Corporate | 15 November 2007 18:10
SINGULUS TECHNOLOGIES AG / Change of Personnel
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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Press release
SINGULUS bolsters expanding Solar segment:
Hans-Jürgen Stangl appointed to Management Board
Kahl am Main, November 15, 2007 – Hans-Jürgen Stangl (44) has been
appointed to the Management Board of SINGULUS TECHNOLOGIES AG (SINGULUS) as
member with responsibility for the newly established ‘Solar’ business unit.
The company’s Supervisory Board appointed him to the Management Board with
effect of January 1, 2008 by a resolution passed on November 15, 2007.
Within the Solar Division, Hans-Jürgen Stangl, CEO of the SINGULUS
subsidiary STANGL Semiconductor Equipment AG (STANGL) will coordinate all
activities of STANGL and also take charge of the establishment of a new
division ‘Solar’ at SINGULUS in Kahl.
In recruiting Hans-Jürgen Stangl, SINGULUS has succeeded in obtaining an
experienced expert from the Solar market. After completing his technical
training he worked as Project Manager for Sales and Technical Development
for three years for an well known equipment manufacturer in the
semiconductor industry. Since 2002 he has been running the STANGL company,
which was founded in 1988, developing it and successfully taking it into
the booming area of solar technology.
‘The Management Boards growth strategy is to move forward both the Optical
disc and Solar business units simultaneously’, remarked Stefan A. Baustert.
‘Hans-Jürgen Stangl will be taking charge of the Solar business unit and
expanding it successfully. We will be able to exploit the scope of the
solar market thanks to his outstanding expertise and generate above-average
growth hand in hand with STANGL.’
STANGL is currently one of the few suppliers of wet-chemical processing
plant for both crystalline silicon solar technology and thin-film solar
technology. Hans-Jürgen Stangl added: ‘I am looking forward to working with
my new colleagues on the Management Board. We aim to capitalise on the
scope of the SINGULUS Group and further increase the pace of STANGL’s
growth in the market for solar systems worldwide. We will further
strengthen our presence in the photovoltaic market in developing our own
coating system for anti-reflective coatings for crystalline silicon solar
cells.
STANGL alone expects annual double digit growth rates.The new coating system will help to generate further growth.
Brief profile of SINGULUS TECHNOLOGIES
SINGULUS TECHNOLOGIES is the market leader for optical disc production
lines and the only manufacturer in the world to offer the full range:
mastering, moulding and replication lines.
In addition to the further development of optical disc core business,
diversification into new areas is its principal strategic objective.
SINGULUS has gained a foothold in solar systems business through its
acquisition of a 51 % interest in STANGL AG. The new Solar Division will be
expanded rapidly over the next few years.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
63796 Kahl am Main, Germany, ISIN: DE0007238909, Securities Identification
Number (WKN): 723890
For further information, please contact:
Bernhard Krause, Company Spokesperson
Tel.: + 49 (0) 6181-9828020 oder + 49 (0) 170 920 29 24
15.11.2007 Financial News transmitted by DGAP
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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: maren.schuster@singulus.de
Internet: www.singulus.de
ISIN: DE0007238909
WKN: 723890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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