Press Release

Thun, 2 April 2020

 

 

Closing of the sale of the inkjet printer business (PiXDRO) by Meyer Burger (Netherlands) B.V.; Introduction of short-time working at the Swiss sites in Thun and Hauterive due to COVID-19 pandemic

 

 

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) announces today the closing of the sale of the inkjet printer business (PiXDRO) of Meyer Burger (Netherlands) B.V. in Eindhoven (NL) to SÜSS MicroTec SE, headquartered in Garching (Munich), Germany, which was announced on 20 December 2019. The final purchase price of the transferred assets amounts to CHF 4.1 million. The approximately 30 employees at the Eindhoven site in the Netherlands will be taken over by SÜSS MicroTec.

 

The COVID-19 pandemic is having a significant impact on the world economy and thus also on the global solar industry. Temporary plant closures and restrictions due to the COVID-19 pandemic at customers also delay Meyer Burger's activities. After Meyer Burger's employees at the Hohenstein-Ernstthal (Germany) site have already been working short-time since 16 March 2020, the company will now introduce short-time working for its Swiss sites in Thun and Hauterive as from 6 April 2020. This measure shall help Meyer Burger to compensate for the consequences of COVID-19 pandemic and to reduce personnel costs.

 

In addition, the Board of Directors and the Executive Board of Meyer Burger have decided, as a sign of solidarity and in favour of the company, to immediately waive 15 percent of the remuneration of the Board of Directors and their salaries for the period of the COVID-19 crisis.

 

 

 

Contacts:

Nicole Borel

Head of Corporate Communications

Tel: +41 (0)33 221 28 34

nicole.borel@meyerburger.com

 

Jan Gregor

c/o Gregor Communications GmbH

Tel: +41 (0)33 221 24 02

jan.gregor@meyerburger.com

 

 

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED5STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR, EXCHANGE OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF MEYER BURGER TECHNOLOGY LTD HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

 

This press release may contain “forward-looking statements”, such as guidance, expectations, plans, intentions, or strategies regarding the future. These forward-looking statements are subject to risks and uncertainties. The reader is cautioned that actual future results may differ from those expressed in or implied by the statements, which constitute projections of possible developments. All forward-looking statements included in this press release are based on data available to Meyer Burger Technology Ltd as of the date that this press release is published. The company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.