SINGULUS TECHNOLOGIES Receives Additional Agreed Prepayment for CIGS Project

Kahl am Main, December 14, 2016 – The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has received the next contractually agreed prepayment from the Chinese state-owned enterprise China National Building Materials (CNBM).

Dr.-Ing. Stefan Rinck, CEO of the SINGULUS TECHNOLOGIES AG, comments: “We are very pleased that the construction of the ordered machines for the first of the two CIGS factories is progressing timely. Following talks with our customer, we also expect the prompt setup of the second factory at the beginning of next year.” Dr. Rinck adds: “We see ourselves very well positioned in China in the area of thin-film solar technology and here in particular for production equipment for CIGS thin-film modules.”

SINGULUS was able to conclude a major order with CNBM during the course of 2016. This order includes three contracts each for two subsidiaries of the Group for the delivery of machines for the setup of two independent production sites for the manufacturing of CIGS solar modules. The order volume for the two production sites combined totals approximately € 110.0 million.