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Kahl am Main, 13 October 2017 – SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has signed today an agreement on the establishment of a joint venture with the Chinese companies Golden Concord Holdings Limited (GCL) and China Intellectual Electric Power Technology Co.,Ltd. (CIE). GCL is one of the world’s largest companies in the solar industry; CIE has specialized in the development of high-efficiency heterojunction (HJT) solar cells. The market for these high-performance cells will be estimated at over 20 GW per year.

The aim of the joint venture is to develop, to optimize, to build and to sell complete production lines for use in the manufacturing of high-efficiency heterojunction solar cells. The function of CIE and GCL here is to bring on the process technology and manufacture the cells. SINGULUS TECHNOLOGIES will acquire a minority interest in the Chinese-owned joint venture and will be responsible for its competence in mechanical engineering.

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

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