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PRESS RELEASE: LPKF signs framework agreement for supplying sys-tems to manufacture thin-film solar modules

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DGAP-News: LPKF Laser & Electronics Aktiengesellschaft / Key word(s):
Miscellaneous
LPKF signs framework agreement for supplying sys-tems to manufacture
thin-film solar modules

2020-09-27 / 17:28
The issuer is solely responsible for the content of this announcement.

_Garbsen, 27 September 2020_ - Today, technology company LPKF Laser &
Electronics AG (LPKF) has signed a framework agreement with a manufacturer
of thin-film solar modules, from which LPKF expects a total volume of at
least ca. EUR 18 million. Together with the signing of the framework
agreement, an initial order for laser systems for the structuring of solar
modules has been placed by the customer. Revenue from this framework
agreement is expected to be realized beginning in the second quarter of 2021
and into 2022. The parties have agreed not to disclose details of the
framework agreement.

LPKF has been a successful supplier to the solar industry for 13 years and
is now a globally leading supplier of highly specialized laser systems for
structuring thin-film solar modules.

Due to the COVID-19 pandemic, this customer's projects have been delayed
during the course of this year. "We appreciate this positive impulse for our
solar business and will soon commence production of this first order at our
Suhl location", says CEO Goetz M. Bendele. "The solar segment is an
important element of our growth strategy. With this order, we can further
strengthen our market position in the thin-film segment". The framework
agreement confirms the company's internal revenue planning in the Solar
segment.

LPKF's ultra-precise laser technology enables manufacturers to significantly
increase the conversion efficiency of each individual solar module. This
makes the production of solar electricity more competitive - even without
state subsidies. "Against the backdrop of ongoing and accelerating climate
change, this is a good example of how innovative technology can be used to
make the generation of electric energy both cleaner and more sustainable,"
says Bendele.

*About LPKF*
LPKF Laser & Electronics AG is a leading supplier of laser-based solutions
for the technology industry. LPKF laser systems are vital in the manufacture
of printed circuit boards, microchips, automotive parts, solar modules and
many other components. Founded in 1976, the company is headquartered in
Garbsen near Hanover, Germany, and operates worldwide through subsidiaries
and distributors. LPKF shares are traded in the SDAX and the TecDAX of the
German Stock Exchange (ISIN 0006450000).

Contact:
Bettina Schäfer, Department Manager Group Communication & Investor Relations

2020-09-27 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
Language: English
Company: LPKF Laser & Electronics Aktiengesellschaft
Osteriede 7
30827 Garbsen
Germany
Phone: +49 (0) 5131 7095-0
Fax: +49 (0) 5131 7095-95
E-mail: investorrelations@lpkf.com
Internet: www.lpkf.com
ISIN: DE0006450000
WKN: 645000
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 1137138

End of News DGAP News Service

1137138 2020-09-27



(END) Dow Jones Newswires

September 27, 2020 11:28 ET ( 15:28 GMT)
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