Odersun AG, manufacturer of thin-film solar cells, modules and applications, today announced the appointment of Hein van der Zeeuw as Chief Executive Officer. Van der Zeeuw, who has a doctorate in physics, is a twenty-six year veteran of the electronic components and semiconductor industry and former Member of the Board of Management of NXP Semiconductors, which was spun out from Philips in 2006.

Hein van der Zeeuw will lead Odersun’s growth phase. The appointment follows a succession of milestones achieved in recent years including the proof of concept followed by the installation of a first commercial production line and raising €61 million in equity financing, amongst others, to build the company’s 30 megawatt production facility.

"The appointment of Hein van der Zeeuw is the beginning of an exciting new era, enabling us to strategically grow the company and to set the stage for long-term success," states George Powlick, Odersun Chairman. "Dr. van der Zeeuw’s operating experience and strategic insights, combined with Odersun’s exceptional technology and workforce, will allow us to drive Odersun to a market leadership position."

Hein van der Zeeuw says, "Odersun is very well positioned to be a dominant player in the emerging and fast growing building integrated photovoltaic (BiPV) market. I’m looking forward to working with Odersun’s very high skilled and knowledgeable team. The company has a clear vision and possesses innovative technology. I’m impressed with its drive and determination to outperform competing technologies.”

Dr. van der Zeeuw starts from today and succeeds Ramin Lavae Mokhtari, who was instrumental in developing Odersun from a research institute to a commercial enterprise with well established product and technological advantages. Mr. Mokhtari will leave Odersun at the end of January but remains connected as shareholder and consultant to the company.

About Odersun AG (www.odersun.com)

Odersun AG designs and manufactures flexible, non-toxic, solar products using a proprietary, worldwide patented, thin-film technology. Its manufacturing process enables the company to produce low-cost solar cells that can be assembled into solar modules of virtually any size or any power, in flexible or glass packaging. SOLAR4building provides functional, cost efficient and aesthetic solutions for the next generation of Building Integrated Photovoltaic (BiPV). SOLAR4power stands for cost efficient standard modules, designed for solar parks and roof-mounted systems. With SOLAR4you Odersun integrates innovative solar components into consumer products such as solar bags which function as “mobile plugs”. The company is backed by an international group of leading investors including Doughty Hanson Technology Ventures (UK), Virgin Green Fund (US/UK), Advanced Technology & Materials (China), PCG Clean Energy & Technology Fund (US) and AGF Private Equity (a member of Allianz Group, France).