Singulus Technologies AG

Regulatory Filings • Mar 30, 2009

News Details

Corporate | 30 March 2009 14:44

SINGULUS adjusts personnel capacity to reflect change in market conditions

SINGULUS TECHNOLOGIES AG / Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Kahl am Main, March 30, 2009 - The SINGULUS TECHNOLOGIES Group (SINGULUS)
today concluded a company agreement with the Works Council and approved a
redundancy scheme for its Kahl location. The company will need to shed 54
employees at Kahl/Main in order to bring capacity in line with the change
in market conditions. In parallel to the personal measures, SINGULUS will
continue the reduction of its costs in general.

In September 2008 the company had decided to discontinue unprofitable
peripheral business areas and to concentrate in future on the core business
areas Optical Disc and Solar. Due to the marked downturn in sales of CD and
DVD machines since the second half of 2008 as well as general negative
trend in the global business environment, the company feels impelled to
take these measures.

Stefan A. Baustert, CEO of SINGULUS, remarked: 'By adopting a corporate
focus on the core areas of Optical Disc and Solar, we nevertheless believe
that in spite of the actual difficult market environment the company is
well positioned for the future. Both the solar market and the market for
the new Blu-ray Discs are young markets that will only start to develop
vigorously over the next few years, thus safeguarding SINGULUS' positive
performance.'

For further information, please contact:
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl am Main, Germany, ISIN: DE0007238909, WKN: 723890
Bernhard Krause, Company Spokesperson, Tel.: + 49 (0) 1709202924
Robert Adolph, Head of Investor Relations, Tel.: + 49 (0) 6188 440 612

30.03.2009 Financial News transmitted by DGAP

Language: English
Issuer: SINGULUS TECHNOLOGIES AG
Hanauer Landstrasse 103
63796 Kahl am Main
Deutschland
Phone: +49 (0)6188 440-105
Fax: +49 (0)6188 440-110
E-mail: bernhard.krause@go-metacom.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

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