· Personnel measures already implemented in spring
· Restructuring permanently running
· Agreements reached with all major business partners
· Acquisition by new investors successful
· elays in outstanding payments led to problems in liquidity
· Filing for insolvency on September 20, 2012

Liebenscheid, September 21, 2012
Wind energy turbine manufacturer Fuhrländer AG in Liebenscheid/Germany has filed for insolvency at the Local Court Montabaur on September 20, 2012. Prior to this, the company already initiated essential personnel measures in February 2012, mainly at its headquarter in Liebenscheid. Subsequent, mutual consent was agreed between the company, its Works Council and union IG Metall to reduce staff by 70 employees until March 31, 2012.

At the same time, entire restructuring measures were started to focus activities on the core business. All other expenditures were reduced to a minimum. To secure continuation of the business, Fuhrländer reached agreements with all major business partners. In parallel, an extensive investor process was started, resulting in a majority participation of a Ukrainian consortium at Fuhrländer AG during May 2012. The cooperation with the Ukrainian investors started already 3 years ago, leading to a successful market development in Ukraine which is planned to be continued in future. However, customer‐side project delays caused unforeseeable postponements in payments, which Fuhrländer was unable to compensate. As a result, the company filed for insolvency yesterday. The Fuhrländer Executive Board will do its utmost to continue running business during the insolvency process and will take all necessary steps to maintain its activities at the headquarter in Liebenscheid.

About Fuhrländer AG:
Fuhrländer AG is a pioneer in the field of inland wind energy and is among the industry forerunners not only in Germany, but also throughout Western and Eastern Europe, Brazil, Vietnam and Ukraine. Its current range of 2.0, 2.5 and 3.0 MW turbines means that Fuhrländer is able to offer the most modern turbine technology for both national and international projects. The innovative 3 MW class has an industry‐unique rotor with a diameter of 120 metres on a hub height of 140 metres. It also contains the new HybridDrive which is significantly lighter and more compact. The first 3.0 MW turbines will be erected in the third quarter of 2012.

Contact:
Fuhrländer AG
Nina Keirsbulck
pr@fuhrlaender.de