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Siemens to locate innovation and technology center in Bad Neustadt

In connection with the establishment of an innovation and technology center for synchronous motors and mechatronic solutions, Siemens also intends to develop, among other things, gearless wind turbines in Bad Neustadt in the future – a move that will further enhance the location’s prospects. “We’re currently in difficult talks with the employee representatives and have now defined the first component of a constructive solution. Our commitment to renewable energies addresses a very dynamic global growth market. The Bad Neustadt location can make a major contribution in this area by leveraging our employees’ technical knowhow in electric drives to push innovation in wind power systems. We’ve said from the beginning that we’re striving for sustainable solutions, and we’re now following up our words with deeds,” explained Siegfried Russwurm.

For this press release

Siemens AG (Berlin and Munich) is a global powerhouse in electronics and electrical engineering, operating in the industry, energy and healthcare sectors. For over 160 years, Siemens has stood for technological excellence, innovation, quality, reliability and internationality. The company is the world’s largest provider of environmental technologies, generating €23 billion – nearly one-third of its total revenue – from green products and solutions. In fiscal 2009, which ended on September 30, 2009, revenue totaled €76.7 billion and net income €2.5 billion. At the end of September 2009, Siemens had around 405,000 employees worldwide. Further information is available on the Internet at:
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Marc Langendorf

Siemens AG

Wittelsbacherplatz 2
80333 Munich

+49 (89) 636-37035