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March 3, 2017

Strong demand for MB PERC upgrade cell technology continues
Strong demand for MB PERC upgrade cell technology continues: Meyer Burger awarded first order for about CHF 24 million for MB PERC upgrade cell technology from an existing PV customer in China as part of an overall framework contract.

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.

Meyer Burger Technology Ltd

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