Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced the successful conclusion of a repeat order for its high performance MAiA® platform and the first industrial order for its integrated FABiA® system from a major Asian customer. The MAiA® and the FABiA® both deliver an impressive throughput of over 4,800 wafers per hour for the mass production scalable MB PERC technology.
A global leader in the PV industry, the customer has chosen the industrialized MAiA® 4.1 for rear-side cell passivation coating to drive the expansion of its production of high quality PERC solar cells at its manufacturing location in Malaysia.
The customer has also selected Meyer Burger’s fully integrated FABiA® 4.1 for its production site in China. The innovative FABiA® delivers both front- and rear-side cell passivation in a single platform which significantly decreases production complexity while reducing the overall manufacturing footprint by more than 30%. The FABiA® 4.1 is based on Meyer Burger’s proven inline cell coating technology and delivers the lowest total cost of ownership for manufacturers of high efficiency PERC solar cells in the PV industry today.
The contract volume is about CHF 16 million with equipment delivery scheduled to begin in the third quarter and revenue recognition expected in the final quarter of 2018.
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.
A global leader in the PV industry, the customer has chosen the industrialized MAiA® 4.1 for rear-side cell passivation coating to drive the expansion of its production of high quality PERC solar cells at its manufacturing location in Malaysia.
The customer has also selected Meyer Burger’s fully integrated FABiA® 4.1 for its production site in China. The innovative FABiA® delivers both front- and rear-side cell passivation in a single platform which significantly decreases production complexity while reducing the overall manufacturing footprint by more than 30%. The FABiA® 4.1 is based on Meyer Burger’s proven inline cell coating technology and delivers the lowest total cost of ownership for manufacturers of high efficiency PERC solar cells in the PV industry today.
The contract volume is about CHF 16 million with equipment delivery scheduled to begin in the third quarter and revenue recognition expected in the final quarter of 2018.
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.
