Distressed PV thin-film producer Hanergy Thin Film has finally issued a profit warning and business update that reveals the extent of the dependence on its parent company and its dire financial position.
Specialist PV manufacturing equipment supplier Singulus Technologies has said that it is close to closing a major contract after a customer signed an order late last year for a new advanced selenisation system, based on its ‘CISARIS’ platform for CIGS thin-film production.
Specialist PV manufacturing equipment supplier Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency.
PV manufacturing equipment specialist Singulus Technologies has reported preliminary unaudited sales of €84 million in 2015, but restructuring charges are expected to result in a negative EBIT of €33 to €35 million.
Flexible CIGS thin-film consumer product producer Ascent Solar Technologies reported lower than expected third quarter sales, while reducing full-year revenue guidance on liquidity constraints in the quarter.
PV and electronics equipment manufacturing and automation specialist Manz AG has reported revenue in the first nine months of 2015 of €169 million, in line with lower guidance due to order delays and cancellations of around €140 million.