Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced today that Dr Dietmar Roth will assume office as a member of the Board of Directors of Meyer Burger Technology Ltd on 3 October 2011. The General Meeting of Shareholders held on 21 April 2011 had already elected Dr Dietmar Roth as a member of the Board of Directors for a term of office of three years, on the conditions precedent of Dr Roth’s resignation from the Management Board of Roth & Rau AG and the closing of the public tender offer for Roth & Rau AG by Meyer Burger Technology Ltd by 11 October 2011 at the latest.
Dr Roth stepped down from the Management Board of Roth & Rau AG on 3 October 2011, in accordance with his previously expressed intention to resign from the Board. At the same time, the Management Board of Roth & Rau AG will be strengthened by Peter Manolopoulos (Chief Operating Officer), Peter Frankfurter (Chief Financial Officer) and Peter M. Wagner, Chairman of the Board of Directors of Meyer Burger Technology Ltd, who will coordinate the Management Board of Roth & Rau AG as its interim Chairman. Thomas Hengst (Chief Sales Officer) will continue to be a member of the Management Board. Peter M. Wagner resigned from the Supervisory Board of Roth & Rau AG at the same time.
As the settlement of the public tender offer for Roth & Rau AG already became effective on 9 August 2011, both conditions precedent to the election of Dr Dietmar Roth as member of the Board of Directors of Meyer Burger Technology Ltd are now fulfilled. Dr Roth takes office as member of the Company’s Board of Directors as per the date of his resignation from the Management Board of Roth & Rau AG.
For further information please contact:
Ingrid Carstensen
Corporate Communications
Tel +41 (0) 33 439 38 34
i.carstensen@meyerburger.ch
About Meyer Burger Technology Ltd
www.meyerburger.com
Meyer Burger is one of the world’s leading providers of innovative systems and production lines for photovoltaics in the solar industry and for the semiconductor and optoelectronic industries. Highly efficient wafers made from silicon, sapphire and other crystals are required in these three markets to manufacture solar modules, switching circuits or high-performance LEDs. The Group’s core competences encompass a broad range of production processes, machines and systems that are used for the production of ultra-thin, high quality wafers, for the inspection and measurement of solar cells, for laminating, soldering and testing of solar module and for building-integrated solar systems. With the acquisition of Roth & Rau AG, with its cutting-edge products and technologies for the next generation of crystalline silicon solar cells, Meyer Burger Group is further expanding its market leadership along the entire photovoltaics value chain. The merger of the two companies creates a full-line system provider which covers the most important technology elements in the photovoltaics value chain, from crystalline silicon to complete solar systems, specifically in the production processes of wafering, solar cells and solar modules. The Group’s comprehensive range of products includes a worldwide service network with wear and tear parts, consumables, re-grooving services, process know-how, customer support, after-sales services, training and other services. As a globally active company, Meyer Burger Group is represented in Europe, Asia and North America in the respective key markets and has over 2,500 employees since the Group’s expansion in August 2011.
Meyer Burger has its headquarters and the production facility of MB Wafertec (Meyer Burger Ltd) in Switzerland, while the group companies, Meyer Burger Automation GmbH, Hennecke Systems GmbH and AMB Apparate + Maschinenbau GmbH have their headquarters and production facilities in Germany. Diamond Wire Materials Tech, Inc. has its headquarters in Colorado Springs, CO, USA. The production facilities of 3S Modultec, 3S Photovoltaics and Pasan are also located in Switzerland, while Somont is located in Germany. The recently integrated Roth & Rau Group has its headquarters in Hohenstein-Ernstthal in Germany and has subsidiaries in Germany, Italy, the Netherlands, USA and various far Eastern countries. The entire Meyer Burger Group has subsidiaries and own service centres in Germany, Norway, Spain, USA, China, Japan, Singapore, South Korea, Taiwan and India. In other important markets, the Company relies on selected independent agents. The registered shares of Meyer Burger Technology Ltd are listed on 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.
Press Release
