Odersun AG Appoints Doede Vierstra as Chief Financial Officer

Internationally Experienced Finance Manager Joins Management Team

BERLIN--(BUSINESS WIRE)--Odersun AG, manufacturer of customized thin-film solar modules, announces today the appointment of Mr. Doede Vierstra as its Chief Financial Officer and member of the board of management.

“Mr. Vierstra is a great addition to our management team as the company enters the market and continues its growth”

Doede Vierstra has worked in various executive finance positions, bringing vast experience in finance and international management. He joins Odersun from the Dutch energy provider Nuon, now part of the Vattenfall Group, where he was CFO and member of the Board of Management. Prior to that, Vierstra served as CFO and member of the Executive Board of Royal Wessanen, a stock listed organic food company, and Royal Friesland Foods.

“I strongly believe in renewable energy and solar power in particular, as a main driver in the global transition from fossil to sustainable energy supply. That transition has to start now and Odersun is a very promising company, whose products make an important contribution in that process,” says Doede Vierstra.

“Mr. Vierstra is a great addition to our management team as the company enters the market and continues its growth,” adds Dr. Hein van der Zeeuw, Chief Executive Officer at Odersun AG. “We are glad to have found in Doede Vierstra a very experienced and dedicated professional.”

Vierstra succeeds Peter van Bommel, who held responsibility for the company’s finances since early 2009. Van Bommel decided to return to his home country, The Netherlands, and has accepted another position in the meantime. The appointment of Doede Vierstra as CFO and member of the board of management of Odersun AG takes effect as from September 1^st, 2010.

About Odersun AG (www.odersun.com)
Odersun AG designs and manufactures flexible, silicon free, solar products using a proprietary, worldwide patented, thin-film technology. Its manufacturing process enables the company to produce solar cells that can be assembled into solar modules of virtually any size or any power, in flexible or glass packaging. This adaptability is decisive for applications of building integrated photovoltaics (BiPV).

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), AGF Private Equity (a member of Allianz Group, France) and Valor KG (Austria).