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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.
Further offtake agreement for up to 600 megawatts per year
Meyer Burger has concluded a further three-year offtake agreement: a major US energy company will purchase highly
efficient solar modules from the Goodyear plant with an annual capacity of up to 600 megawatts from January 2026. The
contract includes an option for the customer to extend the contract by a further two years and will become effective
once the financing of the solar cell plant in Colorado Springs has been completed.
Progress on financing
Meyer Burger reports progress on financing: The due diligence of a major U.S. bank on a monetization under Article 45X
of the Inflation Reduction Act (IRA) has been completed. The loan agreements are currently being negotiated and the
company is aiming for closing and disbursement by the middle of the third quarter. In this context, Meyer Burger also
expects to receive the export financing from a major German bank for the expansion of solar production in the USA.
The final application for the loan from the US Department of Energy (DOE) to finance the solar cell plant in Colorado
Springs has been submitted and is currently under review.
Media contacts
Meyer Burger Technology AG
Anne Schneider
Head Corporate Communications
M. +49 174 349 17 90
anne.schneider@meyerburger.com
Alexandre Müller
Investor Relations
M. +41 43 268 3231
alexandre.mueller@meyerburger.com
About Meyer Burger Technology AG
www.meyerburger.com
Meyer Burger researches, develops and produces the latest generation of highly efficient solar cells and solar modules
based on patented Heterojunction/SmartWire technology. As one of the few manufacturers worldwide, the company also
manufactures its own production equipment, which ensures high quality and efficiency in production.
Meyer Burger's headquarters are located in Thun (Switzerland). The company operates research centers and machine
factories in Hohenstein-Ernstthal (Germany), Hauterive and Neuchâtel (Switzerland). The highly automated production of
solar cells and solar modules takes place in Thalheim (Germany) and in the future in Goodyear and Colorado Springs
(USA). The company has its own accredited test center for solar modules in Freiberg (Germany). This is the key to the
long service life and high precision of Meyer Burger solar modules. There are sales offices in Europe, the USA,
Australia and Asia.
Around 1 100 people work for Meyer Burger worldwide. The company was founded in 1953 in Switzerland. As a provider of
production systems, the company has shaped the development of the global photovoltaic industry along the entire value
chain in recent decades and has set essential industry standards. A large part of the solar modules produced worldwide
today are based on technologies developed by Meyer Burger.
The registered shares of Meyer Burger Technology AG are listed on the SIX Swiss Exchange (ticker: MBTN).
Additional features:

File: 20240625_MBTN_Agreement_EN  
End of Inside Information  
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:  1932015 

End of Announcement EQS News Service
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1932015 25-Jun-2024 CET/CEST

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June 25, 2024 00:46 ET (04:46 GMT)