Manz Automation AG acquires new orders with a total volume of more than EUR 15 million
- Turnaround in order intake in all divisions
- First orders for new backend system for crystalline solar cells from China
- Agreement with key account for laser scribing equipment for further cooperation
- Order book currently totals around EUR 65.3 million
Manz Automation AG, one of the world's leading technology providers for the photovoltaic and LCD industries has acquired several orders with a total volume of more than EUR 15 million over the past few weeks. The largest orders which the Reutlingenbased engineering company received were from several key Chinese solar cell manufacturers. These orders comprise automation systems as well as complete backend lines for the production of crystalline solar cells and several latest generation wafer testers. The backend production lines include Manz AG's newly developed HAP 2400 high accuracy printers. These printers have a throughput of 2,400 solar cells per hour and are the fastest and most accurate highprecision printers on the market to create front side contacts for selective emitter cells. In addition, the use of doubleprinting technology once again increases the effectiveness of the solar cells.
These orders were conditional upon the successful research and development activities in the past few months, together with endtoend test series in the company's own technology and training center, which verified that the newly developed systems both work reliably and increase efficiency. A key factor behind the issue of this order was also Manz AG's local presence thanks to its production and service facilities in Asia.
At the same time, the company was also able to acquire a followon order from a major Taiwanese PV manufacturer for the supply of automation equipment. This order is from a longstanding customer, which continues to attach great importance to Manz AG's equipment for the further expansion of its production capacity.
The orders will be shipped in the first half of 2010.
Given the appreciable difficulties in the thin film solar industry, a key customer of Manz Automation has agreed to restructure an existing order, having the following effects: Manz will deliver the laser scribing machines that are already manufactured, resulting in a positive impact on revenues and income. The company will therefore realize a slight positive oneoff effect, which will be recognized in fiscal year 2009.
Taking the new orders and the agreements with the longstanding key account into consideration, the order book currently totals EUR 65.3 million. Additional key orders in the solar and LCD sectors are currently being negotiated and are expected for the first few months of the coming year.
Dieter Manz, Manz Automation's CEO, believes that the new orders confirm the R&D strategy and is looking to the future with confidence: "We have set new standards with our highly efficient, highly integrated machines. Our backend in particular is characterized by several innovations, which significantly increase the effectiveness of the solar cells and optimize the production process. This means that we are living up to our role as an innovation driver, and offer the industry the technologies it needs to be able to act successfully and profitably on the market after the crisis is over." He added: "The new orders we have acquired revitalize our business and confirm our corporate strategy of investing in research and development in particular."
Reutlingenbased Manz Automation AG (ISIN: DE000A0JQ5U3) is one of the world's leading technology providers in terms of market shares for systems for automation, quality assurance and laser process technology for the photovoltaic industry and for automation and wet chemicals for the LCD industry. The Manz Group's core competences are in robotics, image processing, laser technology, metallization and wet chemicals as well as control and drive technology. The Manz Group's key strategic divisions are photovoltaic (systems.solar), LCD (systems.lcd) and OEM systems (systems.aico) for automation in various industrial sectors and the life science industry. The Manz Group has sales and service branches in Germany, Taiwan, the USA, China, South Korea, India and Spain. In addition, the Manz Group has its own production facilities in Germany, Slovakia, Hungary, Taiwan and China.