The normal order value for two DUO systems stretches from 7 MUSD to 10 MUSD.
The current order value is within this range.
"This customer has experience of CD and DVD manufacturing as well as manufacturing of solar panels. This makes them an ideal partner for Midsummer’s continued expansion," said Sven Lindström, CEO Midsummer AB. ”The order from the European customer is further proof that the interest in Midsummer’s flexible solar technology is increasing in the European market. It is also another step in meeting the continued high demand for Midsummer’s building integrated photovoltaic solutions."
This is the first order based on the new business model presented together with the release of the Green Bond earlier this year, where Midsummer aims to establish a network of contract manufacturers for the production of its building-integrated flexible solar panels.
The DUO machines are assembled in Midsummer’s production facility in Järfälla, Sweden, and will be delivered in 2020.