& SmartWire product On 11 May 2020 Uwe Rau, German physicist and well-known photovoltaic scientist from Forschungszentrum Jülich confirmed in a radio interview in Germany's largest federal state North Rhine-Westphalia that Meyer Burger's new technology in photovoltaics can be compared to the technological step from 4G to 5G in mobile technology. In addition, he said that compared to standard modules from China, Meyer Burger's technology enables to generate more electricity using less space. According to a company investor presentation the Meyer Burger Heterojunction Module efficiency reaches similar levels to competitive products. Therefore, an average selling price premium (ASP) of up to 12 cts/Wp for same LCOE of HJT/SmartWire vs PERC modules is estimated by Meyer Burger. Corporate structure In 2010 Meyer Burger merged with the previously independent company 3S Industries. The former competence centres of 3S Industries (3S Modultec, 3S Photovoltaics, Somont and Pasan) were and are since then business divisions of Meyer Burger. Meyer Burger (Germany) GmbH Roth & Rau was renamed "Meyer Burger (Germany)" in 2014. The company develops and produces various systems and machines for surface treatment in the photovoltaic industry and played a key role in the industrialization of the so-called PERC (Passivated Emitter and Rear Contact) technology, which represents the current standard in solar cell production. The company also develops and builds mass production systems for the manufacture of highly efficient solar cells using heterojunction technology (HJT). Pasan SA In the course of the merger with 3S Industries, Pasan became part of Meyer Burger in 2010. The company focuses on the development and manufacture of test and measurement systems for solar cells and modules. These include solar simulators, which are used by leading international certification bodies and numerous cell and module manufacturers thanks to their high accuracy and reliability. The company is headquartered in Neuchâtel, Switzerland. Oxford Photovoltaics Ltd. In 2019, Meyer Burger became the largest shareholder in Oxford Photovoltaics, a spin-off company from the University of Oxford in the field of perovskite photovoltaics and solar cells. The company has developed new solar cells that extract more energy from sunshine. Meyer Burger will also mass-produce perovskite solar cells on silicon heterojunction (HJT) tandem cells as part of a strategic and exclusive cooperation agreement. Former divisions Meyer Burger AG (MB Wafertec) With the development and production of cutting and sawing systems for the solar industry, Meyer Burger's rapid growth began in 2000. The diamond wire cutting