The positive trend in demand for Meyer Burger’s high-efficiency MB PERC cell technology in the PV upgrade business continues. A leading Chinese solar manufacturer has awarded Meyer Burger a significant order for the delivery and installation of the MAiA 2.1 technology platform with the industry leading MB PERC upgrade cell technology. The contract volume is about CHF 24 million.
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced that it has successfully concluded an important framework contract for the MAiA 2.1 technology platform with an existing Chinese customer. This contract further confirms the clear shift in demand within the upgrade market from standard cell technologies to high-efficiency cell technologies like PERC. With its industrialized MAiA 2.1 system platform and its MB PERC technology, which is suitable for mass production, Meyer Burger is the market leader in the field of PERC and supports its customers with innovative high-performance equipment which increases their production volume of high-quality solar cells. This first order from the framework contract has a volume of about CHF 24 million. The delivery and commisssioning of the equipment is scheduled for the second quarter of 2017.
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 that it has successfully concluded an important framework contract for the MAiA 2.1 technology platform with an existing Chinese customer. This contract further confirms the clear shift in demand within the upgrade market from standard cell technologies to high-efficiency cell technologies like PERC. With its industrialized MAiA 2.1 system platform and its MB PERC technology, which is suitable for mass production, Meyer Burger is the market leader in the field of PERC and supports its customers with innovative high-performance equipment which increases their production volume of high-quality solar cells. This first order from the framework contract has a volume of about CHF 24 million. The delivery and commisssioning of the equipment is scheduled for the second quarter of 2017.
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.
