Favorable market conditions, growth opportunities, and policy support for the solar industry informed Meyer Burger's decision to establish a production site in the United States Initial production is expected to be 400 megawatts (MW) of annual nominal capacity by the end of 2022, with the potential for multiple gigawatts expansion in the future At full capacity, the facility will provide hundreds of skilled manufacturing jobs Discussions with U.S. states are ongoing, and the final site selection is expected by year-end 2021 Procurement of all machinery and equipment for the U.S. plant is taking place in parallel with final site selection to enable rapid scale-up of productionMeyer Burger Technology AGFinsbury Glover HeringAnne SchneiderCallahan KilgoreHead Corporate CommunicationsAssociate Director, Strategic CommunicationsM. +49 174 349 17 90M. +1 757 645 8261anne.schneider@meyerburger.comcallahan.kilgore@fgh.com
End of ad hoc announcementLanguage:EnglishCompany:Meyer Burger Technology AGSchorenstrasse 393645 GwattSwitzerlandPhone:+41 033 221 28 00E-mail:mbtinfo@meyerburger.comInternet:www.meyerburger.comISIN:CH0108503795Valor:A0YJZXListed:SIX Swiss ExchangeEQS News ID:1236583
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