Manz AG
Manz AG enters into strategic cooperation and receives orders with a volume of EUR 263 mn for CIGS solar turnkey lines
Manz AG / Key word(s): Alliance/Incoming Orders 23-Jan-2017 / 18:31 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Publication of insider information in accordance with Article 17 Paragraph 1 of Regulation (EU) No 596/2014 on Market Abuse (Market Abuse Regulation) Manz AG enters into strategic cooperation and receives orders with a volume of EUR 263 mn for CIGS solar turnkey lines Reutlingen, January 23, 2017 - Today, Manz AG, Reutlingen, (ISIN: DE000A0JQ5U3) has entered into a strategic cooperation with Shanghai Electric Group Co., Ltd. and Shenhua Group Co., Ltd., two of the leading Chinese companies from the energy sector. The cooperation is aimed at a sustainable further development and commercialization of Manz AG's CIGS thin-film technology. Part of the cooperation is the establishment of a jointly owned R&D company in order to accelerate the further development of the Manz CIGS technology. The current R&D entity for CIGS from Manz AG, the Manz CIGS Technology GmbH, will be aquired by the new R&D Joint Venture for EUR 50 million. In return, Manz AG becomes shareholder of the R&D Joint Venture with 15% for an amount of EUR 25 million. Furthermore, the contractual partners of Manz AG have placed purchase orders for CIGSfabs worth EUR 263 million. Revenues and earnings from these purchase orders will affect revenues and earnings during the financial years 2017 and 2018. Due to corresponding down payment agreements, these orders will be realized cash flow positive. The contracts are subject to approvals of governmental authorities in China. 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: krause@cometis.de Manz AG Axel Bartmann Tel.: +49 (0)7121 - 9000-395 Fax: +49 (0)7121 - 9000-99 E-mail: abartmann@manz.com --------------------------------------------------------------------------- 23-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Manz AG Steigäckerstr. 5 72768 Reutlingen Germany Phone: +49 (0) 7121 9000-0 Fax: +49 (0) 7121 9000-99 E-mail: info@manz.com 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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