SINGULUS: Chinese customer halves order

04.07.2017

German SINGULUS AG has announced that a supply contract for CIGS production systems with a Chinese customer has been significantly reduced. The order announced in March had a volume of approx. € 20 million. Now it has been reduced to a volume of approx. € 10 million.

In March SINGULUS TECHNOLOGIES AG has announced the signing auf a contract for the delivery of VISTARIS vacuum sputtering systems as well as systems for wet chemical buffer layer deposition with the brand name TENUIS II with the subsidiary of a major public energy company and producer of solar modules from China. These machines are central components for the manufacturing of CIGS thin-film modules.

Nearly four month after the announcement the customer now reduced the order from an original volume of approx. € 20 million to approx. € 10 million.

The payment on account for this contract volume was already confirmed with the press release by the company on 19 July 2017

Philipp Kronsbein / SINGULUS

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