Meyer Burger gives update on major contract for its heterojunction core equipment

On July 22, 2019, Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announced that it had signed an important framework contract with a solar cell manufacturing start-up company in North America for its heterojunction (HJT) core equipment. The contract volume is expected to reach around CHF 100 million and is subject to the customer successfully concluding a financing round.

According to the latest information received from the customer, the financing round is still ongoing, although delayed as compared to the communicated expectations. It is currently expected to be completed in a few weeks at the earliest.

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