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Meyer Burger Considers Legal Options After Termination Of Collaboration

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Meyer Burger Technology 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%.

Meyer Burger's assessment was and is that the perovskite
tandem technology will only reach the required technology and process maturity,
product reliability and cost structure for competitive mass production in a few
years. Any consequences of Oxford PV's announcement therefore have no impact on
the success of Meyer Burger's transformation nor on Meyer Burger's communicated
guidance.

The perovskite tandem technology is an integral part of
Meyer Burger's technology roadmap. Based on its own developments and know-how,
Meyer Burger has a comprehensive portfolio of processes, technologies and
production techniques for its own potential mass production of tandem solar
cells and modules. This includes the essential manufacturing processes and
machines for perovskite tandem solar cells and corresponding solar modules with
Meyer Burger's proprietary SmartWire interconnection technology. Meyer Burger
thus holds a key to critical success factors such as product reliability and
cost-efficient mass production.


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