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     489  0 Kommentare Meyer Burger makes significant progress in relocating its core business to the USA

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    • Meyer Burger relocates core business to USA
    • Solar module production in Arizona begins
    • Strategic partnerships and financing progress

    Meyer Burger Technology AG / Key word(s): Agreement
    Meyer Burger makes significant progress in relocating its core business to the USA

    25-Jun-2024 / 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.


    Ad hoc announcement pursuant to Art. 53 LR
    Thun, Switzerland – June 25, 2024


    Meyer Burger makes significant progress in relocating its core business to the USA

    • Ramp-up of solar module production in Goodyear, Arizona, begins following successful factory audit.
    • Strategic partnership with leading U.S. technology group to expand activities in the USA in the pipeline.
    • Fourth long-term offtake agreement signed with a new major customer for a total volume of 1.75 gigawatts over three years with an option to extend for a further two years.
    • Financing of solar cell plant in Colorado making progress, completion of 45X financing targeted by mid-third quarter.

    Meyer Burger's new solar module plant in Goodyear, Arizona, starts production. The factory audit according to UL testing standards required for the official start of production was passed without any deviations. The solar cells required for module production have already been produced at the German site in Thalheim (town of Bitterfeld-Wolfen) for some time and will continue to be supplied from there. The Thalheim site will be needed for the foreseeable future to ensure the ramp-up in the U.S., at least until the solar cell line in Colorado Springs, Colorado, is up and running. The exact timing for the start of solar cell production in the U.S. will depend on the closing of the 45X financing.

    Strategic partnership initiated with leading U.S. group

    A commercial agreement was negotiated to the point of signature with a U.S. industry and technology leader and a term sheet for a potential investment in Meyer Burger was exchanged. This planned strategic collaboration will enable the company to produce a solar module that is manufactured in the US with an increasing share of domestic components. Meyer Burger is working on binding agreements, which are expected to be finalized in the third quarter.

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    Meyer Burger makes significant progress in relocating its core business to the USA Meyer Burger Technology AG / Key word(s): Agreement Meyer Burger makes significant progress in relocating its core business to the USA 25-Jun-2024 / 06:45 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely …

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