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Meyer Burger awarded further contract for its SWCT™ platform

Meyer Burger awarded further contract for its SWCT™ platform

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SmartWire Connection Technology momentum continues: Meyer Burger awarded further contract for its SWCT™ platform as cell connection technology of choice

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced the successful conclusion of a strategic agreement for its award winning SWCT™ technology with an important international solar module manufacturer in Southeast Asia. Meyer Burger will deliver and install the 200 MW SWCT™ manufacturing platform towards the end of 2018. Commissioning and ramp-up of the SmartWire solar module production line at this customer using Heterojunction (HJT) solar cells supplied by an external party is planned for the first half of 2019.

SmartWire Connection Technology (SWCT™) – the natural evolution in cell connection technology

Meyer Burger’s ground-breaking SmartWire Connection Technology employs an innovative foil-wire electrode with up to 24 perfectly aligned wires to connect solar cells. This reduces silver consumption per heterojunction solar module by over 50% which in turn reduces production costs for solar module manufacturers. The resulting dense wire contact matrix enables SWCT™ modules to easily cope with the increased power extraction necessary for today’s high efficiency heterojunction solar cells enabling energy yields of up to 20% to 30% more power per installed module in comparison to standard modules with PERC and PERT cell technologies. The resulting structure of a SWCT™ module significantly strengthens its stability and enhances its lifetime. The powerful combination of higher energy yield, longer module lifetime and lower manufacturing costs delivers the lowest LCOE in the photovoltaic industry today.

In May 2018 at the SNEC, one of the world’s largest PV trade exhibitions, Meyer Burger’s SWCT™ stringer platform received a 2018 Technology Highlight award by PV Magazine recognizing its advantages over standard cell connection processes.

About Meyer Burger Technology Ltd

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. 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 and solar modules. Meyer Burger provides substantial added value to its customers and clearly differentiates itself from its competitors by focusing on core technologies of the 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.

Anand Gupta Editor - EQ Int'l Media Network

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