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12.12.2013 - Ad hoc announcement pursuant to Art. 53 LR

Meyer Burger provides evolutionary PV wafer, cell, module and measuring equipment valued at around CHF 15 million to an existing Asian customer.

 

  Meyer Burger provides evolutionary PV wafer, cell, module and measuring equipment valued at around CHF 15 million to an existing Asian customer.   With orders by an existing customer in Asia for evolutionary upgrade PV equipment and technologies as part of their overall productivity extension program, Meyer Burger underscores the recovery of the PV market and the increasing investment in customer projects. The combined total value of the evolutionary PV equipment and technologies along the entire value chain is around CHF 15 million.   

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announces orders as part of an overall productivity extension program by an existing Asian customer for evolutionary PV upgrade technology and equipment with a combined total value of around CHF 15 million. The scope of the extension ranges from advanced cutting equipment and automated cell coating technology to high capacity module interconnection and testing equipment. The delivery is expected to be completed in the first quarter 2014.

 

As the recovery of the solar market continues and consumer demand increases, manufacturers are beginning to once again invest in their production capacities. The decision by this existing customer to rely on Meyer Burger’s evolutionary systems and equipment to build up its production capacity underlines the customer’s confidence in Meyer Burger’s leading PV technologies along the entire PV value chain.

  

For further information:

 

Werner Buchholz

Head of Corporate Communications

Tel: +41 (0)33 221 25 06

werner.buchholz@meyerburger.com

 

Ingrid Carstensen

Corporate Communications

Meyer Burger Technology Ltd

Tel: +41 (0) 33 221 28 34

ingrid.carstensen@meyerburger.com

 

 

 

About Meyer Burger Technology Ltd

www.meyerburger.com

 

Meyer Burger is a leading global technology Group specialising on innovative systems and processes based on semiconductor technologies. The Group’s focus is on photovoltaics (solar industry) while its competencies and technologies also cover important areas of the semiconductor and the optoelectronic industries as well as other selected high-end markets based on semiconductor materials. The Group currently employs more than 1,800 people across three continents. Over the past ten years, Meyer Burger has risen to the forefront of the photovoltaic market and established itself as an international premium brand by offering superior precision products and innovative technologies.

 

The Group’s offering in systems, production equipment and services along the photovoltaic value chain includes the manufacturing processes for wafers, solar cells, solar modules and solar systems. Meyer Burger provides substantial added value to its customers and clearly differentiates itself from its competitors by focusing on the entire value chain.

 

The Group’s comprehensive product portfolio is complemented by a worldwide service network with spare parts, consumables, process know-how, customer support, after-sales services, training and other services. Meyer Burger Group is represented in Europe, Asia and North America in the respective key markets and has subsidiaries and own service centres in China, Germany, India, Japan, Korea, the Netherlands, Switzerland, Singapore, Taiwan and the USA. The Group is also working intensively to develop new markets such as South America, Africa and the Arab region. The registered shares of Meyer Burger Technology Ltd are listed on the SIX Swiss Exchange (Ticker: MBTN).

 

 

 

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

 

This press release may contain “forward-looking statements”, such as guidance, expectations, plans, intentions, or strategies regarding the future. These forward-looking statements are subject to risks and uncertainties. The reader is cautioned that actual future results may differ from those expressed in or implied by the statements, which constitute projections of possible developments. All forward-looking statements included in this press release are based on data available to Meyer Burger Technology Ltd as of the date that this press release is published. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.