Swift Solar acquires Meyer Burger's HJT intellectual property and manufacturing assets to scale U.S. HJT and perovskite production

The deal includes the transfer of Meyer Burger’s specialized engineering team and executive leadership to Swift Solar. Quote: "The deal includes the transfer of Meyer Burger’s specialized engineering team and executive leadership to Swift Solar". The acquisition provides Swift Solar with a vertically integrated path for silicon-perovskite tandem cells. Quote: "The acquisition provides Swift Solar with a vertically integrated path for silicon-perovskite tandem cells.". The move secures the most extensive HJT intellectual property portfolio in the Western Hemisphere for Swift Solar. Quote: "The move secures the most extensive HJT intellectual property portfolio in the Western Hemisphere for Swift Solar.". HJT manufacturing equipment can be sourced and built outside of China, aligning with U.S. policy goals. Quote: "HJT is unique among silicon platforms because its primary manufacturing equipment can be sourced and built outside of China, aligning with current U.S. policy goals regarding domestic content and supply chain security.". Swift Solar has raised over $60 million from investors and government agencies. Quote: "Swift Solar, which has raised over $60 million from investors and government agencies including the DOE and DOD". Swift Solar's tandem products have demonstrated durability over 3,000 hours of high-temperature operation. Quote: "The company stated that its tandem products have demonstrated durability over 3,000 hours of high-temperature operation, addressing long-standing industry concerns regarding the field-life of perovskite materials."