SAP Raises Dividend to €1.50 – New Supervisory Board Elected

SAP SE (NYSE: SAP) today announced that shareholders approved all agenda items proposed by management at the company’s Annual General Meeting of Shareholders.

For fiscal 2018, SAP shareholders will receive a dividend of €1.50 per share (previous year: €1.40). The total distribution to shareholders amounts to €1.79 billion. Dividends are slated for payment on or after May 20, 2019. The shareholders approved the actions of the Executive and Supervisory Board for the 2018 fiscal year.

The Annual General Meeting held new elections after the regular expiration of the terms of all shareholder representatives on the Supervisory Board. The duration of the terms was staggered into groups of three, four and five years so that in the future not all terms of shareholder representatives would be up for re-election at the same time. All persons standing for election received the approval of the Annual General Meeting.

The shareholders‘ side of the Supervisory Board thus consists of the following persons. The duration of each person’s mandate in years is provided in brackets after the name: Prof. Dr. h. c. mult. Hasso Plattner [3], Dr. h. c. mult. Pekka Ala-Pietilä [3], Aicha Evans [5], Diane Greene [4], Prof. Dr. Gesche Joost [4], Bernard Liautaud [4], Gerhard Oswald [5], Dr. Friederike Rotsch [5], Dr. Gunnar Wiedenfels [3].

After the election of five women to the Supervisory Board in the recently held employee representative elections, nine of the 18 Supervisory Board members are now women. The employee representatives on the Supervisory Board are Panagiotis Bissiritsas, Monika Kovachka-Dimitrova, Lars Lamadé, Margret Klein-Magar, Christine Regitz, Heike Steck, Christa Vergien-Knopf, James Wright and Ralf Zeiger.

Visit the SAP News Center. Follow SAP on Twitter at @sapnews.

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Meyer Burger Technology AG – Generalversammlung 2019

An der ordentlichen Generalversammlung der Meyer Burger Technology AG (SIX Swiss Exchange MBTN) vom 2. Mai 2019 waren 229‘595‘864 Namenaktien zu Beginn der Generalversammlung vertreten, was rund 33.5% des im Handelsregister eingetragenen Aktienkapitals entspricht. 262 Aktionäre nahmen persönlich an der Generalversammlung teil. Durch diese Aktionäre und durch Dritte vertretene Namenaktien beliefen sich auf 66‘623‘008 Aktienstimmen. Der unabhängige Stimmrechtsvertreter vertrat 162‘972‘856 Namenaktien.

Die Generalversammlung genehmigte den Lagebericht, die Jahresrechnung und die Konzernrechnung für das Geschäftsjahr 2018. Der Vergütungsbericht 2018 wurde in einer konsultativen Abstimmung ebenfalls genehmigt.

Die Generalversammlung bewilligte die Verwendung des Bilanzergebnisses und erteilte den Mitgliedern des Verwaltungsrats und der Geschäftsleitung die Entlastung für das Geschäftsjahr 2018.

Neu in den Verwaltungsrat wurden Dr. Remo Lütolf (inkl. Wahl als Verwaltungsratspräsident) und Andreas R. Herzog gewählt. Die bisherigen Verwaltungsratsmitglieder Dr. Franz Richter und Hans-Michael Hauser wurden von der Generalversammlung ebenfalls wiedergewählt. In den Nominierungs- und Entschädigungsausschuss wurden Hans-Michael Hauser und Andreas R. Herzog gewählt.

Für ein weiteres Jahr wurde PricewaterhouseCoopers AG, Bern, als Revisionsstelle und Herr lic. iur. André Weber als unabhängiger Stimmrechtsvertreter der Gesellschaft wiedergewählt.

Die Generalversammlung genehmigte die maximalen Gesamtsummen der Vergütungen des Verwaltungsrats und der Geschäftsleitung für das Geschäftsjahr 2020.

Zudem genehmigte die Generalversammlung den Antrag des Verwaltungsrats betreffend Modifikation und Anpassung des bestehenden genehmigten Kapitals und der entsprechenden Statutenänderung.

Die gestellten Aktionärsanträge (Sentis Capital PCC) betreffend Streichung von Art. 3a der Statuten (Aufhebung des genehmigten Kapitals); Änderung von Art. 8 der Statuten (Recht der Aktionäre auf Einberufung einer Generalversammlung); Änderung von Art. 35 der Statuten (Amtsdauer der Revisionsstelle) wurden, wie vom Verwaltungsrat empfohlen/beantragt, von der Generalversammlung abgelehnt.

Der Aktionärsantrag (Sentis Capital PCC) betreffend Änderung von Art. 10 der Statuten (Bekanntmachung des Geschäftsberichts) wurde entgegen der Empfehlung/Antrag des Verwaltungsrats von der Generalversammlung angenommen.

Die Aktionärsanträge (Sentis Capital PCC) betreffend Änderung von Art. 10 der Statuten (Traktandierungsrecht der Aktionäre) und Änderung von Art. 28 der Statuten (Mandate ausserhalb der MBT) wurden, wie auch vom Verwaltungsrat empfohlen/beantragt, von der Generalversammlung angenommen.

Ein weiterer an die Generalversammlung gestellter Aktionärsantrag auf Wahl von Urs M. Fähndrich als Mitglied des Verwaltungsrats wurde durch die Generalversammlung auf Empfehlung/Antrag des Verwaltungsrats abgelehnt.

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED DIRECTLY OR INDIRECTLY TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES OF AMERICA. 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 OF AMERICA SECURITIES LAWS.

Diese Medienmitteilung kann auf die Zukunft bezogene Aussagen, wie zum Beispiel Erwartungen, Pläne, Absichten oder Strategien betreffend der Zukunft enthalten. Solche Aussagen sind mit Unsicherheiten und Risiken behaftet. Der Leser muss sich daher bewusst sein, dass solche Aussagen von den zukünftigen tatsächlichen Ereignissen abweichen können. Sämtliche auf die Zukunft gerichtete Aussagen in dieser Medienmitteilung beruhen auf Daten, die Meyer Burger Technology AG zum Zeitpunkt der Veröffentlichung dieser Medienmitteilung vorlagen. Die Gesellschaft übernimmt keinerlei Verpflichtung, zukunftsorientierte Aussagen in dieser Medienmitteilung zu einem späteren Zeitpunkt aufgrund neuer Informationen, zukünftiger Ereignisse oder Ähnlichem zu aktualisieren.

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Meyer Burger concludes divestment of wafer business to Precision Surfacing Solutions

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced that it has concluded the divestment of its photovoltaic and specialised materials (e.g. semiconductor and sapphire glass industries) wafering equipment and service business to Precision Surfacing Solutions (PSS). The sale was agreed and announced on February 7, 2019. The purchase price is CHF 50 million in cash and the contract includes an earn-out component based on certain revenue levels in 2019.

 

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 UNITED STATES. 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.

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Meyer Burger receives further order from a Chinese manufacturer for its MAiA® platform

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced that it has received an order from a Chinese PV manufacturer for its MAiA® platform with an order volume of CHF 10 million.

Key factors for the customer’s decision were not only the lowest cost of ownership in the PV industry but also Meyer Burger’s strong, comprehensive IP protection for its technology. This underscores the leading role of the MAiA® platform for PERC.

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 UNITED STATES. 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.

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Meyer Burger schliesst Transformation der Geschäftsleitung ab: Michael Escher tritt als Chief Commercial Officer zurück

Im Rahmen des am 16. Oktober 2018 angekündigten Transformationsprogramms hat die Meyer Burger Technology AG (SIX Swiss Exchange: MBTN) eine Anpassung der Geschäftsleitung an die zukünftige Struktur und Grösse des Unternehmens angekündigt. Meyer Burger schliesst heute diese Transformation der Geschäftsleitung mit der Ankündigung ab, dass Michael Escher nach 5-jähriger Tätigkeit im Unternehmen per Ende Juni 2019 als Chief Commercial Officer (CCO) zurücktritt und die Geschäftsleitung verlässt.

 

Die Transformation von Meyer Burger hin zu einer strategischen Ausrichtung auf hocheffiziente Zell- und Modultechnologien verläuft derzeit nach Plan, was auch die kürzlich abgeschlossene Partnerschaft mit und Beteiligung an Oxford PV deutlich unterstreicht. Aufgrund des strategisch gestrafften Produktportfolios und der angepassten Vertriebsorganisation von Meyer Burger ist die Rolle des CCO auf Konzernebene nicht länger erforderlich.

 

Michael Escher war massgeblich an der Umsetzung der globalen Verkaufsstrategie von Meyer Burger beteiligt, um die Marke Meyer Burger mit einem «One-Face-to-the-Customer»-Ansatz zu stärken. Er spielte eine zentrale Rolle beim Durchbruch der Technologien Heterojunction und SmartWire Connection (SWCT™), indem er Schlüsselverträge mit führenden Unternehmen der PV-Industrie akquirierte.

Hans Brändle, CEO von Meyer Burger, sagte: «Im Namen des gesamten Unternehmens möchte ich Michael Escher herzlich für seine Unterstützung, Kundenorientierung und sein starkes Engagement für Meyer Burger in den letzten fünf Jahren danken. Ich persönlich bedanke mich beim ihm für seine grosse Unterstützung bei der Umsetzung unseres Transformationsprozesses. Wir wünschen ihm für seine Zukunft alles Gute, sowohl beruflich als auch persönlich.»

 

Nach dem Ausscheiden von Michael Escher, CCO, und Daniel Lippuner, COO, (wie am 21. März 2019 angekündigt) per Ende Juni 2019 wird die Geschäftsleitung aus drei Mitgliedern bestehen: Dr. Hans Brändle, CEO, Manfred Häner, CFO und Dr. Gunter Erfurt, CTO.

 

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED DIRECTLY OR INDIRECTLY TO U.S. PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES OF AMERICA. 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 OF AMERICA SECURITIES LAWS.

 

Diese Medienmitteilung kann auf die Zukunft bezogene Aussagen, wie zum Beispiel Erwartungen, Pläne, Absichten oder Strategien betreffend der Zukunft enthalten. Solche Aussagen sind mit Unsicherheiten und Risiken behaftet. Der Leser muss sich daher bewusst sein, dass solche Aussagen von den zukünftigen tatsächlichen Ereignissen abweichen können. Sämtliche auf die Zukunft gerichtete Aussagen in dieser Medienmitteilung beruhen auf Daten, die Meyer Burger Technology AG zum Zeitpunkt der Veröffentlichung dieser Medienmitteilung vorlagen. Die Gesellschaft übernimmt keinerlei Verpflichtung, zukunftsorientierte Aussagen in dieser Medienmitteilung zu einem späteren Zeitpunkt aufgrund neuer Informationen, zukünftiger Ereignisse oder Ähnlichem zu aktualisieren.

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Meyer Burger completes transformation of Executive Board: Michael Escher to step down as Chief Commercial Officer

As part of the transformation programme announced on October 16, 2018, Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) planned to adapt the Executive Board to reflect the future structure and size of the company. Today Meyer Burger is completing the transformation of the Executive Board with the announcement that Michael Escher will step down as Chief Commercial Officer (CCO) and leave the Executive Board by the end of June 2019 following a 5-year career with the company.

 

Meyer Burger’s transformation towards a strategic focus on high efficiency cell and module technologies is in progress, as was clearly underscored by the recent announcement of the partnership and participation with Oxford PV. As a result of the company’s strategically streamlined product portfolio and sales organisation, the role of CCO at corporate level has become redundant.

 

Michael Escher was instrumental in defining Meyer Burger’s global sales strategy to strengthen the Meyer Burger brand with a one-face-to-the-customer approach. He played a pivotal role in the breakthrough of Heterojunction and SmartWire Connection (SWCT™) technologies by securing key contracts with leading players in the PV industry.

 

Hans Brändle, CEO of Meyer Burger, said: “On behalf of the entire company, I would like to sincerely thank Michael Escher for his support, customer focus and strong commitment to Meyer Burger during the past 5 years. Personally, I also want to thank Michael for his strong support during the implementation of our transformation process. We wish him all the best for his future, both professionally and personally.”

 

Following the departure of Michael Escher, CCO, and Daniel Lippuner, COO, (as announced on March 21, 2019) at the end of June 2019, the Executive Board will consist of three members: Dr Hans Brändle, CEO; Manfred Häner, CFO and Dr Gunter Erfurt, CTO.

 

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 UNITED STATES. 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.

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Meyer Burger acquires 18.4% of Oxford PV and issues 62,288,420 registered shares out of the existing authorised capital

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) reported today the successful acquisition of a major equity stake in Oxford Photovoltaics Limited (Oxford PV), as announced on 21 March 2019. Simultaneously with the placement of Meyer Burger Technology Ltd shares by way of an accelerated bookbuilding procedure conducted by Oxford PV (as announced on 27 March 2019), Meyer Burger Technology Ltd has issued 62,288,420 registered shares out of its existing authorised capital. The issuance will increase Meyer Burger’s listed share capital to CHF 34,258,691.70, divided into 685,173,834 registered shares with a nominal value of CHF 0.05 each. The listing of these shares on SIX Swiss Exchange has already been applied for by the company and was approved by SIX Swiss Exchange. With the closing of the transaction, Meyer Burger will become the largest shareholder in Oxford PV. Hans Brändle, Meyer Burger CEO, will become member of the Board of Directors of Oxford PV.

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 UNITED STATES. 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.

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Meyer Burger – Sentis Capital PCC requests agenda items for the Annual General Meeting of 2 May 2019

Meyer Burger Technology AG (SIX Swiss Exchange: MBTN) has received a request from Sentis Capital PCC (“Sentis”) for agenda items for the Annual General Meeting of 2 May 2019. Sentis requests several changes of the Articles of Association: cancellation of the authorised capital, amendment of the percentage limit regarding shareholders’ rights to convene a general meeting, amendment of the percentage limit of shareholders’ rights to request that matters be put on the agenda and introduction of a period between the publication of the annual report and the date of the Annual General Meeting, change of the number of permitted mandates outside Meyer Burger Group as well as the introduction of a maximum number of years that the statutory auditors can be mandated.

 

The Board of Directors will examine these requests and will comment on it in due course.

 

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 UNITED STATES. 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.

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Meyer Burger awarded contract for about CHF 15 million from leading Asian customer for its MAiA® 6.1 cell coating equipment

Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) today announced the successful conclusion of an order from an existing, major Asian customer for its high performance MAiA® 6.1 platform which delivers an impressive throughput of over 6,000 wafers per hour for mass production scalable PERC technology. By selecting Meyer Burger’s MAiA® 6.1, which launched in 2018, to drive the production expansion of its high quality PERC solar cells, this global leader in the PV industry has chosen today’s foremost standard in PERC manufacturing technology.

 

Meyer Burger’s industrialized MAiA® with its superior passivation technology played a key role in finally establishing PERC as the new global standard in mass manufacturing of solar cells. PERC delivered a much higher module performance while reducing production costs compared to the former Al-BSF standard technology. Dr Hans Brändle, CEO of Meyer Burger, stated: “Today’s announcement of a repeat order from a leading PV module manufacturer for our next generation MAiA® 6.1 signals the beginning of ambitious new PERC expansion plans by the solar industry.”

 

Meyer Burger’s CTO, Dr Gunter Erfurt, added: “Meyer Burger’s proprietary passivation technology for PERC solar cells is based on our own IP which is patented in the EU as well as in China and Korea. The patents describe and claim the deposition method, the tool configuration, the process sequence as well as the resulting passivation structure on the solar cell. Thus, PERC solar cells processed on our leading MAiA® platform apply a significantly different passivation structure compared to the structure e.g. applied using atomic layer deposition (ALD) and are not in the scope of the recently filed patent infringement claim by a leading PV company against other solar manufacturers.”

 

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 UNITED STATES. 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.

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Promotors mean greater proximity to customers

At Motorservice, Rheinmetall Automotive’s spare parts specialist, special promotors form an additional interface to customers. These technically versed employees are active in various countries, interacting directly with wholesalers and auto repair shops. They provide quick, competent advice and defined service support, acting as a direct communication link between wholesalers and their local branches as well to auto repair shop customers.

Introduced in 2010, the Promotors Concept has proved to be highly successful.  In the meantime, it continues to expand, with additional promotors being hired.

“Our promotors have the advantage of knowing the local language and understanding the local culture. Because they’re always on location, they know what’s going on in their countries and can react quickly.  So far, all we’ve had is positive feedback about the concept”, reports Hansjörg Rölle, one of the division’s top aftermarket executives. In addition to its existing promotors in Poland and Russia, since 2016 the division has had special employees in Italy, Hungary, Turkey and South Africa. Others have joined the team in the United States, Chile, and the Balkans, as well as in Morocco and Tunisia. With the hiring of an additional person in Russia, the company now has a total of twelve promotors in eleven countries.

Proximity to the “Point of Repair”

Promotors act as the long arm of the regional sales director, supporting customers in their daily operations. This can involve the identification of spare parts, for example, as well as obtaining market information and determining training requirements in auto repair shops. Furthermore, these highly trained employees conduct in-depth training courses on their own, and keep customers informed about the latest Motorservice products and services. In their capacity as local contact persons, they also appear at customer tradeshows, customer events, and at wholesalers. Motorservice differentiates between promotors who specialize in resolving technical problems and those whose expertise relates more to sales-oriented topics.

The technical promotors are first and foremost in charge of carrying out local training programs and overcoming technical problems during installation of Motorservice products directly in the repair shops. In addition, these promotors identify market-specific requirements and pass these on to the responsible product managers.

The more sales-oriented promotors provide in-depth sales supports and conduct local marketing activities. They make use of their local contacts in order to encourage the purchase of Motorservice products at retail and wholesale level as well as in repair shops.

About Motorservice

The Motorservice Group is the sales organization of Rheinmetall Automotive’s global aftermarket activities. It is a leading supplier of engine components for the spare parts market, encompassing the Kolbenschmidt, Pierburg, BF and TRW Engine Components brands. An extensive, in-depth product range lets customers draw all their spare parts from a single source. Moreover, as a problem-solver for wholesalers, retailers, and auto repair shops, Motorservice offers a level of comprehensive technical expertise befitting the subsidiary of a major high-tech enterprise.

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