichnet. Die Emittentin bietet mit der Solarimpuls-Anleihe erstmals eine ökologische Geldanlage mit zusätzlichen Chancenbausteinen an. Der Zinssatz besteht aus einem Mindestanteil von 3,25 Prozent p.a. sowie einem variablen Anteil, bei dem der Festzins um die jährliche Inflation angepasst wird*. Ab einem Mindesterwerbsvolumen von 1.000 Euro können sich auch Kleinanleger in die „Solarimpuls“-Anleihe investieren. Die Laufzeit beträgt mindestens rund fünf (bis 2023), maximal 20 Jahre. Anlegerinnen und Anleger, die bis September 2037 dabei bleiben, können eine zusätzliche Erfolgsbeteiligung erhalten: 50 Prozent des etwaigen Mehrwerts der Emittentin werden ausgeschüttet.

Emittentin der Anleihe ist die Green City Solarimpuls I GmbH & Co. KG (oben auch „Green City Solarimpuls“ benannt), deren alleinige Kommanditistin die Green City AG ist. Mehr Informationen finden Sie unter https://www.greencity-finance.de/solarimpuls/ oder am 12. Dezember bei der Infoveranstaltung in der Orange Bar in München.  

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Uranium Energy Corp Extends Credit Facility to January 31, 2022 and Completes Royalty Sales to Uranium Royalty Corp

– Maturity of existing $20 million Sprott credit facility is extended to January 31, 2022, further strengthens the Company’s working capital position and financial flexibility.
– No principal repayments until maturity.
– Completion of royalty sales creates a new significant ownership stake in Uranium Royalty Corp.

Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC” – http://www.commodity-tv.net/c/search_adv/?v=298723) is pleased to announce that the Company and its lenders, which include Sprott Resource Lending Partnership, have agreed to extend the Company’s current $20,000,000 senior secured credit facility (the “Credit Facility”) to January 31, 2022 without any principal repayments required until maturity (collectively, the “Credit Facility Extension”).

Amir Adnani, President and CEO, stated, “The Company’s cash position of approximately $24.5 million, the Credit Facility Extension and the royalty sales together evidence UEC’s strong balance sheet heading into 2019.  The Credit Facility Extension allows us to maximize working capital to advance our portfolio of low-cost and production-ready ISR projects in Texas and Wyoming in this critical time for the U.S. uranium industry.   Additionally, the agreement with Uranium Royalty Corp. increases our ownership in this exciting venture to over one-third, adding a long-term asset to our uranium portfolio and balance sheet.”

The interest rate for the Credit Facility remains unchanged at 8%.  In connection with the Credit Facility Extension, the Company has issued a total of 1,180,328 common shares of the Company to the lenders as an extension fee.  As with the Company’s prior Credit Facility, should any principal be outstanding on each of November 30, 2019, 2020 and 2021, an annual fee will continue to be due in cash or stock, at the option of the Company, at the rate of 7%, 6.5% and 6%, respectively, on each such date.

Royalties sale completed

The Company recently closed a royalty purchase agreement with Uranium Royalty Corp. (“URC”). The Company, together with one of its wholly-owned subsidiaries, sold a one percent (1%) net smelter return royalty (collectively, the "Royalties") for uranium on UEC’s hard-rock conventional projects, Slick Rock (Colorado), Workman Creek (Arizona) and Anderson (Arizona).  As consideration for the sale of the Royalties, UEC received 12,000,000 common shares of URC representing, along with UEC’s prior interest, over a 34% holding in URC as of this date. URC is a private company with a unique and sole focus on uranium royalty and streaming assets. It is also a large and strategic shareholder in Yellow Cake PLC (AIM: YCA), a holder of physical uranium.

About Uranium Energy Corp

Uranium Energy Corp is a U.S.-based uranium mining and exploration company with additional titanium and vanadium assets.  The Company’s fully-licensed Hobson Processing Facility is central to all of its uranium projects in South Texas, including the Palangana ISR mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.  In Wyoming, UEC controls the permitted Reno Creek ISR uranium project. Additionally, the Company controls a pipeline of advanced-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. The Company also controls a large high-grade titanium project in Paraguay and significant vanadium resources in combination with its Slick Rock uranium project in Colorado. The Company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

The securities referred to in this news release have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Contact Uranium Energy Corp Investor Relations at:
Toll Free: (866) 748-1030
Fax: (361) 888-5041
E-mail: info@uraniumenergy.com
Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US916896103

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements.  These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.  Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements.  Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such risks and other factors include, among others, the actual results of exploration activities, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.  Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.  Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected.  Many of these factors are beyond the Company’s ability to control or predict.  Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission.  The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.  Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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Uranium Energy Corp verlängert Kreditlinie auf 31. Januar 2022 und schließt Lizenzverkäufe an Uranium Royalty Corp ab

– Fälligkeit der bestehenden 20 Millionen US-Dollar Sprott-Kreditlinie wird bis zum 31. Januar 2022 verlängert, wodurch die Betriebskapitalposition und die finanzielle Flexibilität des Unternehmens weiter gestärkt werden.
– Keine Tilgungszahlungen bis zur Fälligkeit.
– Mit dem Abschluss der Lizenzverkäufe entsteht eine neue bedeutende Beteiligung an Uranium Royalty Corp.

Uranium Energy Corp (NYSE American: UEC, das "Unternehmen" oder "UEC" – http://www.commodity-tv.net/c/search_adv/?v=298723) freut sich bekannt zu geben, dass das Unternehmen und seine Kreditgeber, zu denen auch die Sprott Resource Lending Partnership gehört, vereinbart haben, die derzeitige vorrangig besicherte Kreditfazilität des Unternehmens in Höhe von 20.000.000 US-$ (die "Kreditfazilität") bis zum 31. Januar 2022 ohne bis zur Fälligkeit erforderliche Kapitalrückzahlungen zu verlängern (zusammen die "Kreditfazilität").

Amir Adnani, President und CEO, erklärte: "Die Cash-Position des Unternehmens von rund 24,5 Millionen US-Dollar, die Kreditfazilität und die Lizenzverkäufe belegen zusammen die starke Bilanz von UEC im Jahr 2019. Die Kreditfazilität ermöglicht es uns, das Betriebskapital zu maximieren, um unser Portfolio an kostengünstigen und produktionsreifen ISR-Projekten in Texas und Wyoming in dieser für die Uranindustrie der USA kritischen Zeit zu erweitern.  Darüber hinaus erhöht die Vereinbarung mit Uranium Royalty Corp. unsere Beteiligung an diesem spannenden Projekt auf über ein Drittel und erweitert unser Uranportfolio und unsere Bilanz um einen langfristigen Vermögenswert."

Der Zinssatz für die Kreditlinie bleibt unverändert bei 8%. Im Zusammenhang mit der Kreditfazilität hat die Gesellschaft insgesamt 1.180.328 Stammaktien der Gesellschaft als Verlängerungsgebühr an die Kreditgeber ausgegeben. Wie bei der vorherigen Kreditfazilität der Gesellschaft wird, sollte am 30. November 2019, 2020 und 2021 jeweils Kapital ausstehend sein, weiterhin nach Wahl der Gesellschaft eine jährliche Gebühr in bar oder in Aktien in Höhe von 7%, 6,5% bzw. 6% an jedem dieser Tage fällig.

Lizenzverkauf abgeschlossen

Das Unternehmen hat kürzlich einen Lizenzkaufvertrag mit Uranium Royalty Corp. abgeschlossen ("URC"). Das Unternehmen verkaufte zusammen mit einer seiner hundertprozentigen Tochtergesellschaften eine einprozentige (1%) Nettorschmelzabgabe (zusammen die "Lizenzgebühren") für Uran auf den konventionellen UEC Hartgesteinsprojekten Slick Rock (Colorado), Workman Creek (Arizona) und Anderson (Arizona). Als Gegenleistung für den Verkauf der Lizenzgebühren erhielt UEC 12.000.000.000 Stammaktien von URC, die zusammen mit dem früheren Anteil von UEC zu diesem Zeitpunkt über 34% an URC nun ausmachen. URC ist ein privates Unternehmen mit einem einzigartigen und alleinigen Fokus auf Uranlizenzen und Streaming Assets. Sie ist auch ein großer und strategischer Aktionär von Yellow Cake PLC (AIM: YCA), einem Besitzer von physischem Uran.

Über Uranium Energy Corp.

Uranium Energy Corp. ist ein in den USA ansässiges Uranabbau- und Explorationsunternehmen mit zusätzlichen Titan- und Vanadiumanlagen. Die voll lizenzierte Hobson Processing Facility des Unternehmens ist von zentraler Bedeutung für alle seine Uranprojekte in Südtexas, einschließlich der Palangana ISR-Mine, des genehmigten Goliad ISR-Projekts und des Burke Hollow ISR-Projekts im Entwicklungsstadium. In Wyoming kontrolliert UEC das genehmigte Reno Creek ISR Uranprojekt. Darüber hinaus kontrolliert das Unternehmen eine Pipeline von fortgeschrittenen Uranprojekten in Arizona, Colorado, New Mexico und Paraguay. Das Unternehmen kontrolliert auch ein großes, hochwertiges Titanprojekt in Paraguay und bedeutende Vanadiumressourcen in Kombination mit dem Uranprojekt Slick Rock in Colorado. Die Aktivitäten des Unternehmens werden von Experten mit einem anerkannten Profil für hervorragende Leistungen in ihrer Branche geleitet, das auf jahrzehntelanger praktischer Erfahrung in den Schlüsselbereichen Uranexploration, -entwicklung und -bergbau basiert.

Die in dieser Pressemitteilung genannten Wertpapiere wurden nicht gemäß dem United States Securities Act von 1933 in der jeweils gültigen Fassung registriert und dürfen in den Vereinigten Staaten ohne Registrierung oder eine entsprechende Befreiung von der Registrierungspflicht nicht angeboten oder verkauft werden.

Kontaktieren Sie Uranium Energy Corp Investor Relations unter:
Gebührenfrei: +1(866) 748-1030
Fax: +1(361) 888-5041
E-Mail: info@uraniumenergy.com
Börseninformationen:
NYSE American: UEC
WKN: AØJDRR
ISIN: US91689696103

In Europa:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch 

Safe Harbor Erklärung

Mit Ausnahme der hierin enthaltenen Aussagen zu historischen Fakten sind oder können die in dieser Pressemitteilung enthaltenen Informationen und mündlichen Aussagen, die von Zeit zu Zeit von Vertretern des Unternehmens abgegeben werden, "zukunftsgerichtete Aussagen" darstellen, da ein solcher Begriff in den anwendbaren Gesetzen der Vereinigten Staaten und Kanadas verwendet wird und, ohne Einschränkung, im Sinne des Private Securities Litigation Reform Act von 1995, für den das Unternehmen den Schutz des sicheren Hafens für zukunftsgerichtete Aussagen geltend macht. Diese Aussagen beziehen sich auf Analysen und andere Informationen, die auf Prognosen über zukünftige Ergebnisse, Schätzungen noch nicht bestimmbarer Beträge und Annahmen des Managements beruhen.  Alle anderen Aussagen, die Vorhersagen, Erwartungen, Überzeugungen, Pläne, Prognosen, Ziele, Annahmen oder zukünftige Ereignisse oder Leistungen zum Ausdruck bringen oder diskutieren (oft, aber nicht immer, mit Worten oder Phrasen wie "erwartet" oder "erwartet nicht", "wird erwartet", "antizipiert" oder "nicht antizipiert", "plant", "schätzt" oder "beabsichtigt", oder erklärt, dass bestimmte Handlungen, Ereignisse oder Ergebnisse "kann", "könnte", "würde", "könnte" oder "wird" ergriffen werden, auftreten oder erreicht werden) sind keine Aussagen über historische Fakten und sollten als zukunftsgerichtete Aussagen betrachtet werden.  Solche zukunftsgerichteten Aussagen beinhalten bekannte und unbekannte Risiken, Unsicherheiten und andere Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse, Leistungen oder Errungenschaften des Unternehmens wesentlich von den zukünftigen Ergebnissen, Leistungen oder Errungenschaften abweichen, die in solchen zukunftsgerichteten Aussagen ausdrücklich oder implizit enthalten sind.  Zu diesen Risiken und anderen Faktoren gehören unter anderem die tatsächlichen Ergebnisse der Explorationstätigkeiten, Schwankungen der zugrunde liegenden Annahmen im Zusammenhang mit der Schätzung oder Realisierung von Bodenschätzen, die Verfügbarkeit von Kapital für die Finanzierung von Programmen und die daraus resultierende Verwässerung durch die Kapitalbeschaffung durch den Verkauf von Aktien, Unfälle, Arbeitskämpfe und andere Risiken des Bergbaus, einschließlich, aber nicht beschränkt auf die mit der Umwelt verbundenen Risiken, Verzögerungen bei der Einholung behördlicher Genehmigungen, Genehmigungen oder Finanzierungen oder bei der Fertigstellung von Entwicklungs- oder Bautätigkeiten, Rechtsstreitigkeiten oder Einschränkungen des Versicherungsschutzes.  Obwohl das Unternehmen versucht hat, wichtige Faktoren zu identifizieren, die dazu führen könnten, dass tatsächliche Handlungen, Ereignisse oder Ergebnisse wesentlich von den in zukunftsgerichteten Aussagen beschriebenen abweichen, kann es andere Faktoren geben, die dazu führen, dass Handlungen, Ereignisse oder Ergebnisse nicht wie erwartet, geschätzt oder beabsichtigt sind.  Es kann nicht garantiert werden, dass sich solche Aussagen als richtig erweisen, da die tatsächlichen Ergebnisse und zukünftigen Ereignisse wesentlich von den in solchen Aussagen erwarteten abweichen können.  Obwohl das Unternehmen davon ausgeht, dass die in solchen zukunftsgerichteten Aussagen geäußerten Erwartungen auf vernünftigen Annahmen beruhen, kann es keine Garantie dafür geben, dass seine Erwartungen erfüllt werden.  Zukunftsgerichtete Informationen unterliegen bestimmten Risiken, Trends und Unsicherheiten, die dazu führen können, dass die tatsächlichen Ergebnisse wesentlich von den prognostizierten abweichen.  Viele dieser Faktoren liegen außerhalb der Kontroll- und Prognosefähigkeit des Unternehmens.  Wichtige Faktoren, die dazu führen können, dass die tatsächlichen Ergebnisse wesentlich voneinander abweichen und sich auf das Unternehmen und die in dieser Pressemitteilung enthaltenen Aussagen auswirken könnten, sind in den Unterlagen des Unternehmens bei der Securities and Exchange Commission enthalten.  Das Unternehmen übernimmt keine Verpflichtung, zukunftsgerichtete Aussagen zu aktualisieren oder zu ergänzen, sei es aufgrund neuer Informationen, zukünftiger Ereignisse oder aus anderen Gründen.  Dementsprechend sollten sich die Leser nicht übermäßig auf zukunftsgerichtete Aussagen in dieser Pressemitteilung und in allen Dokumenten, auf die in dieser Pressemitteilung Bezug genommen wird, verlassen. Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch die Aufforderung zur Abgabe eines Angebots zum Kauf von Wertpapieren dar.

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Fossil and Biofuel Research Safeguards Sales Markets

Biodiesel and bioethanol are by far the most important alternative sustainable fuels in Germany and the European Union, not only today, but also in the years ahead. In Germany alone, they contributed about 7.7 million t CO2 equivalent towards greenhouse gas reduction in 2017. These biofuels are also by far the most important alternative fuels for attaining national energy and climate protection targets in transport on a global scale. Their ever-increasing importance is reflected in the statutory framework conditions for increasing admixture levels in the USA, Brazil, Argentina, as well as Malaysia and Indonesia. As a basic precondition for market access, this biofuel or different fuel mixtures must fulfil requirements relating to engine systems and emission laws at the same time.

In light of this, comprehensive biofuel system research is essential as a market-associated measure so that anticipated potentially negative interactions of the fuels – not only with each other, but also with engine components – can be evaluated and eliminated.  Approvals for different fuel mixtures determine the international or worldwide market development. While the relevant industry groups are implementing or have to implement the required statutory requirements under emissions law in the European Union, elsewhere political pressure is mounting to anchor technological concepts and biofuels in the market. Their market success is also established in the fact that this can be integrated comparatively easily in existing distribution systems and does not therefore lead to any additional investment costs or subsidies from tax revenues, in contrast to hydrogen technology or e-mobility.

In light of this, sustainable biofuels – optimised with greenhouse gases in mind – not only need to be developed further by systematic accompanying research, but also beyond this as a globally significant admixture component, while also examining synergy effects wherever possible. In view of the highly ambitious target time framework, climate protection measures cannot afford to dispense with existing and viable future options, especially in the transport sector that is continuing to grow globally. Against this background, scientists are presenting select research topics and results in the parallel forum “Biodiesel” of the 16th International Conference”, moderated by Dr Jürgen Krahl, Chairman of the UFOP Expert Commission “Biofuels and Renewable Resources”.

Dr Thomas Garbe, Volkswagen AG, explains in his presentation the significance of biodiesel as part of the solution for future mixed fuels. The focus here is on oxymethylene ether (OME), a renewable fuel that could play an increasing role in the renewable fuel mix long-term.Martin Kortschak from the Technology Transfer Center for Automotive Technology of Coburg University of Applied Sciences (TAC) discusses the influence of biofuels on emissions in conjunction with the so-called RDE test (Real Driving Emission) as an effective tool for fuel development.Dr Lukas Möltner, MCI Management Center Innsbruck, explains the consequences resulting from the ageing of biodiesel on oxidation mechanisms and engine usability and in the required countermeasures.The significance that the ageing process can have on various petrol and diesel fuels for black in-hybrid routes is outlined by Anja Singer from the TAC Coburg in her presentation.

In view of the international importance of biodiesel and bioethanol, it must be stressed that these research results are not only important for the German and European market, but are also of global interest because the engine requirements due to vehicle changes are also set to become stricter in key production and application countries in North and South America as well as in Asia. The Conference is therefore oriented towards all international research and industry groups interested in marketing as well as research and development in the field of biofuel production and application. The Conference offers an ideal platform for bringing science and industry together in this context.

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Maximum Comfort: The First Three-Phase SMA Inverter with Free Monitoring Smart Connected

Sunny Tripower 3.0-6.0 from SMA Solar Technology AG (SMA) is now available worldwide. The first three-phase PV inverter that is also designed for low power classes is being launched with the SMA Smart Connected service and integrated communication for module optimization. It ensures higher energy yields and investment security for operators of residential PV systems and small, commercial PV systems. Installers benefit from time and cost savings during installation and maintenance.

“Thanks to the new Sunny Tripower, it’s never been easier for our customers to utilize solar energy and further reduce their energy costs,” said Nick Morbach, Executive Vice President Business Unit Residential and Commercial at SMA. “SMA has designed a system that not only increases energy yields and self-consumption, but also offers maximum comfort for PV system operators.”

Maximum energy yields even in shading

Weighing just 17kg, the three-phase Sunny Tripower 3.0-6.0 is not only lighter than any previous Sunny Tripower devices, but also exceptionally powerful. The PV inverter can be commissioned quickly and intuitively via a smartphone or tablet using the web interface and features an integrated interface for easily connecting TS4-R module optimizers, allowing modules affected by shading to be optimized and system costs reduced as a result.

SMA Smart Connected for maximum service comfort

Thanks to the SMA Smart Connected service integrated in Sunny Tripower 3.0-6.0, PV system owners and installers are automatically and free of charge notified of any irregularities. This makes servicing faster and more cost-effective and ensures investment security for PV system owners.

More information on the new Sunny Tripower and the technical details can be found here.
Find out everything you need to know about SMA’s energy solutions for home systems here.

Disclaimer:
This press release 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 press release 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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THE GREEN EXPO® – Global Resources Environmental & Energy Network Exposition & Conference

The 26th edition of THE GREEN EXPO® has been held September 4th – 6th, 2018 in Mexico City. Almost 200 exhibitors showcased more than 400 brands and attracted about 10.000 professionals from 34 countries including congress delegates and press. Renowned companies like Fronius, ABB, Caterpillar, Komptech, Opra Turbines, Sharp and Thesan presented their solutions in the areas of energy saving and efficiency, waste management technologies and sustainable construction. Official country pavilions from the United States, Austria and Germany participated again and were very well frequented.

“For us it is very important to be part of the new recycling technologies diffusion show, that THE GREEN EXPO provides us in Mexico. THE GREEN EXPO allows the customers and suppliers an important place to join and understand the recycling industry alternatives.” stated Pia Steiner, PR and Marketing Manager of Lindner Recycling.

THE GREEN EXPO® represents the only international exhibition for Environment, Waste and Recycling, Energy, Sustainable, Cogeneration and Green Cities in Mexico offering a complete range of environmental solutions throughout the Latin American region. Beside AQUATECH MEXICO, which was again co-located with THE GREEN EXPO® 2018, there were two specialized sectorial pavilions: COGENERA´s Pavilion and The Waste & Recycling Pavilion. Alongside the exhibition the 4th COGENERA Mexico Congress and CONIECO’S 26th International Environmental Congress were successfully held. For the first time an Online Matchmaking tool was used within the registration system. Nearly 800 one-on-one meetings were set up and produced positive results for both exhibitors and attendees.

“The event was very successful for us. We got to know many new customers and projects. The organization was very good and we will participate again at THE GREEN EXPO.” informed Stefan Holzner, Sales Manager of GLS TANKS.

THE GREEN EXPO is the ideal platform to access both government and private sector and to find solutions in the areas of waste management technologies, energy saving and efficiency and sustainable construction, among many others. Professionals looking for latest technology in the fields of renewable energy, climate change, water utilization, recycling and urban environmental monitoring. The next edition of THE GREEN EXPO® will take place from September 3rd – 5th, 2019 at the World Trade Center in Mexico City. Further information is obtainable via official website www.thegreenexpo.com.mx or our international offices.

 

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Global Storage Market Study: SMA Leads the Way in Battery Inverters

With around 400MW of power sold, SMA Solar Technology AG (SMA) was the number one on the list of international battery inverter manufacturers in 2017. This was the result of the recently published “Energy Storage Inverter (PCS) Report 2018” by IHS Markit, a leading global institute for analytics and information. In addition to products for storage systems in households and companies, SMA also provided Sunny Central Storage battery inverters for multiple large-scale storage projects all over the world in 2017.

In 2017, SMA topped the list of international battery inverter manufacturers, selling 200MW more power than its closest rival. The PV inverter specialist from Niestetal, Germany, shipped battery inverters for various major projects in, among countries such as Germany, the U.S. and the United Kingdom, where it has achieved a market share of around 55 percent.

“Although the price pressure is increasing, total battery inverter shipments worldwide are growing,” said Cormac Gilligan, research manager for solar and energy storage at IHS Markit. “As energy storage installations continue to grow rapidly, leading battery inverter suppliers are continuing to expand their portfolios and enter new geographies rapidly, to safeguard their positions and stay ahead of growing competition.”

For storage systems in households and small companies, SMA offers the Sunny Boy Storage and Sunny Tripower Storage battery inverters. Sunny Island battery inverters are used in off-grid and grid-connected energy storage systems. With Sunny Central Storage, SMA offers battery inverters for storage projects on a power plant scale. The Sunny Central Storage solutions for integrating large-scale, state-of-the-art storage systems make a key contribution to the continued rise of renewable energies because they offer a range of grid management services for stabilizing the utility grid.

All information about the SMA battery inverters can be found on the SMA website.

Disclaimer:
This press release 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 press release 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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SMA Supplies Technology to the Largest PV Power Plant in West Africa

SMA Solar Technology AG (SMA) will supply 21 SMA Medium Voltage Power Station to the biggest PV power plant in West Africa. In Paris, representatives from SMA and Akuo Energy – France’s biggest independent producer of renewable energies – have now signed contracts. The 50 MW KITA solar farm in Mali is scheduled to be connected to the utility grid in 2019.

“We’re delighted that this project was implemented with SMA Medium Voltage Power Station,” said Boris Wolff, Executive Vice President of SMA’s Utility business unit. The components of this robust container solution are perfectly harmonized and the MVPS is supplied in turnkey form to the PV power plant. It includes powerful Sunny Central inverters, perfectly coordinated medium-voltage technology and a medium-voltage switchgear for direct connection to the utility grid. The 50 MW PV power plant will make a key contribution to the energy supply in Kayes a western region of the country and promote its economic development.”

“With SMA, we have a strong partner at our side – a partner that we’ve already worked with successfully on a number of projects around the world,” said Iamena Crolla, Structuration and Execution Director at Akuo Energy. “Thanks to their longstanding, global experience, they not only offer reliable, high-quality technological solutions but they also possess the expertise required for this flagship project.”

The plan to construct the PV power plant was initiated by R20 – Regions of Climate Action, an organization founded by Arnold Schwarzenegger that supports countries, regions and initiatives all over the world in developing their own climate protection projects. Negotiations for the KITA project, which is financed by a number of African banks, lasted more than two years and were successfully concluded in October 2018. The solar power generated here will be procured by the Malian energy supplier Electricité du Mali, with which the PV power plant operator has concluded a 28-year power purchase agreement.

Disclaimer:
This press release 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 press release 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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Global Elevator Market 2018-2025 Trend & Regional Revenue By Global Players KONE Corporation, thyssenkrupp, United Technologies, Hitachi

Elevator Market will likely surpass USD 130 billion by 2025. Elevators are one of the major transit mediums which facilitates urban flow by transporting goods and population vertically within a building. Lifts are used in all types of buildings like commercial, residential, retail outlets, etc.

Hence, advancements in the construction industry would augment the growth in global lift market. Product maintenance and service activities will also be an important factor augmenting the elevator market in forecast years.Rising elevator service and maintenance activities in mature construction markets such North America and Europe will be a major contributor for the lift market development.

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Asia Pacific holds a major share in the worldwide lift market owing to the fast growth in its construction industry. Rising demand from Asian countries like Japan, China and India is a major reason behind its key position in the worldwide elevator market. Economic development, regulatory changes, and expanding population are major reasons driving the growth of the industry.  

This product is apt for tall buildings whereas hydraulic & pneumatic elevators are suitable for buildings with smaller heights. Machine room less traction helps in saving space and energy and are growing in popularity since the last two decades.

Elevator Market by End-user

  • Building & construction
    • Residential
    • Institutional
    • Commercial
  • Industrial

Elevator Market by Product

  • Hydraulic & pneumatic
  • Machine room (MR) traction
  • Machine room-less (MRL) traction
  • Others

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North American and European region already have a mature construction industry which is employing many lifts. The repair, maintenance, and service of these existing products will positively influence the industry growth during the forecast timeframe. Rising construction activities in East and Central European countries such as Ukraine, Poland, Croatia, etc. will also favor advancements in the lift market in forecast years.

North America and Europe are other potential markets with rising demand for the product owing to rising urbanization. Elevator Market can be segregated on the basis of product, end user, and region. Machine room and machine room-less traction, hydraulic & pneumatic, and others are the various product types available in the industry. Machine room traction acquires the major industry share and will gain by a significant rate from 2017 to 2025.

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Toshiba, Otis, Hitachi Ltd, KONE, Mitsubishi Electric Company, Schindler, Thyssenkrupp, are some key companies in the worldwide elevator market. Research & development and introducing innovative products into the industry are important strategies adopted by players to strengthen their position in the industry.

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