Heliocentris receives first order for retrofit of telecommunication base station from Etisalat, UAE

  • Order for turnkey retrofit and hybridization of 30 telecommunication base stations
  • Sales amounting to approx. EUR 1 million, marks start of business activities with Etisalat
  • Up to 500 additional power systems expected for Etisalat, United Arab Emirates

On April 6, 2015, Heliocentris Energy Solutions AG (ISIN DE000A1MMHE3), a leading technology provider of hybrid power supply solutions, received a first order for the turnkey retrofit and hybridization of 30 base stations of Etisalat's mobile communication network in the United Arab Emirates. The order volume for these initially 30 systems amounts to approx. EUR 1 million and is part of a framework contract for up to 500 systems, closed before by Heliocentris' local distribution partner Intelligent Telecommunication Services, Abu Dhabi, and Etisalat, UAE.

Ayad Abul-Ella, CEO of Energy Solutions AG, says: "Winning this project and with it Etisalat's qualification was the lengthiest process in the order history of Heliocentris. The more pleased we are with the successful result of this effort. Only after our Heliocentris' technology had proven its valor and capability to Etisalat in tough one year tests under extreme conditions and in live operation did we receive green light from Etisalat's top management for signature of the contracts. This success should also help us strongly in winning additional projects with other Etisalat companies, where Heliocentris systems are already successfully being tested, e.g. in Morocco. Our assumption is that there are several thousand mobile communication stations out there without access to the power grid in the Etisalat group."

Michael Kutschenreuter, General Manager of Heliocentris Energy FZE, Dubai, adds: "This project marks the beginning of a long term partnership with one of the world's largest mobile phone operators. Our team in Dubai is ideally positioned for the coming projects and looking forward to their exciting new tasks."

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 Entry Standard of the Frankfurt Stock Exchange under the security identification number (A1MMHE). Further information is available at www.heliocentris.com.

Heliocentris Energy Solutions AG
Investor Relations
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Tel. +49 (0)30 340 601 500
Fax +49 (0)30 340 601 599