IR-Center Handelsblatt

Meyer Burger Technology AG

News Detail

Ad hoc news News vom 10.08.2015

Meyer Burger concludes key strategic contract for about CHF 29 million for the delivery and provisioning of a fully integrated high efficiency heterojunction cell line with European PV manufacturer EcoSolifer. The total contractual volume includes an option for the future delivery of advanced SmartWire Connection Technology.

Press Release

Thun, 10 August 2015

Meyer Burger concludes key strategic contract for about CHF 29 million for the delivery and provisioning of a fully integrated high efficiency heterojunction cell line with European PV manufacturer EcoSolifer. The total contractual volume includes an option for the future delivery of advanced SmartWire Connection Technology.

EcoSolifer Ltd., a cutting edge European PV developer and manufacturer of high performance solar technology, has awarded Meyer Burger a strategic contract with a total value of about CHF 29 million. The first order out of this contract is for CHF 23 million and includes the delivery and installation of a high efficiency heterojunction (HJT) cell line, making EcoSolifer the first major industrial heterojunction cell producer worldwide. The order also includes Meyer Burger’s integrated cell performance measurement and sorting technology and a FabEagle® MES modular software system for scaleable production management. The complete contract encompasses an option for the future delivery of Meyer Burger’s innovative SmartWire Connection Technology (SWCT) which, in strategic partnership with manufacturers of SWCT modules, enables EcoSolifer to take a leading role in the PV market in Europe and other key markets for high efficiency solar modules while maintaining its opportunity for opening different new markets.

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced the successful signing of a strategically important contract for the delivery and provisioning of a fully integrated high efficiency heterojunction cell line in Europe including comprehensive customer training and support services as well as joint development activities with an option for the later delivery of SmartWire Connection Technology.

Following an extensive six-month technical evaluation process, EcoSolifer has selected the innovative, industrialised PV technologies from Meyer Burger with the goal of achieving a clear cost and performance differentiation in comparison to existing manufacturers in the PV market. EcoSolifer CEO Dr Ákos Haidegger sees mutual benefits in the cooperation stating, “the combination of Meyer Burger’s high efficiency bifacial heterojunction cell technology with EcoSolifer’s broad know-how in PV development and industrial scale production capability could trigger an extraordinarily dynamic impulse and influence the entire solar market.” EcoSolifer plans to reach a half gigawatt of cell production capacity in the short term in order to leverage its scale of production and be extremely competitive with its European manufacturing facility. Meyer Burger CEO Peter Pauli comments “with our future-oriented integrated photovoltaic technologies, Meyer Burger is ideally positioned to support EcoSolifer in combating the shortage of high efficiency solar modules in the photovoltaic market. This is the beginning of important ongoing joint development in the European and global markets.”

Delivery and installation of the heterojunction cell line technology to EcoSolifer’s European manufacturing site in Csorna, Hungary is scheduled for late 2015. EcoSolifer plans to begin industrial manufacturing in the first quarter 2016. The initial production line has an annual capacity of 90-100 MW.

Contact:

Werner Buchholz
Head of Corporate Communications
Tel: +41 33 221 25 06
werner.buchholz@meyerburger.com

Ingrid Carstensen

Corporate Communications

Phone +41 (0)33 221 28 34

ingrid.carstensen@meyerburger.com

About Meyer Burger Technology Ltd

www.meyerburger.com

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. The company currently employs around 1,700 people across three continents. 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).

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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