DGAP-News: SINGULUS TECHNOLOGIES Receives New Solar Order
(firmenpresse) - DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Incoming Orders
SINGULUS TECHNOLOGIES Receives New Solar Order
30.07.2012 / 07:30
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Press Release
SINGULUS TECHNOLOGIES Receives New Solar Order
- Order exceeding EUR 7 million for several systems in the thin-film
division received
- Long-time cooperation partner continues to expand CIGS research
- First results already presented in the course of the 'German-South
African Year of Science'
Kahl am Main, July 30, 2012 - SINGULUS TECHNOLOGIES (SINGULUS) reports an
additional order in the Solar segment. A long-time cooperation partner for
the development of new, more efficient CIGS thin-film solar modules ordered
several machines for more than EUR 7 million for vacuum coating,
selenization as well as wet-chemical processes. With this investment,
Photovoltaic Technology Intellectual Property (Pty) Limited (PTIP) extends
its activities in the development of efficient CIGS thin-film solar
modules.
PTIP is a spin-off from the University of Johannesburg and already
successfully operates research machines for the development of CIGS
thin-film cells in its newly established research and development facility
in Techno Park close to Stellenbosch in South Africa. SINGULUS has
cooperated successfully with the scientists of the University of
Johannesburg for some years and already has delivered components in 2011.
Various companies are currently using PTIP's R&D results and patents
worldwide. The activities as well as the results were already presented by
the PTIP in this year's April in the course of the opening of the
'German-South Africa Year of Science' in Cape Town.
'Climate Change' is one of the core themes of this Year. PTIP intends to
further expand the research facilities in Stellenbosch and to commission a
development and laboratory line for CIGS modules in the original commercial
size of 1200 x 600 mm. The development efforts are in the limelight of the
South African government. The Industrial Development Corporation (IDC)
recently supported the further expansion of PTIP's operations in Techno
Park and acquired substantial shareholding in PTIP. Additional financial
support was obtained from the Technology Innovation Agency (TIA), an
initiative of the Department of Science and Technology.
Prof. Vivian Alberts, CEO of PTIP, comments: 'The support by the IDC and
TIA confirms the goal of the South African government to support locally
developed IP and to boost alternative and renewable energies, such as
photovoltaic. With this support PTIP is now in the position to invest in
proven and well engineered equipment and process plants. We are now able to
industrially and efficiently implement our developed process with the
machines of our partner SINGULUS. The goal is to set up a production line
for CIGS thin-film modules in South Africa as soon as possible. The
European Investment Bank already announced to support this project with EUR
40 million.'
Dr. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES AG,
adds: 'This is a great project and we are pleased to have already supplied
four important process steps in a CIGS line, namely vacuum coating,
selenization as well as two process steps in the wet-chemical area. PTIP's
trust is based on the excellent R&D results from the start, which were
achieved with our equipment. We expect this to also translate to additional
expansion stages as well.'
SINGULUS continues to expand its activities in the business segments Solar
and Optical Disc. The goal is to attain a leading position in the silicon
and thin-film solar technology as a machine supplier as well as a
development partner for new cell concepts and to maintain the market
leadership in the Optical Disc segment for production equipment for the
manufacturing of dual-layer Blu-ray Discs. The business activities in the
division Semiconductor are extensively strengthened in the course of the
apparent growing market for MRAM semiconductor technology. In addition, the
company reviews other sectors and work areas, where new market segments can
be developed on the basis of the present know-how in the area of vacuum
coating.
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
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(at)go-metacom.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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179471 30.07.2012
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Datum: 30.07.2012 - 07:30 Uhr
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