Press Release

Contact:

Bernhard Krause
Singulus Technologies AG
Hanauer Landstrasse 103, 63796 Kahl am Main, Germany
Tel.:     +49 (0) 1709202924
Fax:     +49 (0) 61 88 - 4 40 - 110
E-mail: Bernhard.Krause@Singulus.de
SINGULUS TECHNOLOGIES Signs Two Precontracts for the Delivery of Production Machines for CIGS Thin-Film Modules
May 24, 2016

Kahl am Main, May 24, 2016 – The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) today signed two precontracts with a subsidiary of the Chinese state-owned enterprise China National Building Materials (CNBM) for the delivery of production machines for CIGS solar modules.

The two precontracts outline the fundament technologic and economic framework, which will be finalized in six detailed and then legally-binding delivery contracts in the next couple of days. Following today's agreed letters of intent, the signing of these contracts is also expected in the coming days in the course of the Chinese photovoltaics fair SNEC in Shanghai. The anticipated placing of the orders agreed in the letters of intent includes the delivery of machines of the CISARIS, VISTARIS and SELENIUS type. 

The machines are intended to be used at two different factory sites and should provide for an output volume of around 150 MW as a first expansion stage of the infrastructure of the respective factories. The overall order value for SINGULUS TECHNOLOGIES exceeds € 110 million in total and is split between the two factory sites of the Group in China.

The planned final output capacity of each factory should amount to around 300 MW in the end. This goal is set by the customer and by a subsequent, second expansion stage at the respective factory sites.

The financing of the project is expected shortly after the signing of the legally-binding delivery contracts. These contracts are still subject to the approval of the relevant boards of SINGULUS TECHNOLOGIES. 

After the conclusion of the legally-binding delivery contracts, SINGULUS TECHNOLOGIES will review their impact on the current forecasts for the key financial results for the year 2016 and 2017 and will inform the markets about a necessary adjustment of the forecasts, if required.

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

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