Meyer Burger and a EUR 20 million contract

Meyer Burger Tech­nol­ogy Ltd has con­cluded fur­ther con­tracts with an ex­ist­ing Asian cus­tomer for its SiNA sys­tem for front side cell coat­ing and it in­dus­tri­al­ized MAiA 2.1 sys­tem with the mass pro­duc­tion scal­able MB PERC tech­nol­ogy. With that investment, "the cus­tomer plans to up­grade and fur­ther ex­pand its pro­duc­tion vol­ume of high ef­fi­ciency PERC cells", a press release from Meyer Burger states. The com­bined con­tract vol­ume of the or­ders amounts to about CHF 22 mil­lion with rev­enue recog­ni­tion ex­pected in 2018.