14.12.2016 - 07:33:13

SINGULSINGULUS TECHNOLOGIES Receives Additional Agreed Prepayment for CIGS Project

Press release

SINGULUS TECHNOLOGIES Receives Additional Agreed Prepayment for CIGS Project

Kahl am Main, December 14, 2016 - The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has received the next contractually agreed prepayment from the Chinese state-owned enterprise China National Building Materials (CNBM).

Dr.-Ing. Stefan Rinck, CEO of the SINGULUS TECHNOLOGIES AG, comments: "We are very pleased that the construction of the ordered machines for the first of the two CIGS factories is progressing timely. Following talks with our customer, we also expect the prompt setup of the second factory at the beginning of next year." Dr. Rinck adds: "We see ourselves very well positioned in China in the area of thin-film solar technology and here in particular for production equipment for CIGS thin-film modules."

SINGULUS was able to conclude a major order with CNBM during the course of 2016. This order includes three contracts each for two subsidiaries of the Group for the delivery of machines for the setup of two independent production sites for the manufacturing of CIGS solar modules. The order volume for the two production sites combined totals approximately EUR 110.0 million.

SINGULUS TECHNOLOGIES - Innovations for New Technologies

SINGULUS TECHNOLOGIES is an engineering company and develops and builds machines for economic and resource-efficient production processes. The range of use of the machines built by SINGULUS TECHNOLOGIES include vacuum thin-film and plasma coating, wet-chemical cleaning and etching processes as well as thermal processing technology.

For all machines, processes and applications SINGULUS TECHNOLOGIES utilizes its know-how in the areas of automation and process technology in order to provide additional, attractive work areas with innovative products next to the existing application areas of Solar, Semiconductors and Optical Disc.

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main, New shares: WKN A1681X / ISIN DE000A1681X5 New bonds: WKN A2AA5H / ISIN DE000A2AA5H5

Contact: Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279

14.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Language: 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: Internet: ISIN: DE000A1681X5, DE000A2AA5H5 WKN: A1681X, A2AA5H Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

End of News DGAP News Service

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