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 - 1110
E-mail: Bernhard.Krause@Singulus.de
Annual General Meeting of SINGULUS TECHNOLOGIES on June 19, 2012
June 19, 2012
  • More than 200 shareholders participating
  • AGM approves authorized capital

Kahl am Main, June 19, 2012 - More than 200 shareholders participated in today’s Annual General Meeting of the SINGULUS TECHNOLOGIES (SINGULUS) AG. With the required majority SINGULUS’ shareholders approved the capital measures recommended by the company. Under Item 5 of the agenda the creation of Authorized Capital was recommended, which authorizes the overall issuance of up to 24,465,157 new, bearer shares with a nominal value of € 1.00 against payment in cash or in kind. Amongst others, the proposed authorization is intended to maintain and broaden the equity base of the company. It was proposed since no corresponding authorization was currently in place. In addition, a new resolution to authorize the issuance of option bonds and/or convertible bonds as well as the creation of new Conditional Capital 2012/III was approved. 

The Executive and Supervisory Boards of the SINGULUS TECHNOLOGIES AG proposed the capital measures to have flexibility for potential acquisitions or for strengthening the equity base, if required, in the course of the further business development.

More than 200 shareholders accepted the company’s invitation to the Annual General Meeting at the Hermann-Josef-Abs-Hall in Frankfurt. In his speech, Dr.-Ing. Stefan Rinck, CEO of the SINGULUS TECHNOLOGIES AG commented on the business developments in 2011 as well as in the 1st quarter 2012 and pointed out the long-term favorable outlook. The company projects a long-term positive trend for the three business divisions. SINGULUS’ goal is to benefit from the increasing demand in the Blu-ray market and from the growth rates in the Solar segment in general as well as in the CIGS/CIS thin-film technology in particular.

Dr.-Ing. Stefan Rinck comments: “With the two strong core work areas Optical Disc and Solar and the opportunities provided by the semi-conductor market as well as the potential inherent in new applications of vacuum coating, we are optimistic for the year 2012 even against the background of the Euro crisis and a weaker global economy.”

Profile SINGULUS:
SINGULUS continues to expand its activities in the business segments Solar and Optical Disc. The goal is to attain a leading position in the silicon and thin-film solar technology as a machine supplier as well as a development partner for new cell concepts and to maintain the market leadership in the Optical Disc segment for production equipment for the manufacturing of dual-layer Blu-ray Discs. The business activities in the division Semiconductor are extensively strengthened in the course of the apparent growing market for MRAM semiconductor technology. In addition, the company reviews other sectors and work areas, where new market segments can be developed on the basis of the present know-how in the area of vacuum coating.

OK

We use cookies that are necessary to ensure the functionality and security of this website. Singulus Technologies uses "Google Analytics" cookies for statistical purposes. With the button on the right you can agree to this. You can find more information under this link.