SINGULUS TECHNOLOGIES – Provision of financing
Kahl am Main, February 10, 2023 – SINGULUS TECHNOLOGIES has entered into an agreement to obtain up to € 20.0 million in financing for the next 18 months. Today the first tranche in the amount of € 9.6 million was drawn by SINGULUS TECHNOLOGIES and deposited in an account of the company. SINGULUS TECHNOLOGIES is in coordination with the responsible auditor KPMG AG Wirtschaftsprüfungsgesellschaft, Frankfurt (“KPMG”) regarding the completion of the audit procedures for the two fiscal years 2020 and 2021 in order to be able to issue the attestations by mid-March 2023. The issuance of the audit opinions is a prerequisite for averting further damage to the Company. KPMG states that it is aware of the urgency regarding the possible issuance of the attestations.
Dr.-Ing. Stefan Rinck, CEO: “With this financing, we are securing the further positive development of our company. In particular, it provides the financial basis for the realization of larger solar projects. We have also been working for several years on the introduction of our processes and equipment into new market areas such as hydrogen and battery technology. With growth in these new areas of work, we have a positive overall outlook for the future.”
Thin-Film Coating and Surface Treatment
SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient and resource-saving production processes, which are used worldwide in the Photovoltaics, Semiconductor, Medical Technology, Packaging, Glass & Automotive as well as Battery & Hydrogen markets. The company’s core competencies include various processes of coating technology, surface treatment as well as wet-chemical and thermal production processes.
In the focus are:
- environmental awareness
- efficient use of resources
- avoidance of unnecessary CO2 pollution
SINGULUS TECHNOLOGIES regards sustainability as an opportunity to position itself with innovative products that follow this spirit.
SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Unternehmenssprecher, Tel.: +49 (0) 172 833 2224