Kahl am Main/Shanghai, November 06, 2018 – In the course of a festive signing ceremony during the International Import Expo Show (CIIE) in Shanghai, China, a letter of intent (LOI) for the delivery of more than
10 production machines for the site in Bengbu, Province Anhui, for the manufacturing of 300 MW of CIGS thin-film solar modules at each site was signed today. The contractual partner for SINGULUS TECHNOLOGIES are subsidiaries in operation of China National Building Materials, Beijing (CNBM),
CNBM plans Additional 300 MW Production Capacity for CIGS Thin-Film Solar Modules in Bengbu to increase production to 600 MW. SINGULUS TECHNOLOGIES now shortly expects the signing of the respective detailed delivery contract for more than 10 production machines of the CISARIS, SELENIUS and VISTARIS type on the basis of the letter of intent. The volume will then amount to a high double-digit million Euro amount. The financing of the projects is expected after the signing of the legally binding delivery contracts.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890