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Press release Box-ID: 855547

Meyer Burger Technology AG Schorenstrasse 39 3645 Gwatt (Thun), Switzerland http://www.meyerburger.com
Contact Ms Ingrid Carstensen +41 33 439 38 34
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Meyer Burger Technology AG

MB PERC success story continues unabated: Meyer Burger awarded contracts totalling around CHF 80 million for MB PERC upgrade cell technology from two PV customers in Asia

(PresseBox) ( Gwatt (Thun), )
Meyer Burger has received significant orders from two leading Asian PV manufacturers for the delivery and installation of the MAiA 2.1 technology platform with the industry leading MB PERC cell technology. The total volume of the two orders is around CHF 80 million.  

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced the successful conclusion of two orders with existing Asian customers for its MAiA 2.1 technology platform with the mass production scalable MB PERC technology.

 

Both of these orders are second instalments to contracts with leading manufacturers of both mono and multi crystalline solar cells which Meyer Burger published on // http://r.newsbox.ch/d10/sh/rd173665/p13066/c14361/strong-demand-for-mb-perc-upgrade-cell-technology-continues-meyer-burger-awarded-first-order-for-ab 1 March and // http://r.newsbox.ch/d10/sh/rd173666/p13066/c14361/continued-success-for-mb-perc-meyer-burger-awarded-further-contract-for-around-chf-15-million-from 20 March 2017 respectively. With these second instalments, the two customers have ordered a total of CHF 120 million in MAiA equipment this year representing more than 7 GW of PERC capacity. Around one third of the equipment ordered is for the PERC upgrade of existing cell production capacity and the remaining two thirds are for additional cell production capacity.

 

With PERC technology, cell efficiency can easily be increased by 1% absolute or more. For example, a cell efficiency of 19% increases with PERC to 20% and more. Hans Brändle, CEO of Meyer Burger Technology Ltd, stated: “The increase of about 1% in cell efficiency seems like a small step but it is very significant for the PV industry enabling further reductions in the cost per Watt (Wp). The fact that two leading PV manufacturers have already ordered a total of more than 7 GW of MB PERC in 2017 clearly demonstrates that technology drives the photovoltaic industry. We are proud to be the trusted technology partner for the leaders in the PV industry.”

 

Delivery and commissioning of the equipment will take place in the second half of 2017. In order to meet the increased market demand, Meyer Burger will temporarily increase production capacity for MAiA 2.1 equipment. Hans Brändle added: ”With the return to profitability as our top priority, we remain committed to stringently managing our cost structure.”

 

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.

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Meyer Burger Technology AG

Meyer Burger is a leading global technology company specialising on innovative systems and processes based on semiconductor technologies. The company'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. 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.

Meyer Burger'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 company'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 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 company 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).

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.