Singulus Technologies AG is a leading specialist in the development and construction of coating machines. The machines are mainly used for coating solar panels, semiconductors (e.g. Micro-LED), contact lenses and various consumer goods (e.g. ballpoint pens, lipsticks). The most important sales markets are Europe, the US and Asia, particularly China. The business is strongly project-driven with longer delivery times, which naturally leads to greater fluctuations in sales. Several large projects with Singulus largest customer and shareholder CNBM in China and several customers in the US are currently in the pipeline. Investments in the local production of solar panels in the US are not only subsidized by the Inflation Reduction Act (IRR), but also benefit from punitive tariffs on Chinese imports.