PTA-News: Singulus Technologies Aktiengesellschaft: SINGULUS TECHNOLOGIES Concentrates Production Capacities at Company Headquarters
Production of wet-chemical process equipment to be relocated to Kahl

Wednesday, 22. June 2022 12:45

Business news for the stock market

Kahl am Main (pta029/22.06.2022/12:45) - Press Release

SINGULUS TECHNOLOGIES Concentrates Production Capacities at Company Headquarters

* Production of wet-chemical process equipment to be relocated to Kahl
* R & D and design for wet-chemical equipment remain in Fürstenfeldbruck

Kahl am Main, June 22, 2022 - The SINGULUS TECHNOLOGIES AG plans to reduce its activities at the Fürstenfeldbruck site and to relocate the production and commissioning of wet-chemical process equipment to Kahl am Main. In detail, the planned concentration of manufacturing comprises the production of wet-chemical equipment, the related functions purchasing and production planning, assembly, and commissioning as well as quality assurance. With this step SINGULUS TECHNOLOGIES intends to reduce costs and to continue to grow as a competitive equipment supplier.

Wet chemical plants for medical technology have been developed and produced in Kahl am Main for many years. In addition to the MEDLINE type process systems for cleaning and coating contact lenses, the assembly and commissioning of SILEX III production systems for high-performance solar cells are now to be carried out at the company's headquarters in Kahl am Main. There will be no direct impact on customers because of the planned relocation. With the newly developed generation of the SILEX III with a capacity of 13,000 wafers/hour and a gross capacity of up to
700 MW / machine as well as the broad range of products in the coating technology SINGULUS TECHNOLOGIES is sustainably committed to the solar market and the further development of the products in this area.

The current production site in Fürstenfeldbruck is to be converted into a competence center for wet chemistry. The functions of mechanical and electrical design, development and process engineering are to remain in the Fürstenfeldbruck region and will be combined and continued as a competence center for wet chemistry.

SINGULUS TECHNOLOGIES – Thin-Film Coating and Surface Treatment

SINGULUS TECHNOLOGIES develops and assembles innovative machines and systems for efficient thin-film coating and surface treatment 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.

SINGULUS TECHNOLOGIES sees sustainability as an opportunity to position itself with innovative products. In the focus are:

* Environmental awareness
* Efficient use of resources
* Avoidance of unnecessary CO2 pollution

SINGULUS TECHNOLOGIES attaches great importance to responsible and sustainable corporate governance.

SINGULUS TECHNOLOGIES AG, Hanauer Landstraße 103,
D-63796 Kahl/Main, WKN A1681X / ISIN DE000A1681X5

Kontakt:

Maren Schuster, Investor Relations, Tel.: + 49 (0) 160 9609 0279

Bernhard Krause, Unternehmenssprecher, Tel.: +49 (0) 172 833 2224

E-Mail: bernhard.krause@singulus.de

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emitter: Singulus Technologies Aktiengesellschaft
address: Hanauer Landstraße 103, 63796 Kahl am Main
country: Germany
contact person: Bernhard Krause
phone: +49 172 833 2224
e-mail: bernhard.krause@singulus.de
website: www.singulus.de

ISIN(s): DE000A1681X5 (share), DE000A2AA5H5 (bond)
stock exchanges: regulated market in Frankfurt, Berlin; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Tradegate

[ source: https://www.pressetext.com/news/20220622029 ]

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