20.08.2018
Manz AG DE000A0JQ5U3
DGAP-News: Manz AG Receives Further Planned Payment for CIGS Major Orders
DGAP-News: Manz AG / Key word(s): Incoming Orders/Contract
Manz AG Receives Further Planned Payment for CIGS Major Orders
20.08.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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Manz AG Receives Further Planned Payment for CIGS Major Orders
- Payment of approximately 67 million euros received in August 2018
- CIGSfab and CIGSlab project in the planned timeline
- Follow-up orders expected if project continues successfully
Reutlingen, August 20, 2018 - Manz AG, a globally operating high-tech
equipment manufacturer with an extensive technology portfolio, received
another payment in the amount of approximately 67 million euros in
connection with the CIGS major orders. With this payment, Manz AG has
already received almost 197 million euros of the total of around 263 million
euros since the start of 2017. The orders include a 44 MW CIGS research line
(CIGSlab) as well as a 306 MW CIGS turnkey system (CIGSfab) for series
production of CIGS thin-film solar modules. The CIGSfab was already launched
with the groundbreaking in early 2018 in China. The current payment was
received as agreed after additional contractually defined milestones were
reached, and it allows the company to continue taking the next project steps
within the planned time frame.
Eckhard Hörner-Marass, CEO of Manz AG, comments: "We are very optimistic
that we will be able to continue moving forward on this challenging major
order with determination and complete it successfully as planned. Our whole
team is working ambitiously to complete the next upcoming milestones - if
the project continues successfully, we expect follow-up orders from the
first half of 2019 onwards."
Completion and acceptance of the CIGSlab and CIGSfab is scheduled for the
middle of 2019.
Company profile:
Manz AG - passion for efficiency
As a leading global high-tech equipment manufacturer, Manz AG, based in
Reutlingen, Germany, is a pioneer of innovative products in fast-growing
markets. Founded in 1987, the company has expertise in five technology
sectors: automation, laser processing, and metrology, as well as wet
chemical and roll-to-roll processes. These technologies are deployed and
continuously developed by Manz in three strategic business segments:
"Electronics," "Solar," and "Energy Storage."
The company has been listed on the stock exchange in Germany since 2006 and
currently develops and manufactures in Germany, China, Taiwan, Slovakia,
Hungary, and Italy. It also has sales and service branches in the USA and
India. Manz AG currently has around 1,700 employees, about half of which are
located in Asia. With its claim "passion for efficiency", Manz makes the
following service promise to its customers active in dynamic future-oriented
industries: offering production equipment with the highest degree of
efficiency and innovation. The company's comprehensive expertise in the
development of new production technologies, along with the equipment
required for this, make a significant contribution to reducing the
production costs for end products and making these accessible to a broad
range of buyers around the world.
Investor Relations Contact
Manz AG
Axel Bartmann
Phone: +49 (0)7121 - 9000-395
Fax: +49 (0)7121 - 9000-99
E-mail: [email protected]
cometis AG
Claudius Krause
Phone: +49 (0)611 - 205855-28
Fax: +49 (0)611 - 205855-66
E-mail: [email protected]
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20.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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 News DGAP News Service
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715421 20.08.2018
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