Cybrid Announces World’s First Batch Delivery of Light Conversion Film for Perovskite Tandem Modules, Expanding Global Reach

Following its recent domestic announcement, Cybrid Technology Co., Ltd. (“Cybrid”, Stock Code: 603212) today confirms the successful batch delivery of its light conversion film for perovskite tandem modules to a leading U.S. photovoltaic manufacturer. This milestone, first achieved in mid-November 2025, represents the technology’s first global commercial application in perovskite solar modules, overcoming a significant barrier to the technology’s scalable development.

Addressing Industrialization Challenges: Light Conversion Film Positions as Key Enabler

Perovskite materials are highly sensitive to environmental factors including humidity, oxygen, high temperatures, and ultraviolet (UV) radiation, with long-term stability representing a critical bottleneck for mass production. Cybrid’s light conversion film utilizes a unique luminescent down-shifting mechanism that efficiently converts harmful UV light into usable visible light. This process not only mitigates UV-induced material degradation—enhancing module durability and operational lifespan for manufacturers—but also boosts the module’s effective light capture. Laboratory tests verify that the technology enables a relative increase in photoelectric conversion efficiency of approximately 5%, providing module makers with a high-reliability solution while significantly elevating energy yield and financial returns for power plant investors.

Supported by a comprehensive proprietary technology portfolio, Cybrid is the sole authorized commercial supplier of this film. The product is a critical component for developing high-stability, high-efficiency, and long-life perovskite tandem modules. The established commercial partnership with a U.S. manufacturer is a precursor to broader global engagement with leading perovskite producers, addressing diverse application needs and fostering collaborative innovation across the supply chain.

Mr. Wu Xiaoping, Chairman of Cybrid, stated, “This batch delivery validates Cybrid’s R&D and innovation capabilities and marks a significant step in perovskite commercialization. We are dedicated to delivering reliable, advanced material solutions for next-generation photovoltaics. Cybrid is transforming from a leading polymer materials specialist into a collaborative technology partner and strategic ally, committed to creating mutual value throughout the industry.”

Market Validation and Strategic Positioning in Next-Generation PV

The perovskite industry is advancing rapidly toward commercialization. GCL Photoelectric’s October 2024 rollout of a full-size perovskite module from a GW-level pilot line demonstrated initial scalability. Concurrently, China’s Ministry of Industry and Information Technology, in its Key Directions for Pilot Platform Development in Manufacturing (2025), explicitly designated perovskite and tandem cells as priority areas, reinforcing policy support. Soochow Securities Research forecasts China’s perovskite module capacity will surpass 100 GW by 2030, with an associated module market approaching CNY 40 billion. Widespread adoption of light conversion film in tandem modules could unlock a potential market worth CNY 5–6 billion for this component.

Amid this growth, Cybrid’s successful delivery strengthens its leadership in perovskite encapsulation materials. By leveraging its complete IP portfolio and continuous innovation, the company has built a full Raybo® light conversion film series for HJT, TOPCon, and perovskite tandem technologies, offering adaptable material solutions across multiple advanced pathways. The company reports a 41.9% year-on-year increase in TPO film shipments for the first three quarters of the year, alongside ongoing delivery and rapid growth of its specialized perovskite encapsulation films.

Cybrid will continue to deepen collaborations with major perovskite module manufacturers. Powered by its light conversion film technology and the accelerating adoption of perovskite solutions, the company’s encapsulation materials business is positioned for accelerated revenue growth and new market opportunities.