Kahl am Main (pta010/07.05.2021/07:50) - Press Release
SINGULUS TECHNOLOGIES Agrees with CNBM to Develop New Vacuum Coating Machines for CdTe Thin-Film Technology
Kahl am Main, May 07, 2021 - The SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has concluded an agreement for the development of next generation vacuum coating machines with its long time customer, China National Building Materials (CNBM). The intended use case is the production of CdTe thin-film solar modules.
For several years SINGULUS TECHNOLOGIES has already been supplying production machines to the CNBM Group for the manufacturing of CIGS thin-film solar modules. A new additional cooperation was now agreed for the application area of CdTe thin-film solar cells. In addition to the four already existing CIGS sites, CNBM plans several other production sites for CdTe solar cells with an output volume exceeding one gigawatt. It is the mutual goal of SINGULUS TECHNOLOGIES and CNBM to develop and supply new coating machines in order to further reduce the production costs, to improve cell performance and to also increase the production output.
Dr.-Ing. Stefan Rinck, Chief Executive Officer of the SINGULUS TECHNOLOGIES AG, remarks: "Our vacuum coating machines are a key step for the entire production process. In addition to machines applying sputtering technology, we are also offering machines working on the principles of thermal evaporation." Dr. Rinck adds: "The CdTe thin-film technology by CNBM will meet the high demands of the market even more in the future through the use of new coating equipment."
The production capacities for CdTe and CIGS solar modules in China are set to increase substantially in the coming years. CNBM plans additional investments at several sites in China. SINGULUS TECHNOLOGIES is involved in all important projects in China with machines for the various processes and is currently discussing the realization of the projects for the planned CdTe production sites with CNBM.
The new agreement and the current developments show that overall the Solar segment is picking up again, that delayed projects are gaining momentum and that new investments are initiated or implemented.
SNGULUS 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 A1681X / ISIN DE000A1681X5
Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279
Bernhard Krause, Corporate Communications, Tel.: +49 (0) 172 833 2224
|emitter:||Singulus Technologies Aktiengesellschaft|
Hanauer Landstraße 103
63796 Kahl am Main
|contact person:||Bernhard Krause|
|phone:||+49 170 9202924|
|stock exchanges:||regulated market in Berlin, Frankfurt; free market in Dusseldorf, free market in Hamburg, free market in Hannover, free market in Munich, free market in Stuttgart; open market in Tradegate|
|ISIN(s):||DE000A1681X5 (share), DE000A2AA5H5 (bond)|