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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
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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