Singulus Technologies AG

M&A Activity • Oct 13, 2017

News Details

Ad-hoc | 13 October 2017 08:45

SINGULUS TECHNOLOGIES signs agreement to establish a joint venture with the Chinese companies GCL and CIE

SINGULUS TECHNOLOGIES AG / Key word(s): Investment

SINGULUS TECHNOLOGIES signs agreement to establish a joint venture with the Chinese companies GCL and CIE

13-Oct-2017 / 08:45 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.

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Announcement of Insider Information Pursuant to Art. 17 MAR

SINGULUS TECHNOLOGIES signs agreement to establish a joint venture with the Chinese companies GCL and CIE

Kahl am Main, 13 October 2017 – SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has signed today an agreement on the establishment of a joint venture with the Chinese companies Golden Concord Holdings Limited (GCL) and China Intellectual Electric Power Technology Co.,Ltd. (CIE). GCL is one of the world’s largest companies in the solar industry; CIE has specialized in the development of high-efficiency heterojunction (HJT) solar cells. The market for these high-performance cells will be estimated at over 20 GW per year.

The aim of the joint venture is to develop, to optimize, to build and to sell complete production lines for use in the manufacturing of high-efficiency heterojunction solar cells. The function of CIE and GCL here is to bring on the process technology and manufacture the cells. SINGULUS TECHNOLOGIES will acquire a minority interest in the Chinese-owned joint venture and will be responsible for its competence in mechanical engineering.

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,

D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5

Contact:

Maren Schuster, Investor Relations, Tel.: + 49 (0)160 9609 0279

Bernhard Krause, Corporate Communications, Tel.: + 49 (0)170 9202924

e-mail: bernhard.krause@singulus.de

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13-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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:	DE000A1681X5, DE000A2AA5H5
WKN:	A1681X, A2AA5H
Listed:	Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

End of Announcement	DGAP News Service