DGAP-News

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

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Agreement
SINGULUS TECHNOLOGIES signs a memorandum of understanding for heterojunction
solar cells in China

31.08.2016 / 08:15
The issuer is solely responsible for the content of this announcement.

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Press Release

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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