Corporate | 8 July 2016 13:16

SINGULUS TECHNOLOGIES Receives Orders in the framework of the Conversion of an Existing Thin-film Production Plant to High-Performance Solar Cells

DGAP-News: SINGULUS TECHNOLOGIES AG / Key word(s): Incoming Orders

2016-07-08 / 13:16
The issuer is solely responsible for the content of this announcement.

Press release

SINGULUS TECHNOLOGIES Receives Orders in the framework of the Conversion of an Existing Thin-film Production Plant to High-Performance Solar Cells

Kahl am Main, July 08, 2016 – SINGULUS TECHNOLOGIES has received orders from the largest Russian photovoltaics manufacturer, Hevel LLC (Hevel), for the delivery of production machines for high-performance solar cells (heterojunction). The signed contracts include processing equipment of the SILEX II type for the wet-chemical treatment of heterojunction solar cells as well as additional supply units.

Dr.-Ing. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES AG, remarks: “We are very pleased to receive an order from the leading Russian solar manufacturer for our SILEX II processing machine. The order includes the delivery of a production system with a capacity of more 5000 wafer per hour. In the past couple of years, SINGULUS TECHNOLOGIES has extensively invested in the further development of this machine and was able to win numerous new customers due to the high performance and modern process technology provided by this machine.”

The delivery of the systems and machines will be completed in the next couple of months. With the equipment, Hevel intends to transform its production site in Russia with 160 megawatt annual production capacity to the production of high-performance solar modules. Accordingly, Hevel will convert its existing production for a-Si thin-film solar cells, to the production of the new heterojunction, high-performance solar cells. The required process know-how for the manufacturing of heterojunction solar cells is provided by the own Hevel R&D center.

Background Hevel Solar

Hevel LLC (a joint venture of the Renova Group and OJSC Rusnano founded in 2009) is the largest integrated solar power company in Russia.
The company has its own manufacturer of thin-film solar PV modules located in Novocheboksarsk (Chuvash Republic), with the capacity to manufacture 97.5 MW of solar modules annually. The company’s development unit engages in the design and construction of solar power plants of varying capacity, and of autonomous hybrid power installations.

The company integrates R&D Center (St .Petersburg), the only scientific organization in Russia, which specializes in research and development in solar energy.

Contact:
Anton Usachev, Corporate Communications, Tel.: 007 495 662 35 45, E-mail: a.usachev@hevelsolar.com

Profile SINGULUS TECHNOLOGIES

SINGULUS TECHNOLOGIES is an engineering company and develops and builds machines for economic and resource-efficient production processes. The range of use of the machines built by SINGULUS TECHNOLOGIES include vacuum thin-film and plasma coating, wet-chemical cleaning, coating and etching processes as well as thermal processing technology.

For all machines, processes and applications SINGULUS TECHNOLOGIES utilizes its know-how in the areas of automation and process technology in order to provide additional, attractive work areas with innovative products next to the existing application areas of Solar, Semiconductors and Optical Disc.

SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890

Contact:
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: + 49 (0) 1709202924

2016-07-08 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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:	bernhard.krause@singulus.de
Internet:	www.singulus.de
ISIN:	DE000A1681X5, DE000A1MASJ4
WKN:	A1681X, A1MASJ
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart

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