Meyer Burger awarded another important order for around CHF 18 million by existing PV customer in China.

A further significant order has been awarded to Meyer Burger by a leading Chinese manufacturer in the solar industry for the delivery and installation of the MAiA 2.1 technology upgrade platform with the industry-leading upgrade cell technology MB PERC. The order is worth around CHF 18 million. Delivery and commissioning of the equipment is expected in the fourth quarter 2016. Together with the order which was already announced on June 23, 2016, this tier one Chinese customer has ordered diamond wire cutting technology and cell upgrade equipment totalling around CHF 40 million in the past month.

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced the successful conclusion of a further large contract with a Chinese tier one supplier of solar products and solutions for the delivery, installation and commissioning of the MAiA 2.1 system platform with the mass production scalable MB PERC technology. With its industrialised MAiA 2.1 cell production platform, Meyer Burger continues to support its customer in the expansion of its production volume of high quality solar cells to ensure increased delivery of solar modules in the international PV market. Delivery and commissioning of the equipment is scheduled in the fourth quarter of 2016. The volume of this contract amounts to around CHF 18 million.