Heliocentris Energy Solutions AG receives major order from Myanmar worth EUR 17 million

  • Heliocentris signs contract to deliver and install 500 energy systems for the expansion of a leading mobile network in Myanmar 
  • The sales volume from this contract amounts to around EUR 17 million, of which around EUR 8 million will be recognized in 2015
  • Herewith Heliocentris Solutions are in operations at all 3 mobile operators in Myanmar

Heliocentris Energy Solutions AG (ISIN DE000A1MMHE3), which is listed in the Prime Standard of the Frankfurt Stock Exchange, has received a major order for the delivery and installation of 500 turnkey hybrid power systems for the build-out of a leading mobile network in Myanmar. The major order comprises a sales volume of approximately EUR 17 million, of which around EUR 8 million are expected to be recognized in 2015.

Ayad Abul-Ella, CEO of Heliocentris Energy Solutions AG, commented: "We have been working towards the finalization of this contract for a long time. Winning this project Heliocentris underlines its leading position as a supplier of power solutions for mobile network base stations in Myanmar. With this end customer, one of the world's top 20 mobile network operators, Heliocentris is now delivering power solutions to the mobile base stations of all 3 mobile network operators active in Myanmar."

Rainer Grumann, General Manager of Heliocentris in Asia Pacific, adds: "Winning this project in Myanmar is another strong proof of the efficiency and flexibility of our energy management solutions. We have therewith not only surpassed the successes in 2014, but also demonstrated our capabilities in this very challenging market."

About Heliocentris Energy Solutions AG

Heliocentris Energy Solutions AG is a leading technology provider of energy management systems and hybrid power solutions for distributed stationary industrial applications, as well as of products and solutions for education, training and applied research purposes in the field of fuel cells, solar, wind and hydrogen energy technologies. Heliocentris' energy management systems creates intelligent, remote controlled, reliable and highly efficient hybrid energy solutions from diverse components such as batteries, photovoltaic modules, conventional diesel generators and fuel cells. The solutions reduce CO2 emissions by an average of 50% and operating costs by up to 60% compared to conventional energy solutions for mobile telecommunications base stations. Heliocentris' fuel cell systems ensure uninterrupted power supply with long runtimes to critical infrastructure such as TETRA base stations, back-bone sites in mobile networks and server stations. The Company employs at present around 185 people and is headquartered in Berlin with offices in Munich, Stuttgart, Dubai, Yangon, Vancouver and Johannesburg. Heliocentris AG's shares are traded in the Prime Standard of the Frankfurt Stock Exchange under the security identification number A1MMHE. Further information is available at www.heliocentris.com.

Heliocentris Energy Solutions AG
Rudower Chaussee 29
D-12489 Berlin
Tel. +49 (0)30 340 601 500

Fax +49 (0)30 340 601 599