Signet Solar stops operations

The news came from insolvency administrator, Christoph Junker. The company’s 129 employees were informed on Monday that after months of searching, no restructuring solutions have been found and no new customers could be secured.
Junker said that existing orders will be processed this week. Meanwhile, the PV machinery will be stopped and preserved in case it is needed at a later point.
Currently, there are negotiations with five potential investors taking place which, according to Junker, have already made positive progress. However, thus far, proof of sufficient funds for both the purchase price, and further operating and investment costs, are missing. As a result, negotiations are ongoing. Junker is confident though that a new investor will be found.