Norwegian Solar Company Innotech Solar Invests in German Site

BERLIN, February 11 - Norwegian solar company ITS Innotech Solar has given a further
boost to Eastern Germany's photovoltaic (PV) industry. The company has
acquired land for a new investment in the Eastern German city of Halle, with
plans to construct a factory to increase power of solar cells. ITS was
assisted in the investment process by Germany Trade & Invest.

ITS' investment will initially create 80 new jobs in the
region with plans to double its amount of employees in the future. The
company, headquartered in Narvik, Norway, purchases solar cells and uses
industrial production techniques to increase the power output and guarantee
the quality of the cells.

Innotech Solar CEO Thor Christian Tuv: "Germany provides us
with the ideal conditions to strengthen our business activities. A thriving
photovoltaic industry cluster and outstanding infrastructure here are
essential for us. We are sure the Halle site gives us a unique competitive
advantage that will allow us to continue our company's extraordinary growth."

The decision to invest in Germany is a testament to the
country's well-developed PV industry. With the highest concentration of
photovoltaic companies, suppliers, and research institutes, Germany's
industry posted over EUR 9.5 billion in revenues in 2008. The country's
market size also makes it an attractive location. In 2009, Germany had
roughly half of all global PV installations, coming in at approximately 3.0
GW. This trend is expected to continue. Manufacturers benefit from the "Made
in Germany" reputation for high quality products, a well established
industrial infrastructure, large equipment supplier base, and qualified
workforce.

The country's infrastructure also played a key role in ITS'
decision to invest in the Halle site. Proximity to the Leipzig-Halle airport
and direct access to the German Autobahn connect the company to the world's
number one infrastructure, according to a World Economic Forum study.

Innotech Solar was assisted in the investment process by
Germany Trade & Invest and the Investment and Marketing Corporation (IMG)
Saxony-Anhalt.

Germany Trade & Invest is the foreign trade and inward
investment promotion agency of the Federal Republic of Germany. The
organization advises foreign companies looking to expand their business
activities in the German market. It provides information on foreign trade to
German companies that seek to enter foreign markets.

    Germany Trade & Invest
    Eva Henkel
    T: +49(0)30-200099-173
    F: +49(0)30-200099-111
    Email: eva.henkel@gtai.com

Germany Trade & Invest, Eva Henkel, T: +49(0)30-200099-173, F: +49(0)30-200099-111, Email: eva.henkel at gtai.com