DGAP-News: Manz Automation AG: Manz underscores its position as a leading innovator by participating in government-sponsored projects
(firmenpresse) - DGAP-News: Manz AG / Key word(s): Miscellaneous
Manz Automation AG: Manz underscores its position as a leading
innovator by participating in government-sponsored projects
03.08.2011 / 08:01
---------------------------------------------------------------------
- Manz is an industrial partner in two cooperative research projects as
part of the Photovoltaics Innovation Alliance
- Leading manufacturers and scientific institutions are part of the team
- Important support for the company on its path to becoming a supplier of
integrated production systems
Reutlingen, August 3, 2011 - Efficient solar technology 'made in Germany'
with decreased manufacturing costs - that is the goal of two development
partnerships Manz AG is participating in with various industry and research
partners. Manz has entered the first cooperative research project with the
CIGS module manufacturer Würth Solar and the Center for Solar Energy and
Hydrogen Research (ZSW) in Stuttgart. The goal of this project is to make
more rapid advancements to the CIGS thin-film technology licensed to the
company as part of the exclusive expertise and cooperation agreement with
Würth Solar.
CIGS modules are the most efficient of all thin-film technologies available
today. Photovoltaic cells in ZSW's laboratory, which hold the world record
for efficiency with an impressive 20.3%, demonstrate that there is still
enormous potential for increasing the efficiency of mass-produced cells.
The primary goals of the project are to both rapidly increase efficiency
while simultaneously reducing investment and manufacturing costs. The
project has a total budget of EUR 12.5 million. Manz will receive EUR 3.8
million in subsidies over the next four years from Germany's Federal
Ministry for the Environment.
Manz has also entered into another development partnership with the solar
module manufacturer Schott Solar AG and Europe's largest solar energy
research institute, the Fraunhofer Institute for Solar Energy Systems
(ISE). The focus of this joint research project, which is being subsidized
by Germany's Federal Ministry of Research, is on developing key
technologies for the affordable mass production of crystalline silicon
solar cells. Specifically, the goal here is also to develop novel methods
that will help increase the efficiency of solar cells as well as opening up
new possibilities for drastically reducing material costs. The project's
budget totals EUR 7.7 million, with EUR 1.85 million coming from government
subsidies.
'The issue here is Germany's ability to compete in our industry on an
international scale,' says Dieter Manz, founder and CEO of Manz AG, 'and we
are up against strong research initiatives in many countries, not only in
China. For Manz, the support is important as we move down the path toward
our strategic goal of becoming the leading supplier of fully integrated
production systems.'
As part of the Photovoltaics Innovation Alliance launched in August of
2010, Germany's federal government is funding select industry projects in
order to reach grid parity for solar power as quickly as possible. This
refers to the point at which the cost of generating solar power is
competitive with other sources of energy.
Manz AG - passion for efficiency
Manz AG, headquartered in Reutlingen, Germany, (ISIN: DE000A0JQ5U3) is one
of the world's leading high-tech engineering firms. Founded in 1987, in
recent years the company has grown from an automation specialist into a
supplier of integrated production lines for crystalline solar cells and
thin-film solar modules, as well as lines for manufacturing flat panel
displays. One of its newest areas of business is the development and
manufacture of production systems for lithium-ion batteries. The company,
led by founder Dieter Manz, has been listed on the stock exchange in
Germany since 2006, and currently operates production facilities in
Germany, China, Taiwan, Slovakia, and Hungary. At the end of the second
quarter, Manz AG had approximately 1,900 employees, 800 of which work in
Asia. With its new slogan 'Passion for Efficiency,' Manz's engineers are
making a promise to offer its customers - all companies active in important
future markets - increasingly efficient production equipment.
Investor relations contact:
cometis AG
Dominic Großmann
Tel.: +49 (0)611 - 205855-15
Fax: +49 (0)611 - 205855-66
E-Mail: grossmann(at)cometis.de
Public relations contact:
Manz AG
Axel Bartmann
Tel.: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-Mail: abartmann(at)manz.com
End of Corporate News
---------------------------------------------------------------------
03.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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(at)manz.com
Internet: http://www.manz.com
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
134165 03.08.2011
Datum: 03.08.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 41124
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 271 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Manz Automation AG: Manz underscores its position as a leading innovator by participating in government-sponsored projects"
steht unter der journalistisch-redaktionellen Verantwortung von
Manz AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
