Press Release

Thun 6 July 2017

 

 

Meyer Burger awarded contract for DW 288 Series 3 diamond wire cutting technology for around CHF 12 million from leading European brand of solar panels

 

 

REC Group has awarded Meyer Burger a contract for the delivery and installation of the latest generation DW 288 Series 3 diamond wire cutting platform for multi-crystalline silicon block slicing. Total contract volume is around CHF 12 million and delivery of the equipment will start in Q3 2017.

 

 

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced the successful conclusion of an important contract for its industry leading DW 288 Series 3 diamond wire cutting platform. REC Group is a leading integrated European brand for solar panels which will shift its entire multi-silicon wafer slicing to diamond wire cutting technology. REC Group has selected Meyer Burger’s latest generation diamond wire cutting equipment for its vertically integrated manufacturing in Singapore, following a competitive in-depth technical evaluation.

 

The contract value of around CHF 12 million includes the delivery, installation and commissioning as well as service support and on-site training for the DW 288 Series 3 diamond wire cutting platform. Delivery of the equipment will start in the third quarter 2017.

 

Steve O’Neil, CEO of REC Group comments: “As an industry leader for high-power multi-crystalline solar panels for many years, our success is also based on cutting-edge and cost effective manufacturing technology. Choosing Meyer Burger and their outstanding diamond wire cutting technology enables us to continue to provide high-quality solar panels with a strong reliability at a competitive price.”

 

Hans Brändle, CEO of Meyer Burger Technology Ltd: “This important order confirms our excellent long-term relationship with REC and once more demonstrates that Meyer Burger’s DW 288 Series 3 diamond wire cutting technology remains the industry-leading solution for the cost-effective production of solar wafers. The product is highly attractive to customers in both the mono-crystalline as well as the multi-crystalline wafer markets.”

 

 

Contact:

Ingrid Carstensen

Corporate Communications

Phone: +41 (0)33 221 28 34

ingrid.carstensen@meyerburger.com