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    DGAP-Adhoc  488  0 Kommentare Manz AG enters into strategic cooperation and receives orders with a volume of EUR 263 mn for CIGS solar turnkey lines





    DGAP-Ad-hoc: Manz AG / Key word(s): Alliance/Incoming Orders


    Manz AG enters into strategic cooperation and receives orders with a volume of EUR 263 mn for CIGS solar turnkey lines


    23-Jan-2017 / 18:31 CET/CEST


    Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.


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



    Publication of insider information in accordance with Article 17 Paragraph
    1 of Regulation (EU) No 596/2014 on Market Abuse (Market Abuse Regulation)

    Manz AG enters into strategic cooperation and receives orders with a volume
    of EUR 263 mn for CIGS solar turnkey lines

    Reutlingen, January 23, 2017 - Today, Manz AG, Reutlingen, (ISIN:
    DE000A0JQ5U3) has entered into a strategic cooperation with Shanghai
    Electric Group Co., Ltd. and Shenhua Group Co., Ltd., two of the leading
    Chinese companies from the energy sector. The cooperation is aimed at a
    sustainable further development and commercialization of Manz AG's CIGS
    thin-film technology.

    Part of the cooperation is the establishment of a jointly owned R&D company
    in order to accelerate the further development of the Manz CIGS technology.
    The current R&D entity for CIGS from Manz AG, the Manz CIGS Technology
    GmbH, will be aquired by the new R&D Joint Venture for EUR 50 million. In
    return, Manz AG becomes shareholder of the R&D Joint Venture with 15% for
    an amount of EUR 25 million.

    Furthermore, the contractual partners of Manz AG have placed purchase
    orders for CIGSfabs worth EUR 263 million. Revenues and earnings from these
    purchase orders will affect revenues and earnings during the financial
    years 2017 and 2018. Due to corresponding down payment agreements, these
    orders will be realized cash flow positive. The contracts are subject to
    approvals of governmental authorities in China.

    Additional information:

    ISIN: DE000A0JQ5U3

    WKN: A0JQ5U

    Ticker symbol: M5Z

    Market segment: regulated market (Prime Standard) of the Frankfurt Stock
    Exchange

    Manz AG

    Steigäckerstrasse 5

    72768 Reutlingen, Germany

    Germany

    < End of the Ad-hoc Announcement>

    Investor Relations Contact

    cometis AG

    Claudius Krause

    Tel.: +49 (0)611 - 205855-28

    Fax: +49 (0)611 - 205855-66

    E-mail: krause@cometis.de

    Manz AG

    Axel Bartmann

    Tel.: +49 (0)7121 - 9000-395

    Fax: +49 (0)7121 - 9000-99

    E-mail: abartmann@manz.com









    23-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.dgap.de





























    Language: English
    Company: Manz AG
    Steigäckerstr. 5
    72768 Reutlingen
    Germany
    Phone: +49 (0) 7121 9000-0
    Fax: +49 (0) 7121 9000-99
    E-mail: info@manz.com
    Internet: http://www.manz.com
    ISIN: DE000A0JQ5U3
    WKN: A0JQ5U
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange





     
    End of Announcement DGAP News Service



    538501  23-Jan-2017 CET/CEST









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    DGAP-Adhoc Manz AG enters into strategic cooperation and receives orders with a volume of EUR 263 mn for CIGS solar turnkey lines DGAP-Ad-hoc: Manz AG / Key word(s): Alliance/Incoming Orders Manz AG enters into strategic cooperation and receives orders with a volume of EUR 263 mn for CIGS solar turnkey lines 23-Jan-2017 / 18:31 CET/CEST Disclosure of an inside information …