Corporate | 27 May 2011 19:34

Press Release SINGULUS TECHNOLOGIES Resolves Capital Increase Including Subscription Rights

SINGULUS TECHNOLOGIES AG / Key word(s): Capital Increase

27.05.2011 / 19:34

Press Release

SINGULUS TECHNOLOGIES Resolves Capital Increase Including Subscription Rights

– Capital raised will be invested in the solar market

– Proceeds from the capital increase s ecure long-term order financing

– 33 % increase in sales in 2011 expected as a result of high order intake

Kahl am Main, 27 May, 2011 – The Executive Board of SINGULUS TECHNOLOGIES AG (SINGULUS) resolved on May 27, 2011 with the approval of the Supervisory Board from 27 May, 2011, to increase the nominal capital of EUR 41,050,111 by way of a use of its authorized capital I and III by up to EUR 7,880,203 to up to EUR 48,930,314 by issuing up to 7.880.203 new common bearer shares with a nominal value of EUR 1.00 each and with full dividend entitlement as of 1 January 2011 against contributions in cash.

equinet bank AG undertook to subscribe for the new shares and to offer them to the existing shareholders of SINGULUS TECHNOLOGIES AG for subscription by way of an indirect subscription right with a subscription ratio of 16 : 3 at a subscription price of EUR 3.30 for each new share. The subscription period is expected to begin on June 4, 2011 and to end on June 17, 2011 (inclusive). Trading in the subscription rights will not be provided for. Any new shares, which are not subscribed for can be purchased by the existing shareholders in addition to their subscription rights by way of a supplemental subscription. Details are to be set forth in the subscription offer that is expected to be published on June 3, 2011 in the electronic Federal Gazette and on the website of the company. In total the company could expect gross proceeds of approx. EUR 26 Mio.

Capital Increase: Investing in the Future of the Company
The proceeds from the capital increased are mainly intended for investments in the fast-growing Solar segment for the development of new products. Furthermore pre-financing of major orders can be secured, making the capital increase an investment in the future of the SINGULUS TECHNOLOGIES AG and a guarantee for the long-term financing of further growth. To a lesser extent the proceeds are also intended for the reduction of outside financing in order to reduce costs and to secure independent operating. The strongly upward moving Blu-ray market will provide a considerable contribution to the operating income this year; in combination with the proceeds from the capital increase SINGULUS meets the optimum preconditions for further growth.

‘We will employ the proceeds committed by the investors to develop new, efficient machine concepts for the solar technology,’ Dr.-Ing. Stefan Rinck, Chief Executive Officer of SINGULUS TECHNOLOGIES AG, comments. ‘Right now we are discussing interesting projects which we would like to realise accordingly.’

SINGULUS plans to further extend its activities in the segments Solar and Optical Disc. The target is to position itself at the forefront for silicon and thin-film solar technology and to sustain the technology leadership in the field of Optical Discs. Just recently the company was able to report successes: With the received order in the amount of several BLULINE II manufacturing systems and CRYSTALLINE mastering systems, SINGULUS clearly proved its technologic know-how and competitive position in this new segment.

Forecast of Positive Earnings and Sales Increase of 33 %
It was possible to increase the order intake already in the first quarter of 2011 by 66 %. After receiving important orders in the last weeks as well, the Executive Board of SINGULUS TECHNOLOGIES AG forecasted sales of more than EUR 160 million for the business year 2011. This would mean a turnover gain of at least 33 % in comparison to the previous year (business year 2010: EUR 120.1 million). As further major orders will be completed shortly, the order intake of the total year 2011 is expected to be considerably higher than the sales expectancy. Following three years with negative earnings, the company is expected to achieve a turnaround in 2011 and to post a positive result.

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890
Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 96090279
Bernhard Krause, Unternehmenssprecher, Tel.: + 49 (0) 6181 98280 20/ +49 (0) 170 9202924

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

27.05.2011 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
	Deutschland
Phone:	+49 (0)1709202924
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, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

126640  27.05.2011