DGAP-News: SINGULUS TECHNOLOGIES signs a memorandum of understanding for heterojunction solar cells in China

Press Release

The information contained herein is not for publication or distribution in or into the United States of America, Canada, Japan or Australia.

SINGULUS TECHNOLOGIES signs a memorandum of understanding for heterojunction solar cells
in China

- Cooperation with the Chinese companies GCL and CIE agreed

- Development of heterojunction solar cells in Taixing, China

- First processing systems already ordered

Kahl am Main, August 31, 2016 - SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has signed a cooperation agreement 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 purpose of the cooperation is to develop highly efficient heterojunction solar cells. The function of CIE and GCL here is to bring on the process technology and manufacture the cells. SINGULUS TECHNOLOGIES is assuming the task of developing, optimizing, building and supplying the appropriate production systems for the manufacturing of HJT solar cells.

The three partners are consequently addressing the rising demand for heterojunction solar cells.

Background SINGULUS 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
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924
E-Mail: [email protected]

Disclaimer:
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