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
SINGULUS TECHNOLOGIES Starts Buy-Back for Corporate Bond
December 11, 2012
  • Volume and duration of buy-back program limited
  • Goal to finance growth remains

Kahl am Main, December 11, 2012 - The Executive Board of the SINGULUS TECHNOLOGIES AG (SINGULUS) resolved to start a temporary and amount-limited buy-back program for the 7.75 % bond (2012/2017) that was issued on March 23, 2012. The buy-back program is limited to max. € 3.0 million. It will commence on December 11, 2012 and end on March 31, 2013 at the latest, if the maximum number of bonds is not achieved at this point in time. The bank commissioned with the transaction may not purchase more than 50 % of the average daily volume of the bonds at the exchange, at which the purchase is made. Each purchase price of the bonds may not exceed the respective independent prior transaction price and may not exceed the highest independent offer price at the exchange at the time of the purchase. The buy-back program may, if required and legally admissible, be paused and resumed at any time. The Company reserves the right to sell the corporate bonds again.

The goal of financing growth, which was intended by the bond issue, still remains. With the proceeds from the corporate bond SINGULUS already finances larger projects in the Solar segment, the expansion of the system partnership with producers of thin-film solar cells, the development of new products in Solar and the development of manufacturing equipment for the next generation of Blu-ray Discs.

A considerable amount of the proceeds is intended to be used to set up new business areas in the vacuum coating technology through research and development as well as through acquisitions of companies and company divisions.

Dr.-Ing. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES AG, comments: “Our balance sheet remains stable and is still very solid with an equity ratio of approximately 40 %. As of September 30, 2012 SINGULUS' liquid funds amounted to € 65.4 million. This equips us with sufficient liquidity, which we will put to use for internal and external growth in the next couple of years.”

Profile SINGULUS TECHNOLOGIES:
SINGULUS TECHNOLOGIES is the market leader in the business segment Optical Disc for CD, DVD and Blu-ray Disc production equipment. In the Solar segment, SINGULUS’ 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 and supplier of manufacturing equipment for new cell concepts. With respect to production technology for CIGS/CIS thin-film solar cells, SINGULUS is excellently positioned.

The activities in the division Semiconductor for vacuum deposition machines are extensively strengthened to applications such as MRAM, sensors and read/write elements. New application areas for vacuum deposition technology are the focus of the further development.

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