SINGULUS TECHNOLOGIES signs agreement to establish a joint venture with the Chinese companies GCL and CIE
Announcement of Insider Information Pursuant to Art. 17 MAR
SINGULUS TECHNOLOGIES signs agreement to establish a joint venture with the Chinese companies GCL and CIE Kahl am Main, 13 October 2017 - SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has signed today an agreement on the establishment of a joint venture with the Chinese companies Golden Concord Holdings Limited (GCL) and China Intellectual Electric Power Technology Co.,Ltd. (CIE). GCL is one of the world's largest companies in the solar industry; CIE has specialized in the development of high-efficiency heterojunction (HJT) solar cells. The market for these high-performance cells will be estimated at over 20 GW per year.
The aim of the joint venture is to develop, to optimize, to build and to sell complete production lines for use in the manufacturing of high-efficiency heterojunction solar cells. The function of CIE and GCL here is to bring on the process technology and manufacture the cells. SINGULUS TECHNOLOGIES will acquire a minority interest in the Chinese-owned joint venture and will be responsible for its competence in mechanical engineering.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5 Contact: Maren Schuster, Investor Relations, Tel.: + 49 (0)160 9609 0279 Bernhard Krause, Corporate Communications, Tel.: + 49 (0)170 9202924 e-mail: firstname.lastname@example.org
13-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: SINGULUS TECHNOLOGIES AG Hanauer Landstrasse 103 63796 Kahl am Main
Germany Phone: +49 (0)1709202924 Fax: +49 (0)6188 440-110 E-mail: email@example.com Internet: www.singulus.de ISIN: DE000A1681X5, DE000A2AA5H5 WKN: A1681X, A2AA5H Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
618687 13-Oct-2017 CET/CEST