SINGULUS TECHNOLOGIES signs a memorandum of understanding for heterojunction solar cells in China
• Development of heterojunction solar cells in Taixing, China
• First processing systems already ordered
SINGULUS TECHNOLOGIES AG (SINGULUS TECHNOLOGIES) has signed a cooperation agreement 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 purpose of the cooperation is to develop highly efficient heterojunction solar cells. The function of CIE and GCL here is to bring on the process technology and manufacture the cells. SINGULUS TECHNOLOGIES is assuming the task of developing, optimizing, building and supplying the appropriate production systems for the manufacturing of HJT solar cells.
The three partners are consequently addressing the rising demand for heterojunction solar cells.
This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities of Singulus Technologies AG (the 'Company') in the United States or in any other jurisdiction. This announcement may not be published, distributed or transmitted, directly or indirectly, in or into the United States, Canada, Australia, Japan or South Africa. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the 'Securities Act'). The securities of the Company have not been, and will not be, registered under the Securities Act or under the applicable securities laws of Australia, Canada, Japan or South Africa. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Any potential offer will be made exclusively through and on the basis of a published prospectus.
Any offer will be made exclusively through and on the basis of a prospectus that must be published in Germany as supplemented by additional information related to the offer outside of Germany.
This announcement may include statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms 'believes', 'estimates', 'plans', 'projects', 'anticipates', 'expects', 'intends', 'may', 'will' or 'should' or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made. The Company does not assume, and expressly disclaims, any obligations or undertaking to update, review or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
About SINGULUS TECHNOLOGIES AG
SINGULUS TECHNOLOGIES is an engineering company and develops and builds machines for economic and resource-efficient production processes. The range of use of the machines built by SINGULUS TECHNOLOGIES include vacuum thin-film and plasma coating, wet-chemical cleaning and etching processes as well as thermal processing technology.
For all machines, processes and applications SINGULUS TECHNOLOGIES utilizes its know-how in the areas of automation and process technology in order to provide additional, attractive work areas with innovative products next to the existing application areas of Solar, Semiconductors and Optical Disc.