- Industry Roundup
- Fab & Facilities
- Cell Processing
- Thin Film
- PV Modules
- Power Generation
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Singulus Technologies reported sales of €43.6 million for the first six months of the year, down from €64.6 million in the same period of 2011. Solar segment equipment sales were 27.5% of revenue in the first half of 2012, or approximately €12 million, down from 33.1% of sales in the prior-year period.
Not expecting a recovering in equipment sales to the solar industry any time soon, Singulus Technologies said it would be investing in new technologies and products within both the CIGS thin-film and crystalline silicon (c-Si) sectors to become a key technology partner. Management also hinted at potential acquisitions as part of the strategy.
The company said that it would be making further cost cutting measures, notably in its solar segment operations having seen total losses for the first 6-months of the year increase to €12.4 million, up from losses of just €0.2 million in the prior year period.
As of June 30, 2012 the total order backlog stood at €70.2 million, down from €85.9 million achieved in the prior-year period.
Singulus announced at the end of July 2012 that it had received an order worth more than €7 million from Photovoltaic Technology Intellectual Property (Pty) Limited (PTIP), a spin-off from the University of Johannesburg undertaking research into CIGS thin-film cells. Orders were placed with Singulus for its vacuum coating, selenization as well as wet-chemical process tools.
Management noted that it did expect to receive new orders in the second-half of the year but didn’t expect to turn a profit for the full-year.