DGAP-News: SINGULUS TECHNOLOGIES AG
/ Key word(s): 9 Month figures
Press Release SINGULUS TECHNOLOGIES reports Financial Figures for First Nine Months 2019
On November 9, 2019, in the course of the China International Import Expo (CIIE) in Shanghai a signing ceremony took place between the subsidiaries of the Chinese state-owned group CNBM Group, Beijing, and SINGULUS TECHNOLOGIES. The goal was the confirmation of both parties regarding the agreement of the essential parameters for the delivery of nine production machines of the first expansion stage with 150 MW for the next factory for CIGS solar modules in the town of Xuzhou, China. The legally binding contracts are now to be concluded within the coming period between the companies involved in the operation. The expected project volume currently amounts to approximately EUR 57 million. After the conclusion of the contracts, the agreed prepayments and the corresponding project start is expected shortly afterwards. Since a specific point in time was not mentioned and accordingly, the detailed impact on the sales and earnings targets cannot be determined, the company refrains from publishing a new forecast for the business year 2019. In the field of semiconductors SINGULUS TECHNOLOGIES offers the plant platforms TIMARIS and ROTARIS. A ROTARIS system was successfully sold to a German research institute. The order for another system for semiconductor technology is expected in the next weeks. The new Life Science segment includes production solutions for medical technology, decorative coatings and optical disc. During the period under review, a DECOLINE and several POLYCOATER and BLULINE machines were sold.
The headcount within the SINGULUS TECHNOLOGIES Group increased slightly to 358 employees as of September 30, 2019 (December 31, 2018: Consolidated key figures nine months 2017/18
SINGULUS TECHNOLOGIES - innovations for new technologies The company's core competencies include various processes of coating technology, surface treatment and wet-chemical and thermal production processes.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
14.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | DE000A1681X5, DE000A2AA5H5 |
WKN: | A1681X, A2AA5H |
Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 912483 |
End of News | DGAP News Service |
912483 14.11.2019