SINGULUS TECHNOLOGIES AG / Contract/Product Launch
11.02.2010 16:13
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Press Release
SINGULUS TECHNOLOGIES receives major Contract for Solar Systems
Kahl am Main, February 11, 2010 - SINGULUS TECHNOLOGIES AG (SINGULUS)
received an order contract worth approximately EUR 19 million from a
European solar cell manufacturer for production systems to manufacture a
new generation of thin-film solar cells.
SINGULUS had developed the new processing system for thin-film solar
technology in close cooperation with this customer during 2009 and has now
been able to secure the order to build these systems.
SINGULUS is consequently extending its product range in the area of
photovoltaic systems and will now offer this technology in the market as
well. This contract signals further progress in the company's efforts to
establish itself as a key supplier of new systems for important process
stages in the growing solar market.
Roland Lacher, Chief Executive Officer, commented: 'This contract is a
major breakthrough for SINGULUS as we seek to establish a second business
field of machinery and equipment for photovoltaics. We have been working
very hard over the past few months to develop new, ultra-cost-effective
machinery concepts for solar technology and we are now planning to bring
them onto the market this year.
SINGULUS making transition towards supplier of complete production systems
for solar cell production
In future SINGULUS and STANGL will actively supply not only individual
machines and equipment to the solar market, but also complete systems with
process know-how. The company's aim is to position itself at the forefront
for the introduction of new technologies for both silicon and thin-film
solar technology.
This week, SINGULUS announced and explained this broader strategy at the
Investors Day in Munich. Particularly thanks to the technologies and
individual expertise available in both companies, SINGULUS regards itself
as an innovator in wet-chemical and vacuum coating techniques. It therefore
plans to raise its profile as a partner to the solar industry through new
machinery concepts that will deliver the increased level of automation of
production technology needed. SINGULUS has already demonstrated its ability
to do this successfully in the Optical Disc segment.
SINGULUS supplies modern plant systems for thin-film and silicon solar
technology that provide cell manufacturers with significant potential to
improve cell efficiency while simultaneously cutting production costs. The
broadening of the strategy to encompass both OEM supplier and system
provider will bring the company new and additional opportunities.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl am Main, Germany, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 6181 98280 20 or
+49 (0) 170 9202924
Contact:
SINGULUS TECHNOLOGIES AG, Hanauer LandstraÃe 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations,
Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20 / +49 (0) 170 9202924
11.02.2010 16:13 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Deutschland
Phone: +49 (0)1709202924
Fax: +49 (0)6188 440-110
E-mail: bernhard.krause@go-metacom.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-News: SINGULUS TECHNOLOGIES receives major Contract for Solar Systems
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