$MBTN has made significant progress in relocating its core business to the USA. Production has started at the solar module plant in Goodyear, Arizona, following a successful audit. A strategic partnership with a leading US technology group is imminent and a long-term purchase agreement for 1.75 GW of solar modules has been concluded with a major US energy company. The financing of the solar cell plant in Colorado Springs is progressing, with completion of the 45X financing by the middle of the third quarter.

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