Singulus Technologies AG

Board/Management Information • Mar 28, 2003

News Details

Ad-hoc | 28 March 2003 07:29

Singulus Technologies AG english

SINGULUS TECHNOLOGIES Establishes a Third Business Sector Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– SINGULUS TECHNOLOGIES Establishes a Third Business Sector and Expands Managing Board Prior to year-end, the company had announced that, in addition to its core business of optical disc machine and systems manufacturing, it would seek out new fields of operation in order to secure long-term growth in the future. Following the launch of TMR thin film deposition technology for MRAM wafers and read-write heads for magnetic hard disc drives in 2002, SINGULUS TECHNOLOGIES most recently joined forces with a well-known key customer to develop an innovative vacuum deposition system technology that will apply antireflective coatings to eyeglass lenses. This established the prerequisites needed to found a third business sector which should generate initial revenues and earnings by fiscal 2004. The Supervisory Board appointed Dr. Reinhard Wollermann-Windgasse (53) to the Managing Board in the capacity of Chief Operations Officer (COO) effective July 1, 2003. This addition to the Supervisory Board will sufficiently accommodate corporate expansion, particularly in light of the instituted diversification. For further information please contact: Bernhard Krause, SINGULUS TECHNOLOGIES AG Tel.:+ 49 (0)6181-9828020 end of ad-hoc-announcement (c)DGAP 28.03.2003 ——————————————————————————– WKN: 723890; ISIN: DE0007238909; Index: TecDAX, NEMAX 50 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 280729 Mär 03