Corporate | 9 June 2008 08:30
SINGULUS TECHNOLOGIES AG / Miscellaneous/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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Press Release
• Further Positive Trends for Blu-ray
• First Acceptance of Blu-ray Dual Layer Line
Kahl am Main, June 9, 2008 - On the past Friday, the Annual General Meeting
of the SINGULUS TECHNOLOGIES AG (SINGULUS) was successfully held in
Frankfurt am Main. In particular, the shareholders were informed about the
past trends of business, the acquisition in the segment Solar and the new
technology Blu-ray. For the latter, it was reported that already orders for
21 Blu-ray dual layer machines were received in the 1st quarter 2008 and
that additional orders followed in the 2nd quarter.
Stefan A. Baustert, Chief Executive Officer of the SINGULUS TECHNOLOGIES
AG, comments: 'This means that the orders for Blu-ray in the first year of
the dual layer technology already by far exceeded the volume at the start
of the DVD eleven years ago with 17 machines. It is also very promising
that recently the first Dual Layer Blu-ray disc machine was accepted by one
of our key customers in the US.'
Overall, the acceptance of Blu-ray is increasing since the decision of the
biggest Hollywood studio Warner Bros. in January 2008 to exclusively
support this high-definition format. Moreover, the acquisition of the
Blu-ray disc activities of Oerlikon Balzers, Switzerland, in the current
year strengthens the position of SINGULUS considerably. In the segment
Blu-ray disc SINGULUS took over the only European competitor with this
acquisition. With respect to the business prospects of the future Blu-ray
market the Blu-ray Association already forecasts a significant increase in
volumes sold during the 2nd half of 2008.
In addition, the selling prices for the Blu-ray hardware are expected to be
reduced substantially compared with the beginning of 2008. The Hollywood
studios have already announced many new titles on Blu-ray discs. These
partly also include the BD-Live function. The BD-Live function of 'Men in
Black' provides brand new, interactive features including a BD-Live game
with questions about the movie.
Short profile SINGULUS TECHNOLOGIES
SINGULUS TECHNOLOGIES is market leader for optical disc production lines
and is the only manufacturer globally to offer the complete range of
products: mastering, molding and replication lines.
In addition to the further development of the core activities of Optical
Disc, the diversification into new work areas is the most important
strategic target.
With the acquisition of the STANGL AG SINGULUS successfully entered the
booming solar equipment market. The new business area Solar will be
strongly expanded in the next couple of years.
For further information please contact:
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 6181-9828020
09.06.2008 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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