Prior to year-end, the company had announced that, in addition to its core business of optical disc machine and systems manufacturing, it would seek out new fields of operation in order to secure long-term growth in the future.
Following the launch of TMR thin film deposition technology for MRAM wafers and read-write heads for magnetic hard disc drives in 2002, SINGULUS TECHNOLOGIES most recently joined forces with a well-known key customer to develop an innovative vacuum deposition system technology that will apply antireflective coatings to eyeglass lenses. This established the prerequisites needed to found a third business sector which should generate initial revenues and earnings by fiscal 2004.
The Supervisory Board appointed Dr. Reinhard Wollermann-Windgasse (53) to the Managing Board in the capacity of Chief Operations Officer (COO) effective July 1, 2003. This addition to the Supervisory Board will sufficiently accommodate corporate expansion, particularly in light of the instituted diversification.
SINGULUS TECHNOLOGIES AG, Hanauer Landstrasse 103, D-63796 Kahl/Main
ISIN: DE0007238909 / WKN: 723890