- Buy-back program extended until June 30, 2013
- Volume remains limited to € 3.0 million
Kahl am Main, March 27, 2013 - With approval of the Supervisory Board the Executive Board of the SINGULUS TECHNOLOGIES AG (SINGULUS) resolved the extension of the buy-back program, which was initiated on December 11, 2012 and expires on March 31, 2013, from March 31, 2013 to June 30, 2013 for the bonds (WKN: A1MASJ, ISIN: DE000A1MASJ4) issued on March 23, 2012. Up to date bonds with a volume of € 0.9 million were acquired.
The total volume of buy-back program remains restricted to € 3.0 million at maximum. The other conditions of the program remain unchanged.
Dr.-Ing. Stefan Rinck, Chief Executive Officer of SINGULUS TECHNOLOGIES AG, comments: “Our balance sheet continues to be solid and the liquidity of SINGULUS together with the collaterals amounted to € 73.5 million at the end of the past business year. We will use these funds for internal and external growth as well as for technologic innovations in the next couple of years."
Profile SINGULUS TECHNOLOGIES:
SINGULUS TECHNOLOGIES develops innovative technologies for efficient production processes, which only make use of resources conservatively. New production technology combined with sustainable processes and the use of novel materials can decouple the use of resources from economic growth in the long-term. SINGULUS TECHNOLOGIES’ innovative power and competitiveness are strengthened by these new technologic developments.
With its Optical Disc segment SINGULUS TECHNOLOGIES is the market leader for CD, DVD and Blu-ray Disc production equipment. As the only engineering company worldwide SINGULUS TECHNOLOGIES today already provides the machine technology for Blu-ray Discs with a storage volume of about 100 GB.
In the Solar division SINGULUS TECHNOLOGIES is a recognized supplier for new machines concepts and production processes for crystalline and thin-film solar cells, which increase the efficiency of solar cells and reduce their production costs. SINGULUS TECHNOLOGIES establishes itself as a development partner and machine supplier for technologies enabling a sustainable energy provision on the basis of renewable energies.
In the Semiconductor segment SINGULUS TECHNOLOGIES focuses its activities on the vacuum coating of wafers with ultra thin layers for the production of MRAM memory, thin-film write/read heads and other semiconductor applications.
SINGULUS TECHNOLOGIES continues to expand its know-how in vacuum coating, the automation and process technology as well as the integration of manufacturing lines in order to develop new work areas. Further areas of application are in the focus of a potential acquisition.