DGAP-News: SINGULUS TECHNOLOGIES AG: Signing Ceremony during the Chinese Trade Fair CIIE in Shanghai

2019. november 11., hétfő, 08:00







DGAP-News: SINGULUS TECHNOLOGIES AG


/ Key word(s): Agreement






SINGULUS TECHNOLOGIES AG: Signing Ceremony during the Chinese Trade Fair CIIE in Shanghai (news with additional features)







11.11.2019 / 08:00




The issuer is solely responsible for the content of this announcement.



Press Release



SINGULUS TECHNOLOGIES AG: Signing Ceremony during the Chinese Trade Fair CIIE in Shanghai



  • Agreement on relevant contractual parameters

  • No legally binding contracts yet

  • Order intake from CNBM in the volume of approx. EUR 57 million in the fourth quarter is expected

Kahl am Main, November 11, 2019 - A signing ceremony between subsidiaries of the Chinese state-owned Group CNBM Group, Beijing, and the SINGULUS TECHNOLOGIES AG took place on November 9, in the course of the China International Import Expo (CIIE) in Shanghai. The goal was the confirmation of the agreement between both parties regarding the relevant parameters for the delivery of production machines of the first expansion stage of 150 MW for the next factory for CIGS solar modules in the town Xuzhou, China. The legally binding contracts are now to be concluded within the coming period between the companies involved in the operation.



The expected project volume currently amounts to approximately EUR 57 million. After the conclusion of the contracts the agreed prepayments and the corresponding project start are expected shortly afterwards.



Following the successful start of production at CIGS "first CIGS solar module factory in Bengbu, China, CNBM intends to pursue its ambitious expansion plans and open after Bengbu and Meishan, the third production site for a 300 MW production capacity in Xuzhou, China. SINGULUS TECHNOLOGIES AG is the most important supplier of technology here. Dr.-Ing. Stefan Rinck, CEO of SINGULUS TECHNOLOGIES, explains "CNBM is the absolute market leader in China in the field of module production for CIGS technology. The success is based on the close and trusting cooperation between CNBM and the participating companies, as well as the innovative machines and systems supplied and put into operation by SINGULUS TECHNOLOGIES. "


CNBM plans to significantly increase capacity at all sites in further expansion stages.



Photo: Signing Ceremony during the Chinese Trade Fair CIIE in Shanghai

SINGULUS TECHNOLOGIES - innovations for new technologies

SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient and resource-saving production processes, which are used worldwide in the solar, semiconductor, medical technology, consumer goods and optical disc sectors.



The company"s core competencies include various processes of coating technology, surface treatment and wet-chemical and thermal production processes.



SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,

D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5

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

Bernhard Krause, Corporate Communications, Tel.: + 49 (0)170 9202924

E-Mail: bernhard.krause@singulus.de





Additional features:

Picture: http://newsfeed2.eqs.com/singulus/908955.html
Subtitle: Singulus Technologies: Signing Ceremony during the Chinese Trade Fair CIIE in Shanghai



11.11.2019 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: DE000A1681X5, DE000A2AA5H5
WKN: A1681X, A2AA5H
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 908955





 
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908955  11.11.2019 



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