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Meyer Burger Technology AG
ISIN: CH0108503795
WKN: A0YJZX
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Meyer Burger Technology AG · ISIN: CH0108503795 · EQS - adhoc news (122 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1221477
26 July 2021 06:45AM

Meyer Burger is considering legal options to enforce its rights after Oxford PV announces unilateral termination of the collaboration


EQS Group-Ad-hoc: Meyer Burger Technology AG / Key word(s): Miscellaneous
Meyer Burger is considering legal options to enforce its rights after Oxford PV announces unilateral termination of the collaboration

26-Jul-2021 / 06:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) was informed on Friday, July 23, 2021 through a press release as well as a letter from Oxford Photovoltaics Limited (Oxford PV) that the company considers the companies' collaboration agreement, in place since 2019, terminated for own strategic reasons. In view of the unexpected announcement by Oxford PV, Meyer Burger is considering legal options to enforce its rights.

With the collaboration agreement closed in March 2019, Meyer Burger and Oxford PV agreed on an exclusive partnership to jointly develop the required technology for mass production of perovskite tandem cells based on Meyer Burger's heterojunction silicon cell technology (HJT) as well as necessary novel perovskite production equipment from Meyer Burger. Meyer Burger is the largest single shareholder of Oxford PV with a share of 19.76%.

Meyer Burger's assessment was and is that the perovskite tandem technology will only reach the required technology and process maturity, product reliability and cost structure for competitive mass production in a few years. Any consequences of Oxford PV's announcement therefore have no impact on the success of Meyer Burger's transformation nor on Meyer Burger's communicated guidance. 

The perovskite tandem technology is an integral part of Meyer Burger's technology roadmap. Based on its own developments and know-how, Meyer Burger has a comprehensive portfolio of processes, technologies and production techniques for its own potential mass production of tandem solar cells and modules. This includes the essential manufacturing processes and machines for perovskite tandem solar cells and corresponding solar modules with Meyer Burger's proprietary SmartWire interconnection technology. Meyer Burger thus holds a key to critical success factors such as product reliability and cost-efficient mass production.

Contacts:

Meyer Burger Technology AG Dynamics Group AG
Anne Schneider Andreas Durisch
Head Corporate Communications Senior Partner
M. +49 174 349 17 90 T. +41 43 268 27 47
  M. +41 79 358 87 32
anne.schneider@meyerburger.com adu@dynamicsgroup.ch


End of ad hoc announcement
Language: English
Company: Meyer Burger Technology AG
Schorenstrasse 39
3645 Gwatt
Switzerland
Phone: +41 033 221 28 00
E-mail: mbtinfo@meyerburger.com
Internet: www.meyerburger.com
ISIN: CH0108503795
Valor: A0YJZX
Listed: SIX Swiss Exchange
EQS News ID: 1221477

 
End of Announcement EQS Group News Service

1221477  26-Jul-2021 CET/CEST

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This publication was provided by our content partner EQS3.

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EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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