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New Value’s portfolio company 3S Swiss Solar Systems AG goes public


Zurich, 14th of September 2005. New Value’s portfolio company 3S Swiss Solar Systems AG has decided to go public: first trading day at the BX Berne eXchange is the 19th of September 2005. The Swiss specialist for machine and process technology in the solar module fabrication as well as electricity generating construction materials is a core shareholding of New Value AG.

The business of 3S Swiss Solar Systems AG lies in the growth market of solar energy. The company masters as specialist the process of encapsulation of solar cells in long lasting solar modules and offers the international customer base the corresponding machine and process technology as well as special solutions for building integrated solar energy installations. The solar sector has globally reached an important position within the domain of renewable energy and shows attractive growth rates. The company changes the company name from Swiss Sustainable Systems AG to 3S Swiss Solar Systems AG. Thereby 3S underlines the focus of the company activity on the promising market for solar technology and this name change enables a clearer market appearance.

3S Swiss Solar Systems AG was founded in 2001 by an experienced management team together with New Value as financial partner and has since than gone through a very dynamic development in product development and market introduction. As main shareholder New Value financed the expansion of the company in several steps with equity. 3S is a core shareholding of New Value and represented as of 30th of June 2005 10.5% of the indicated Net Asset Value of the portfolio. In the last couple of weeks 3S completed a capital increase with third party investors and increased the equity base with altogether CHF 2.9 Mio. Simultaneously the company completed a share split in the relationship 1:10 (new nominal value CHF 1.00). The new funds allow 3S to continue on its growth path. With the decision to go public 3S completes a further important step in its dynamic company development. No new shares will be placed at the initial listing day, rather the stock exchange trading will take place with the existing shares. 40% of the shares held by New Value have a lock-up period of 6 months, a further 40% are blocked 12 months whereas the remaining 20% are immediately released for free trading. The shares of the management have sale restrictions until 18 months. The admission office of the BX Berne eXchange has agreed to the quotation application of 3S and opens totally 5'450'000 holder shares of 3S for trading from the 19th of September 2005 onwards.

„We were able to appeal successfully with our products to customers in Europe, North America and Asia and achieve sales accomplishments. The technological position of our company and the ongoing strong dynamics in the solar market let us expect that we can continue the growth path of 3S“, explains Dr. Patrick Hofer-Noser, CEO of 3S Swiss Solar Systems AG. Rolf Wägli, Chairman of New Value AG adds, „that in a growth sector like the solar industry the stock exchange represents a suitable platform for the further financing of the enterprise development and an opening to the public is a natural further development of the company. We are proud to have been allowed to contribute to the development of this Swiss technology company with equity and active coaching. We remain convinced of the further positive value development of 3S.“

Information regarding 3S Swiss Solar Systems AG
The business activity of 3S Swiss Solar Systems AG comprises the development, production and sales of firstly the production processes and means for the fabrication of solar modules and secondly of electricity generating construction materials on the basis of photovoltaics technology (PV). In the business area machines and process technology, 3S has developed laminators for the fabrication of PV modules. Additionally, 3S offers with partner companies complete systems for the module production. As of the 1st of July<


Publisher Contact Information:

New Value AG
+41 43 344 38 11
waegli@newvalue.ch

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