Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) was informed on Friday, July 23, 2021 through a press release as well as a letter from Oxford Photovoltaics Limited (Oxford PV) that the company considers the companies' collaboration agreement, in place since 2019, terminated for own strategic reasons. In view of the unexpected announcement by Oxford PV, Meyer Burger is considering legal options to enforce its rights.
With the collaboration agreement closed in March 2019, Meyer Burger and Oxford PV agreed on an exclusive partnership to jointly develop the required technology for mass production of perovskite tandem cells based on Meyer Burger’s heterojunction silicon cell technology (HJT) as well as necessary novel perovskite production equipment from Meyer Burger. Meyer Burger is the largest single shareholder of Oxford PV with a share of 19.76%. [...]
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João Raposo
+351 913 353 070
jraposo-air@portugalmail.pt
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