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DGAP-Adhoc: TubeSolar AG: Free State of Bavaria supports innovative agro-photovoltaic solution with a double-digit million euro amount - non-repayable grants from Bavarian Energy Research Programme awarded - Further expansion of production at Augsburg sit

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DGAP-Ad-hoc: TubeSolar AG / Key word(s): Financing/Product Launch
TubeSolar AG: Free State of Bavaria supports innovative agro-photovoltaic
solution with a double-digit million euro amount - non-repayable grants from
Bavarian Energy Research Programme awarded - Further expansion of production
at Augsburg site planned

16-Sep-2020 / 13:44 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

*TubeSolar AG: Free State of Bavaria supports innovative agro-photovoltaic
solution with a double-digit million euro amount *

- _Non-repayable grants from Bavarian Energy Research Programme awarded_

_- Further expansion of production at Augsburg site planned_

*Augsburg, September 16, 2020 - *TubeSolar AG (ISIN DE000A2PXQD4, Dusseldorf
Stock Exchange), an innovative manufacturer of robust thin-film tubes for
solar energy generation with a focus on applications in agriculture
(agro-photovoltaics), today received notification from the Bavarian Ministry
of Economic Affairs of a grant in the lower double-digit million euro range
from the Bavarian Energy Research Programme. These are non-repayable grants.
The funding is provided over a period of three years.

_Notifying party:
Reiner Egner, Member of the Management Board at TubeSolar AG,
Berliner Allee 65, 86153 Augsburg, Germany_

*About TubeSolar AG*
As a spin-off , TubeSolar AG has taken over the laboratory production
including patents from OSRAM/LEDVANCE in Augsburg and has been using this
patented technology since 2019 to manufacture photovoltaic thin-film tubes
that are assembled into modules. These have considerable advantages over
silicon solar modules in terms of weight, geometry, material usage, yield,
long-term stability and recycling. The technology is to be used primarily in
the agricultural sector and will span agricultural production areas. Over
the next few years, it is planned to expand production in Augsburg to an
annual production capacity of 250 MW.

*About the Bavarian Energy Research Programme*
The Bavarian Energy Research Programme supports the research, development
and application (demonstration) of highly innovative energy and energy
saving technologies with the aim of increasing the use of renewable
energies, reducing energy-related CO2 emissions, increasing security of
energy supply and improving energy efficiency. Funding will be provided for
individual projects involving a considerable technical and economic risk.

*Service*
website: www.tubesolar.de
Investor Relations contact:
Maximilian Fischer, mailto: m.fischer@tubesolar.de
max Equity Marketing GmbH, Marienplatz 2, 80331 Munich, Germany, Tel.: +49
89 13928890

*Important notice*
This announcement and the information contained herein does not constitute
an offer or an invitation to purchase or subscribe for securities in the
United States of America, Canada, Australia, Japan or in any other
jurisdiction in which such an offer may be restricted. The securities of the
Company have not been and will not be registered under the U.S. Securities
Act of 1933, as amended (the "Securities Act") or with the securities
regulatory authorities of any state of the United States. The securities may
not be offered, sold or delivered, directly or indirectly, in the United
States except pursuant to an exemption from the registration and reporting
requirements of the United States securities laws and in compliance with all
other applicable United States laws. The Company does not intend to register
its shares under the Securities Act or to conduct a public offering of
securities in the United States.

This communication does not constitute an offer document or an offer of
securities to the public in the United Kingdom to which Section 85 of the
U.K. Securities Exchange Act applies. Financial Services and Markets Act
2000 and should not be construed as a recommendation to any person to
subscribe for or purchase any securities in the offer. This document is only
being distributed to (i) persons who are outside the United Kingdom; (ii)
persons who have professional experience in matters relating to investments
within the meaning of section 19(5) of the U.K. Financial Services and
Markets Act 2000; and (iii) persons who have professional experience in
matters relating to investments within the meaning of section 19(5) of the
U.K. Financial Services and Markets Act 2000. Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or
(iii) high net worth companies, unincorporated associations and other
entities falling within Article 49 (2) (a) to (d) of the Order (all such
persons are referred to herein as "Relevant Persons"). Any person who is not
a Relevant Person must not act or rely on this communication or any of its
contents . Any investment or investment activity to which this communication
relates is available only to Relevant Persons and will be engaged in only
with Relevant Persons.

This release may containforward-looking statements. These statements are
based on the current views, expectations, assumptions and information of the
management of the Company. Forward-looking statements are not guarantees of
future results and developments and involve known and unknown risks and
uncertainties. The actual future results and developments concerning the
company may therefore differ substantially from the expectations and
assumptions expressed here due to various factors. These factors include, in
particular, changes in the general economic situation and the competitive
situation, risks arising from developments in the financial markets,
exchange rate fluctuations and changes in national and international laws
and regulations, particularly with regard to tax laws and regulations, as
well as other factors. The company assumes no obligation to update the
statements contained in this release.

16-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: TubeSolar AG
Berliner Allee 65
86153 Augsburg
Germany
Phone: +49 821 899 830 50
E-mail: ir@tubesolar.de
Internet: www.tubesolar.de
ISIN: DE000A2PXQD4
WKN: A2PXQD
Listed: Regulated Unofficial Market in Dusseldorf
EQS News ID: 1132237

End of Announcement DGAP News Service

1132237 16-Sep-2020 CET/CEST



(END) Dow Jones Newswires

September 16, 2020 07:44 ET ( 11:44 GMT)
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