Kahl am Main, August 13, 2021 – The SINGULUS TECHNOLOGIES AG postpones the Annual General Meeting scheduled for September 15, 2021, since the audit of the annual financial statements 2020 is further delayed. It is of decisive importance in this context that the going concern forecast is not sufficiently secured in the view of the responsible auditor. For the issuance of the auditor’s certificate, it is important that additional orders are received by SINGULUS TECHNOLOGIES, the financial structure of the company sufficiently covers this and thus that the planned growth is financially secured. In the past couple of weeks, the company was already able to report several new orders and additional agreements are expected to be concluded in a timely manner.
The company is currently reviewing various financing possibilities. These include a large capital increase. Here, the company is already in advanced talks with an investor, who, subject to specific conditions, is willing to guarantee the entire capital increase with subscription rights and to acquire all of the shares not subscribed by the existing shareholders. These discussions are currently ongoing. At this point in time, it cannot be conclusively assessed, whether they will be concluded successfully. For this reason, the company also reviews and pursues alternative financing options.
The Annual General Meeting will be convened as soon as the auditor’s certificate for the annual financial statements for 2020 is issued. The company will inform its shareholders about the further progress in a timely manner.
Dr. Stefan Rinck, CEO of the SINGULUS TECHNOLOGIES, comments: “In the past couple of weeks the major orders in particular for our Life Science segment have resulted in an increased order backlog. This will result in a pick up of business operations for the entire year 2021 compared with the prior year and consequently have a positive impact on the company after all
Dr. Rinck continues: “Due to the positive incoming orders in recent weeks, our order backlog has risen to well above € 100 million. We expect further orders in the solar and semiconductor sector and are examining new applications for our vacuum coating technology in order to put our business on a broader basis”.
SINGULUS TECHNOLOGIES – Technologies for a Sustainable World
Responsible and sustainable corporate governance is very important to SINGULUS TECHNOLOGIES. SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient and resource-saving production processes, which are used worldwide in the solar/hydrogen, semiconductor, medical technology, consumer goods and data storage sectors. SINGULUS TECHNOLOGIES regards sustainability as an opportunity to position itself with innovative products that follow this spirit.
In the focus are:
- environmental awareness
- efficient use of resources
- avoidance of unnecessary CO₂ pollution
The company’s core competencies include various processes of coating technology, surface treatment and wet-chemical and thermal production processes.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, WKN A2AA5H / ISIN DE000A2AA5H5
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: +49 (0) 172 833 2224