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Siemens to expand position as green infrastructure giant

In a time of economic crisis, Siemens is focusing more than ever on expanding its leading position in green technologies. Many of the recently enacted government stimulus programs project increased investment in infrastructure and production system upgrades. The G20 countries, for example, have called for some $430 billion in additional investment in more efficient and climate-friendly infrastructures under such programs in the years ahead. Against this backdrop, Löscher noted that Siemens as world leader in environmental technologies was already in an excellent position to generate additional business.  
A key pillar of the company’s green portfolio is its Renewable Energy Division, which in the second quarter of fiscal 2009 achieved a 65-percent increase in new orders over the year-earlier quarter. This growth was largely due to major orders from the Danish power supplier DONG Energy for 500 offshore wind turbines as well as an order from Norway’s StatoilHydro and Statkraft utilities for 88 wind turbines to be installed at Britain’s Sheringham Shoal offshore wind farm.
The acquisition of a stake in Italy’s Archimede Solar Energy is a first important step toward becoming the leading supplier of solutions for solar thermal power plants. Siemens is already the world’s leading supplier of steam turbines for solar thermal power plants. By combining the two companies’ technologies, the efficiency of solar thermal plants can be increased and the production costs for solar power further reduced.
In addition, Siemens is promoting targeted dialogue with its customers to further enhance its position. For example, in March the company published a study on the German city of Munich showcasing sustainable, energy-efficient infrastructure solutions for a nearly carbon-free future in large urban areas. Siemens is also currently cooperating with Russia’s Ministry of Energy on a project to achieve widespread improvements in energy efficiency in the city of Yekaterinburg.
In fiscal 2008, Siemens generated revenue of approximately €19 billion – nearly one-quarter of the company’s total revenue – with products and solutions from its Environmental Portfolio. This extensive portfolio encompasses solutions in virtually all fields relating to energy generation, distribution and use – from applications in buildings and lighting to transportation and industry – as well as environmental technologies such as water purification and air pollution control. In fiscal 2008, the range of offerings was expanded primarily with selected components for wind farms.
Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. The company has around 430,000 employees (in continuing operations) working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of solutions for individual requirements. For over 160 years, Siemens has stood for technical achievements, innovation, quality, reliability and internationality. In fiscal 2008, Siemens had revenue of €77.3 billion and a net income of €5.9 billion (IFRS). Further information is available on the Internet at:

This document contains forward-looking statements and information – that is, statements related to future, not past, events. These statements may be identified by words such as “expects,” “looks forward to,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will,” “project” or words of similar meaning. Such statements are based on our current expectations and certain assumptions, and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which are beyond Siemens’ control, affect our operations, performance, business strategy and results and could cause the actual results, performance or achievements of Siemens to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. For us, particular uncertainties arise, among others, from changes in general economic and business conditions (including margin developments in major business areas and recessionary trends); the possibility that customers will delay conversion of booked orders into revenue or that our pricing power will be diminished by continued adverse market developments, to a greater extent than we currently expect; the behavior of financial markets, including fluctuations in interest and exchange rates, commodity and equity prices, debt prices (credit spreads) and financial assets generally; continued volatility and further deterioration of the capital markets; the commercial credit environment and, in particular, additional uncertainties arising out of the subprime, financial market and liquidity crises; future financial performance of major industries that we serve, including, without limitation, the Sectors Industry, Energy and Healthcare; the challenges of integrating major acquisitions and implementing joint ventures and other significant portfolio measures; introduction of competing products or technologies by other companies; lack of acceptance of new products or services by customers targeted by Siemens; changes in business strategy; the outcome of pending investigations and legal proceedings, including corruption investigations to which we are currently subject and actions resulting from the findings of these investigations; the potential impact of such investigations and proceedings on our ongoing business including our relationships with governments and other customers; the potential impact of such matters on our financial statements; as well as various other factors. More detailed information about certain of these factors is contained throughout this report and in our other filings with the SEC, which are available on the Siemens website,, and on the SEC’s website, Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the relevant forward-looking statement as expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens does not intend or assume any obligation to update or revise these forward-looking statements in light of developments which differ from those anticipated.
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Jessika Gallitz

Siemens AG

Wittelsbacherplatz 2
80333 Munich

+49 (89) 636-36392