PVA TePla AG - Earnings Release 2018

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Corporate | 22 May 2018 13:37

PVA TePla AG: CGS GmbH receives the largest order for silicon carbide crystal growing systems so far

DGAP-News: PVA TePla AG / Key word(s): Incoming Orders

22.05.2018 / 13:37

The issuer is solely responsible for the content of this announcement.

CGS GmbH receives the largest order for silicon carbide crystal growing systems so far

PVA Crystal Growing Systems GmbH (CGS GmbH), a wholly-owned subsidiary of PVA TePla AG, Wettenberg, Germany, has received an order from the leading European silicon carbide (SiC) wafer manufacturer to supply a medium double-digit number of systems for the serial production of SiC crystals. SiC crystals are used in the semiconductor industry to produce wafers, which are then processed into high-performance components. Compared to the mainly used semiconductor material silicon, silicon carbide components are significantly more energy-efficient and temperature-resistant.

“Power electronics is a rapidly growing market worldwide”, says Dr. Mühe, managing director of CGS GmbH. “In particular, e-mobility and the related infrastructure, such as charging stations will need SiC wafers. The steadily growing photovoltaic market as well as the offshore energy market has great interest in highly efficient components which are used for feeding the solar power into the public power grid. After four years of intensive development work, we can offer our worldwide customers SiC crystal growing systems today which guarantee the best performance as well as the highest reliability and productivity. In the medium term, we expect a significant increase in demand from Europe, the US, and especially from China, where e-mobility and the use of solar energy continue to grow strongly.”

For further information, please contact:

Dr. Gert Fisahn

Investor Relations

PVA TePla AG

Tel.: +49(0)641/68690-400

[email protected]

www.pvatepla.com

22.05.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	PVA TePla AG
	Im Westpark 10-12
	35435 Wettenberg
	Germany
Phone:	0641/686900
Fax:	0641/68690800
E-mail:	[email protected]
Internet:	www.pvatepla.com
ISIN:	DE0007461006
WKN:	746100
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange