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.
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.
