Meyer Burger is considering legal options to enforce its rights after Oxford PV announces unilateral termination of the collaboration

Earlier this month, Oxford PV announced the completion of the build-out of its manufacturing site in Brandenburg an der Havel, Germany. Oxford PV concluded that announcement by saying that "With the achievement of this factory milestone, Oxford PV has terminated its exclusive relationship with Meyer Burger".

Meyer Burger Technology was informed of the termination of partnership (in place since 2019) through the press release (as well as a letter from Oxford Photovoltaics). In view of the unexpected announcement of termination by Oxford PV, Meyer Burger is reportedly 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 has stated that its 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.