DGAP-News: SINGULUS TECHNOLOGIES Signs Two Precontracts for the Delivery of Production Machines for CIGS Thin-Film Modules


DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Contract
SINGULUS TECHNOLOGIES Signs Two Precontracts for the Delivery of Production
Machines for CIGS Thin-Film Modules

24.05.2016 / 07:29
The issuer is solely responsible for the content of this announcement.

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Press Release

SINGULUS TECHNOLOGIES Signs Two Precontracts for the Delivery of Production
Machines for CIGS Thin-Film Modules

  - Total volume in excess of EUR 110 million

  - Largest contract in the company's history

  - CIGS factory equipped with SINGULUS TECHNOLOGIES machines

Kahl am Main, May 24, 2016 - The SINGULUS TECHNOLOGIES AG (SINGULUS
TECHNOLOGIES) today signed two precontracts with a subsidiary of the
Chinese state-owned enterprise China National Building Materials (CNBM) for
the delivery of production machines for CIGS solar modules.

The two precontracts outline the fundament technologic and economic
framework, which will be finalized in six detailed and then legally-binding
delivery contracts in the next couple of days. Following today's agreed
letters of intent, the signing of these contracts is also expected in the
coming days in the course of the Chinese photovoltaics fair SNEC in
Shanghai. The anticipated placing of the orders agreed in the precontracts
includes the delivery of machines of CISARIS for selenisation, VISTARIS
sputtering systems and evaporation systems SELENIUS. The SINGULUS machines
are deployed at new production sites for high-performance CIGS solar
modules. In particular the selenization machine CISARIS was already
delivered to similar factories several times and amongst others forms the
core of the solar module production.

The machines are intended to be used at two different factory sites and
should provide for an output volume of around 150 MW as a first expansion
stage of the infrastructure of the respective factories. The overall order
value for SINGULUS TECHNOLOGIES exceeds EUR 110 million in total and is
split between the two factory sites of the Group in China.

The planned final output capacity of each factory should amount to around
300 MW in the end. This goal is set by the customer and by a subsequent,
second expansion stage at the respective factory sites.

Dr.-Ing. Stefan Rinck, CEO of the SINGULUS TECHNOLOGIES AG, comments: "This
contract for the delivery of the key technologies, which are used in the
manufacturing of CIGS solar modules, is of essential importance for us and
confirms our leading position in this market segment. We have extensively
discussed the preliminary work for the optimization of the production
processes with the customer and once again implemented numerous
improvements. Our construction work was finalized and we will shortly begin
assembling the machines."

The financing of the project is expected shortly after the signing of the
legally-binding delivery contracts. These contracts are still subject to
the approval of the relevant boards of SINGULUS TECHNOLOGIES.

Background CIGS technology
In contrast to crystalline solar cells, for the CIGS technology large glass
panels are used as base material and coated with relatively thin alloys of
copper, indium, gallium and selenium or sulfur (CIGS). Compared with the
crystalline solar cells, the thin-film solar modules only slightly lose
their efficiency in case of low lighting conditions or very high
temperatures, i.e. the thin-film solar modules already generate power in
the early mornings and in the evenings and therefore offer cost benefits
for the generation of photovoltaic electricity. Loss of power during
clouding is also mitigated to a large extent. Moreover, due to their
optically more attractive surface, they can be set up on roofs and faces of
buildings as a means of design.

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, ISIN:
DE0007238909, WKN: 723890

Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924


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24.05.2016 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:      bernhard.krause@singulus.de                                
   Internet:    www.singulus.de                                            
   ISIN:        DE0007238909, DE000A1MASJ4                                 
   WKN:         723890, A1MASJ                                             
   Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated  
                Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,  
                Stuttgart                                                  
 
 
   End of News    DGAP News Service  
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