Kahl am Main/Shanghai, November 07, 2018 – During the International Import Expo Show (CIIE) in Shanghai, China, SINGULUS TECHNOLOGIES today signed a further letter of intent (LOI) for the delivery of more than 10 production machines for the manufacturing of 300 MW of CIGS thin-film solar modules.
After China National Building Materials, Peking (CNBM) signed already yesterday an agreement for the expansion of the manufacturing site in Bengbu, Province Anhui, today another agreement was signed for 300 MW manufacturing capacity for the city of Xuzhou in the province Jiangsu. The volume will amount also to a high double-digit million Euro amount. With this further agreement during the last two days a capacity for 600 MW was signed.
During the International Import Expo Show in Shanghai also a LOI was signed for the delivery of the missing five CISARIS selenisation furnaces for the second production site Meishan, province Sichuan.
SINGULUS TECHNOLOGIES is discussing with the costumer the final contracts for the delivery of the machines. Production and delivery of the machines should take place during 2019 and 2020.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103, D-63796 Kahl/Main, ISIN: DE0007238909, WKN: 723890