With the sale of an integrated manufacturing facility to the company MG AB Precizika, 3S Modultec, a 100% subsidiary of Meyer Burger Technology Ltd, is continuing to expand its activities in Eastern Europe.
The Lithuanian company MG AB Precizika is the first company in Lithuania to set up a local production site for solar panels. With a 38 MW production line from 3S Modultec, the company will manufacture high-quality crystalline solar panels, primarily for the Eastern and Southeastern European market.
The countries of Eastern and Southeastern Europe have great potential for the use of solar energy and the framework conditions for renewable energy have improved in many countries in the region. MG AB Precizika aims to promote environmentally friendly solar energy in the region and is also strongly committed to scientific research in the area of photovoltaics. "We are the first company to manufacture solar panels in Lithuania. With the high-class production equipment from Switzerland, we can manufacture top-quality panels and are very confident that we can open up a good local and regional market," says Dr. Tomas Kovera, CEO of MG AB Precizika.
The 38 MW production line for solar panels will be delivered to Lithuania in the spring. The facility can be upgraded up to 65 MW and was sold together with know-how transfer and a comprehensive training package. MG AB Precizika also benefits from the Fast-Track Certification service that 3S Modultec together with the TÜV Rheinland (German technical inspection association) successfully implements for its customers. With the rapid certification process and a service package tailored specifically to the company, MG AB Precizika will be able to quickly set up production and start supplying panels to customers as early as the beginning of summer.
Flexible and rapid market entry with integrated 3S Modultec production lines
3S production lines are modular and can be extended with minimal interruption of production and at minimal cost. The optimally synchronised 3S Modultec production line components from a single source, combined with a unique certification and support package and comprehensive process training form the perfect basis for implementing an entire project in the shortest possible time. The integrated modular production solution by 3S Modultec improves time-to-market and optimises the manufacturing cost TCO across the entire value chain of high-performance solar panels.
About MG AB Precizika:
MG AB Precizika is a scientific industrial joint-stock company. MG AB Precizika was established in 1966 and specializes in precision mechanics. In launching its photovoltaic production, the company will be taking a step towards eliminating pollution in energy generation. This new venture of MG AB Precizika will invest in a new industry in the Lithuanian economy and create new jobs.
Daughter enterprise JSC Precizika-MET SC was established in 2008. The company’s main goal is to begin industrial manufacturing of monocrystalline silicon solar cells using innovative technology developed in Lithuania. In 2009 JSC Precizika-MET SC launched its Industrial Photovoltaic Laboratory Project. Private and EU funds have been used to launch the project. The main aim of the project is to establish a scientific research laboratory for monocrystalline silicon solar cell technology and the implementation of this in mass-production.
Contact 3S Swiss Solar Systems AG:
Dr. Anja Knaus
3S Swiss Solar Systems AG
Head of Communications
Phone +41(0)32 391 1136 Fax +41(0)32 391 1112
anja.knaus@3-s.ch
www.3-s.ch
About 3S Swiss Solar Systems Ltd.
www.3-s.ch
3S Swiss Solar Systems has for years been the world's technological market leader for production plant for the manufacture of solar modules. With integrated production lines and fully automatic laminating lines from the Swiss company, module manufacturers worldwide today produce photovoltaic modules of the highest quality. The equipment for solar module producers is now being marketed under the brand name of 3S Modultec.
Under the newly introduced brand, 3S Photovoltaics, the company also develops and produces trend-setting, building-integrated solar systems, specialising in solar modules for roofs, facades and shading solutions. Solar modules from the factory in Lyss are the perfect synthesis of a robust, weatherproof building shell and efficient, environmentally friendly energy production.
3S Swiss Solar Systems with the brands of 3S Modultec – Module Solutions and 3S Photovoltaics – Solar Building Technologies is a subsidiary of Meyer Burger Technology AG.
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
About Meyer Burger Technology Ltd
www.meyerburger.com
Meyer Burger is a leading and globally active technology group for innovative systems and processes for cutting and handling crystalline and other high-grade materials.
The machines, competences and technologies of the different companies within the group are used in the solar industry (photovoltaics), semiconductor and optical industry. The thinnest wafers made from silicon, sapphire or other crystals are required in these three markets to manufacture solar modules, switching circuits or high-performance LEDs. The group’s core competences are made up of a whole range of production processes, machines and systems that are used within the value chain in the manufacture of high quality wafers. Since the merger in January 2010 with 3S Industries Ltd, the worldwide leader in turnkey production lines and single equipment for the manufacturing of solar modules, the group also covers the entire value chain for solar module production and combines the key technologies of soldering, laminating and testing under one roof. Solar module manufacturers worldwide use the string soldering machines of Somont, the laminating lines of 3S and the testing technologies of Pasan, to produce solar modules whose performance, operating life and quality meet the highest demands. The group’s comprehensive range of products includes a worldwide service network with wear and tear parts, consumables, re-grooving services, process know-how, servicing, after-sales service, training and other services. As a globally active company, the group is represented in Europe, Asia and North America in the respective key markets.
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 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. Meyer Burger Group has also subsidiaries and own service centres in Germany, Norway, Spain, USA, China, Japan, Singapore, South Korea and Taiwan. In other important markets, the company relies on selected independent agents. 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 DISTRIBUTEDTO 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.
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