DGAP-News: TubeSolar AG: Completion of certification of TubeSolar modules by TÜV Rheinland postponed

Completion of certification of TubeSolar modules by TÜV Rheinland postponed

Augsburg, 26.01.2022: Due to an optimisation in the module configuration of the TubeSolar modules through the use of improved primary materials, the completion of the certification by TÜV Rheinland has been postponed. The company continues to work closely with TÜV Rheinland in order to complete the certification process as quickly as possible. The TubeSolar modules have already successfully passed extensive performance tests as part of the certification process. TÜV Rheinland has issued a declaration on the certification progress to date.

Demand for the innovative TubeSolar modules remains high. In addition to the ongoing certification process, the company continues to work closely with various partners in pilot projects to prove the performance of the TubeSolar modules in different application constellations. Potential customers have also already expressed interest in placing binding orders even before certification is completed.

The postponement of the completion of certification has no effect on the planned construction of the first production line and the plans for the expansion of automated production. However, the worldwide supply bottlenecks in the current COVID 19 environment also affect some of the production machines ordered by the company. Therefore, the start of automated production will probably be postponed from summer to autumn this year.

About TubeSolar AG (www.tubesolar.de)
TubeSolar AG has taken over the laboratory production of OSRAM/LEDVANCE in Augsburg as a spin-off and acquired the patents from LEDVANCE and Dr. Vesselinka Petrova-Koch. TubeSolar AG has been using this patent-protected technology since 2019 to develop and manufacture photovoltaic thin-film tubes that are joined together to form modules and whose properties enable additional opportunities for use in solar power generation compared to conventional solar modules. The technology will be used both in the agricultural sector, spanning agricultural production areas, and to generate solar power on industrial and commercial roofs. In the next few years, it is planned to expand production in Augsburg to an annual production capacity of 250 MW.

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Website: www.tubesolar.de
Contact Investor Relations:
Maximilian Fischer, mailto: m.fischer@tubesolar.de
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