SYSTAIC enters into strategic cooperation with Saint-Gobain

The solar energy company systaic AG (SYSTAIC) has signed an agreement with Saint-Gobain Glass France S.A., a subsidiary of Compagnie de Saint-Gobain S.A, Paris.

Subject of this agreement is a strategic cooperation of the two companies in the areas of distribution and development. The cooperation will cover the business segments SYSTAIC Energy Roof systems and SYSTAIC Automotive (photovoltaic applications for the automotive industry).

In this collaboration, SYSTAIC will benefit from Saint-Gobain's specialist knowledge regarding sophisticated industrial processes of construction materials, as well as in the area of energy-efficient building materials. The company's wide expertise in glass production places Saint-Gobain also among the leading suppliers in the automobile sector where SYSTAIC is active with its automotive division. The new cooperation is to create synergy effects in both areas.

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600450 SYSTAIC enters into strategic cooperation with Saint-Gobain
Date: 28 October 2008

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