(SWX Swiss Exchange “MBTN”) publicly announced on March 30th 2007 that the Company gained another promising customer in the Chinese market and is participating in the customer’s plans for expansion. In conjunction with the contract communicated, Meyer Burger mentioned that it will deliver the necessary high-precision machines to cut silicon into solar wafers to ReneSola during the second half of 2007 and the first quarter of 2008, and that the order received amounts to a total volume of more than CHF 20 million.
Meyer Burger specifies that the volume in orders concerns a major project for the stages of expansion at ReneSola during 2007 and 2008 and consists of three subprojects. The contract for the third subproject in the amount of approx. CHF 6 million was signed by the end of March 2007. The other two subcontracts were signed by the end of September 2006 (CHF 9.3 million) and by the beginning of December 2006 (CHF 6 million).
About Meyer Burger Technology Ltd
http://www.meyerburger.ch/
Meyer Burger Technology Ltd 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 in the group are used in the solar industry (photovoltaics), semi-conductor 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. The comprehensive range of products is complemented by a worldwide service network with wear and tear parts, consumables, re-grooving service, 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 Meyer Burger Ltd in Switzerland, while the group companies, Meyer Burger Automation GmbH, Hennecke Systems GmbH and and AMB Apparate + Maschinenbau GmbH, have their headquarters and production facilities in Germany. The group also has subsidiaries and own service centres in Germany, Norway, China and Japan, which all are represented by its own staff on-site. In Taiwan and the USA, Meyer Burger works with independent sales and service partners that are part of Meyer Burger’s global service network. In other important countries the company relies on selected independent agents. Meyer Burger generated net sales of CHF 455 million in fiscal year 2008 and employed more than 630 staff worldwide as of year end 2008.
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