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19.05.2015 - Ad hoc announcement pursuant to Art. 53 LR

Meyer Burger receives important contract to supply MAiA 2.1 systems to an existing customer in Asia. The contract value is over CHF 38 million.

 

 

Meyer Burger receives important contract to supply MAiA 2.1 systems to an existing customer in Asia. The contract value is over CHF 38 million.

 

Meyer Burger has been chosen by an existing Asian customer to deliver the industrially proven MAiA 2.1 equipment with the mass production scalable MB PERC technology for the upgrade and expansion of its production of high quality solar cells. The contract value is over CHF 38 million with delivery and commissioning of the systems starting in the third quarter of 2015 and heading into early 2016.

 

Following a detailed evaluation and test production phase on customer site in which the MAiA 2.1 system platform delivered top performance and met the demanding manufacturing and throughput requirements of the existing customer, Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced the successful signing of an important contract with a leading Asian photovoltaic manufacturer for the delivery, installation and commissioning of MAiA 2.1 systems. With its global presence and local market expertise, Meyer Burger will also provide comprehensive customer training and on-site support services as well as spare parts management at the customer’s internationally located manufacturing locations.

 

The MAiA system and the mass production capability of the MB PERC (Passivated Emitter Rear Cell) technology was selected by the customer to expand its production volume of high quality solar cells and support its increased delivery of solar modules in the PV market. The contract value is over CHF 38 million and the total annual output of the installed equipment will be approximately 2.5 GW. Delivery and commissioning of the equipment will start in the third quarter of 2015 and head into early 2016.  The customer intends to begin production by the end of 2015 with the first equipment tools delivered.

 

 

Contact:

 

Werner Buchholz

Head of Corporate Communications

Phone +41 (0)33 221 25 06

werner.buchholz@meyerburger.com

 

Ingrid Carstensen

Corporate Communications

Phone +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 around 1,700 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, Malaysia, 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.