Meyer Burger signs contract for its heterojunction equipment

Swiss Meyer Burger Technology Ltd announced the signing of a major framework contract with an unnamed solar cell manufacturing start-up company for its Heterojunction (HJT) core equipment. The North American manufacturer was founded by solar industry veterans. Subject to closing of the company's financing round, the contract volume is expected to be approximately CHF 100 million ($102 million). Meyer Burger expects to recognize the order intake with the contractual down payment in the beginning of the fourth quarter of 2019.

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