02.11.2016
Manz AG DE000A0JQ5U3
DGAP-Adhoc: Manz AG signs a Framework Agreement regarding the strategic cooperation in the field of CIGS thin-film technology including substantial orders and adjusts revenue forecast for fiscal year 2016
Manz AG / Key word(s): Alliance
02.11.2016 16:35
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Publication of inside information in accordance with Article 17 paragraph 1
of Regulation (EU) No 596/2014 on Market Abuse (Market Abuse Regulation)
Manz AG signs a Framework Agreement regarding the strategic cooperation in
the field of CIGS thin-film technology including substantial orders and
adjusts revenue forecast for fiscal year 2016
Reutlingen, 02. November 2016 - Today, Manz AG, Reutlingen, (ISIN:
DE000A0JQ5U3) signed a framework agreement (the "Agreement") with leading
companies. This Agreement is aimed at a sustainable strategic cooperation
in order to further develop and commercialize Manz AG's CIGS thin-film
technology.
Manz and the cooperation partners agreed to jointly accelerate the
establishment of a R&D company in order to advance the further development
of the Manz CIGS technology. The current R&D site for CIGS from Manz AG,
the Manz CIGS Technology GmbH, will be acquired by the new R&D Joint
Venture. Subject of the Agreement are as well CIGSfab purchase orders. The
Agreements still need the approvals of the management boards of the parties
and are subject to the satisfactory results of the ongoing Due Diligence
for the Manz CIGS Technology GmbH. The cooperation partners agreed to cover
the operational costs occuring from Manz CIGS Technology GmbH in Schwäbisch
Hall from November 2016 till end of December 2016 or final formal signature
is completed.
The management board of Manz AG does not expect this to happen before mid
of December 2016. Consequently revenues and earnings from a CIGS purchase
order, which were included in the management's full year 2016 expectations
so far, will be postponed and therefore will only affect revenues and
earnings during the financial years 2017 and 2018. For the financial year
2016 the management board of Manz AG now expects revenues of the Manz Group
at the previous year's level while confirming its expectations of
significantly improved earnings before interest and taxes (EBIT) in
comparison to the financial year 2015.
Additional information:
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Ticker symbol: M5Z
Market segment: regulated market (Prime Standard) of the Frankfurt Stock
Exchange
Manz AG
Steigäckerstrasse 5
72768 Reutlingen, Germany
Germany
< End of the Ad-hoc Announcement>
Investor Relations Contact
cometis AG
Claudius Krause
Tel.: +49 (0)611 - 205855-28
Fax: +49 (0)611 - 205855-66
E-mail: [email protected]
Manz AG
Axel Bartmann
Tel.: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-mail: [email protected]
02.11.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Manz AG
Steigäckerstr. 5
72768 Reutlingen
Germany
Phone: +49 (0) 7121 9000-0
Fax: +49 (0) 7121 9000-99
E-mail: [email protected]
Internet: http://www.manz.com
ISIN: DE000A0JQ5U3
WKN: A0JQ5U
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart,
Tradegate Exchange
End of Announcement DGAP News-Service
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