DGAP-News: SINGULUS TECHNOLOGIES Receives a Major Order from Hanergy Solar Group for the Supply of a CIGS Production Machine

DGAP-News: SINGULUS TECHNOLOGIES Receives a Major Order from Hanergy Solar 
Group for the Supply of a CIGS Production Machine

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Contract
SINGULUS TECHNOLOGIES Receives a Major Order from Hanergy Solar Group
for the Supply of a CIGS Production Machine

26.06.2014 / 11:10

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SINGULUS TECHNOLOGIES Receives a Major Order from Hanergy Solar Group for
the Supply of a CIGS Production Machine

  - The order volume exceeds EUR 15 million

  - Leading Buffer Layer Technology

  - First stage of major project

Kahl am Main, June 26, 2014 - SINGULUS TECHNOLOGIES (SINGULUS) signed an
agreement with Apollo Precision (Fujian) Limited, China, a wholly owned
subsidiary of Hanergy Solar Group (Hanergy). The signed contract includes
the supply of a production machine with the brand name TENUIS II for buffer
layer deposition. This machine is a central component for the manufacturing
of CIGS thin-film modules. "Top quality, high reliability and the long
experience of SINGULUS' CIGS production equipment was the basis for this
decision", explained Mr. Jianjun Liu, General Manager of Apollo Precision
(Fujian) Limited, China.

Buffer layer deposition from SINGULUS presents a promising development on
the way to the efficient wet-chemical coating of thin film solar modules
made of copper-indium-gallium-selenium (CIGS) on glass. The second
generation of the TENUIS production line has a modular cluster build basis,
which facilitates significant reduction in floor space and the simultaneous
one-side coating of two substrates. Due to new and unique concepts in terms
of dosing and temperature control, the developers at SINGULUS were
successful in reducing the process time, which has a positive effect and a
considerably higher output in production.

Dr. Stefan Rinck, CEO of SINGULUS TECHNOLOGIES AG: "This contractual
agreement with Hanergy, which is the world's No. 1 thin-film solar
technology enterprise in terms of scale and technology, will serve as an
excellent demonstration for our leading solar segment. Hanergy always
believes that partnership with companies with top-quality technology is the
key to excellent in today's demanding market environment. We are proud of
our co-operation with Hanergy and have full confidence that our machines
will fulfill the high standard of Hanergy's requirement in CIGS thin-film
industry."

In October 2013, the Hanergy Solar Group achieved an 18.7% PV module
efficiency in using Solibro's CIGS thin-film technology. Subsequently, the
Group has taken a further step forward by achieving a conversion efficiency
rate of 21% for its CIGS thin film solar cells of 1.0 cm2 in using
Solibro's technology in May 2014, which is one of the highest conversion
efficiency of CIGS cells in the world. These achievements have been
confirmed by Fraunhofer Institute for Solar Energy Systems ISE, an
independent research institute located in Germany. Solibro's CIGS process
is using the SINGULUS buffer layer deposition technology. SINGULUS is
cooperating with Solibro for a long time on the development on efficient
CIGS production equipment.

On January 22, 2014, Hanergy entered into two sales and service contracts
for the provision of a total 600 MW CIGS thin film solar manufacturing
turnkey lines in Caofeidian, China. The entering into this 600 MW contracts
marks an important development milestone of Hanergy in manufacturing and
delivering to turnkey lines with advanced CIGS solar thin-film technology.
The production machine with TENUIS II will be suited as the key components
of the Caofeidian project and also represents a key milestone of SINGULUS
to firm up the market position in CIGS solar thin-film business.

Profile SINGULUS TECHNOLOGIES:
SINGULUS TECHNOLOGIES develops innovative technologies for efficient
production processes, which only make use of resources conservatively. New
production technology combined with sustainable processes and the use of
novel materials can decouple the use of resources from economic growth in
the long-term. SINGULUS TECHNOLOGIES' innovative power and competitiveness
are strengthened by these new technologic developments.

With its Optical Disc segment SINGULUS TECHNOLOGIES is the market leader
for Blu-ray as well as CD and DVD production equipment. As the only
engineering company worldwide SINGULUS TECHNOLOGIES today already provides
the machine technology for three-layer Blu-ray Discs with a storage volume
of about 100 GB.

In the Solar division SINGULUS TECHNOLOGIES is a worldwide leading supplier
for new machines concepts and production processes for crystalline and
thin-film solar cells, which increase the efficiency of solar cells and
reduce their production costs. SINGULUS TECHNOLOGIES establishes itself as
a development partner and machine supplier for technologies enabling a
sustainable energy provision on the basis of renewable energies.

In the Semiconductor segment SINGULUS TECHNOLOGIES focuses its activities
on the vacuum coating of wafers with ultra-thin layers for the production
of MRAM memory, thin-film write/read heads and other semiconductor
applications.

To strengthen and further develop the existing business areas the company
pursued the targeted development of new products and application areas
based on its core competencies in order to open new markets with this. This
strategic further development of the existing product portfolio by internal
measures is in the focus in the business year 2013. At the same time we are
reviewing reasonable acquisition opportunities to strengthen the
sustainable development at SINGULUS TECHNOLOGIES.

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103, D-63796 Kahl/Main, ISIN:
DE0007238909, WKN: 723890

Contact: 
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924
E-Mail: bernhard.krause@singulus.de


End of Corporate News

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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:        DE0007238909, DE000A1MASJ4                            
WKN:         723890, A1MASJ                                        
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP News-Service  
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275321 26.06.2014                                                      
 
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