Autev AG : announces one of the company’s largest contracts to date as well as opening up of the east European markets »

• Successful closing of contract in the Czech Republic
• Total contract volume circa EUR 8.4 million
• Growth strategy working; opening up of the eastern European markets

Brandenburg an der Havel, December 12, 2011 - On December 7, 2011, in the historical settings of the Waldstein Palace, in Prague, the seat of the Czech Republic's Parliament; important new foundations were laid for the further successful business development of the AUTEV AG. Contracts for a future joint venture of the AUTEV AG together with the Industrial Light & Control a.s. for a total volume of approximately EUR 8.4 million were signed in the company of senior political representatives. The contracts covered the development and delivery by the AUTEV AG of a complete production plant for a variety of AUTEV LED-lighting products as well as the regulation of the terms for a joint cooperation in the areas of research and development. As a result of this, the AUTEV AG will also design and deliver a state of the art research and development laboratory for use in the area of energy efficiency. Both projects are expected to be realized in 2012. In addition to the delivery of the necessary machinery, equipment, and the required licenses; the AUTEV AG will also be responsible for the complete training and qualification process of the personnel.

The negotiations for the joint venture took approximately 9 months, and were done with the active participation by CzechInvest - the investment promotion agency for the Czech Republic Ministry of Trade and Commerce. As a result, the project was able to secure comprehensive support via both state and EU subsidies.

(right to left) Radek Pechmann (Board of Dir. ILC), Michael Krauße (UMB Unternehmensberatung), Miroslav Krejca (Senator), Petr Stransky (Chairman of the Board ILC), Uwe Maiberg (Chairman of the Board AUTEV), Radovan Polansky (CIO Technologiepark Pisek), Ming Li (Representative eCapital China), Josef Knot (Vice-Mayor Pisek)

Industrial Light & Control a.s. management have many years of experience in the development, and installation, as well as the maintenance and repair of public and private lighting equipment and systems. Executive director Radek Pechmann currently manages approximately 50,000 public lights in the Czech Republic and Slovakia. Chairman of the Board Petr Stransky maintains a wide network of contacts, both political and financial, throughout various east european countries. Actual and future AUTEV products will be used under license in Industrial Light & Control a.s. projects. Petr Stransky sees the AUTEV AG, with its innovative and modern products, as the ideal solution and partner for complex lighting projects in the Czech Republic and surrounding states.

The joint venture was also met with positive response both on the political as well as economical level in keeping with the declared desire on the part of the Czech Republic to increase energy efficiency. As a result, the announced project was welcomed by the Czech Senator Miroslav Krejca, who also pointed out the extreme demand backlog in this area, making additionally clear the enormous growth potential in this business sector. Furthermore, the city of Pisek, as headquarters for the factory and the research center, will be further strengthened by the creation of the new highly innovative jobs required for the project. Senator Miroslav Krejca knows exactly what he is talking about, for in addition to his membership in the Czech Senate's Energy Subcomittee, he is also active in the EU in this field as well.

"We are extremely pleased to have won Industrial Light & Control a.s. as a regional partner and we will develop an entire line of new products within the framework of our research and development cooperation that are specially tailored to the East European markets. The joint venture with the Industrial Light & Control a.s. is an important milestone in the opening up and developing of the East European markets and a result of the ongoing implementation of our growth strategy.", according to Uwe Maiberg, Chairman of the Board of the AUTEV AG.

About AUTEV AG
Over the years, the AUTEV AG has developed into an efficient and internationally operating engineering and service company. Additionally, the company is striving to achieve technology and market leadership in new fields of business. As a result the company successfully entered the market for energy efficient and CO2 reducing lighting technology. Following two years of research, the AUTEV AG successfully introduced AuLED into the market. AuLED is an innovative and energy saving lamp for streets and industrial buildings, based on ultra-modern LED technology, which is already currently being widely used.
Additional information about AUTEV AG can be found at