Earnings Release • Sep 13, 2011
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Corporate | 13 September 2011 16:44
SINGULUS TECHNOLOGIES AG: SINGULUS TECHNOLOGIES Continues to have long-term Positive Assessment of Solar Market – Industry Exhibition EU PVSEC Generates Optimism despite decreasing Demand
SINGULUS TECHNOLOGIES AG / Key word(s): Miscellaneous
13.09.2011 / 16:44
Press Release
SINGULUS TECHNOLOGIES Continues to have long-term Positive Assessment of Solar Market – Industry Exhibition EU PVSEC Generates Optimism despite decreasing Demand
Kahl am Main, September 13, 2011 – SINGULUS TECHNOLOGIES AG (SINGULUS) continues to have a long-term positive assessment of the overall development of the solar market. During the previous week, SINGULUS successfully exhibited at the 26th European Photovoltaic Solar Energy Conference and Exhibition (26th EU PVSEC), the worldwide leading photovoltaic industry exhibition, in Hamburg, Germany. The solar market exhibits a slow-down in growth particularly for silicon solar cells due to the decline in demand in Europe and the resulting excess capacities. However, SINGULUS is establishing itself as a partner for the photovoltaics industry for the development of new, highly-efficient cell concepts and new production processes, which enable a significant increase in performance as well as cost reductions. The interest on part of customers for the innovative manufacturing technologies was high, so that SINGULUS is able to return with an overall positive feedback from the sales talks before and during the trade show. The VITRUM processing machine continued to establish itself and new orders were received. The TENUIS system for buffer layer coatings for CIGS thin film solar cells was in the costumer's spotlight as well. With expected investments in production lines for CIGS thin film solar cells, the TENUIS system particularly provides a highly important manufacturing step for the performance of the cells.
At this point in time at the current phase of solar technology, SINGULUS' entire product portfolio draws interest. With new system concepts and innovative processes, SINGULUS enables the further development of solar cells.
At the EU PVSEC Closing in Hamburg, Conference General Chairman Dr. Heinz Ossenbrink, European Commission, DG Joint Research Centre, concluded: 'Alone in Europe we are looking to install 45,000 MW PV to meet the renewable energy targets which is a doubling from today. Photovoltaic technology becomes a major electricity source.' Forecasts for 2011 are reported to be above 20 GW, driven by the increasing number of markets in the GW range. Dr. Arnulf Jäger-Waldau, European Commission, DG Joint Research Centre, concluded that, 'so far each PV forecast has underestimated the growth of PV worldwide and future PV scenarios will have to be continuously readjusted to reflect the great advances of the sector.'
Profile SINGULUS TECHNOLOGIES AG:
SINGULUS plans to further expand its activities in the segments Solar and Optical Disc. The goal is to attain a leading position in the silicon and thin-film solar technology and to maintain the technologic leadership in the Optical Disc segment.
Contact:
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations,
Tel.: + 49 (0) 6188 440 612,
Bernhard Krause, Corporate Communications,
Tel.: + 49 (0) 6181 98280 20 / +49 (0) 170 9202924
End of Corporate News
13.09.2011 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: | SINGULUS TECHNOLOGIES AG |
| Hanauer Landstrasse 103 | |
| 63796 Kahl am Main | |
| Germany | |
| Phone: | +49 (0)1709202924 |
| Fax: | +49 (0)6188 440-110 |
| E-mail: | [email protected] |
| Internet: | www.singulus.de |
| ISIN: | DE0007238909 |
| WKN: | 723890 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
| - - - |
| 139151 13.09.2011 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.