DGAP-News: SoloPower Expands Intellectual Property Portfolio With 50th Patent Allowance as it Prepares to Open State-of-the-Art Facility in Portland, Oregon
(firmenpresse) - SoloPower
06.09.2012 14:00
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A Testament to SoloPower's Technological Leadership, Milestone Reinforces
Company's Pioneering Position in Flexible, Thin-Film Solar
SAN JOSE, Calif., 2012-09-06 14:00 CEST (GLOBE NEWSWIRE) --
SoloPower, the San Jose, California-based manufacturer of high efficiency,
lightweight, and flexible thin-film solar cells and modules, announced today
that it received its 50th patent allowance, adding to its already robust
intellectual property portfolio that includes manufacturing technology and
processes in addition to key aspects of its proprietary solar cells and
flexible module technology.
'The strength of SoloPower's intellectual property portfolio enables us to
cover all key aspects of our solar solutions, technology, and manufacturing
processes, giving us a competitive advantage in the marketplace,' said Dr.
Mustafa Pinarbasi, Chief Technology Officer, SoloPower. 'By developing and
owning the new technologies and manufacturing methods that are critical to our
integrated solar solutions, we are constantly able to increase our flexible,
lightweight module efficiencies while driving down costs.'
The first company to receive certification of flexible CIGS panels to both UL
and IEC standards, SoloPower has received allowances for 41 patents in the
United States and nine patents internationally. The company has an additional
69 pending patent applications in the U.S. and 76 pending internationally.
SoloPower's proprietary approach embodies critical technology, manufacturing,
and cost advantages that enable large-scale 'fab-style' production of
high-efficiency CIGS-based photovoltaic cells. The cells are packaged into
unique, flexible, lightweight solar modules that require less balance-of-system
hardware, utilizing unique, first-of-a-kind, non-penetrating kit technology
that revolutionizes the solar panel installation process. The company will
showcase its second generation solar solutions September 11 to 13 at Solar
Power International in Orlando, Florida, North America's premier
business-to-business solar energy event.
'SoloPower's world-class technology team is constantly pushing the envelope,
and our innovations will continue to help us make rooftop solar the primary
energy source for the world's commercial and industrial buildings,' said Tim
Harris, CEO, SoloPower. 'With our integrated installation systems, our solar
solutions are optimized for commercial and industrial rooftops, producing
maximum power in a constrained space and offering excellent total installed
costs. We're excited as we prepare to open our high-volume manufacturing
facility in Portland, Oregon, which will enable us to meet the strong demand
we're seeing from our customers around the world.'
SoloPower's operations in Portland, which will begin commercial production
later this year, are ultimately expected to have a capacity of 400MW and employ
450 people.
SoloPower has engaged Macquarie Capital to advise the company as it explores
strategic partnership opportunities.
For more information, visit www.SoloPower.com.
About SoloPower
Headquartered in San Jose, California, SoloPower Inc. uses innovative,
proprietary roll-to-roll electrodeposition manufacturing technology to produce
low-cost, lightweight and flexible high efficiency copper, indium, gallium and
(di)selenide ('CIGS') based photovoltaic cells. The CIGS cells are then
packaged into unique, flexible, lightweight solar modules. The modules require
less balance-of-system hardware and are easier to install than traditional
solar panels. SoloPower modules and production facilities are certified to both
UL and IEC standards. The company is in the process of constructing its
manufacturing headquarters and first high-volume manufacturing lines in
Portland, Oregon. Lead investors in the company include Hudson Clean Energy
Partners, Crosslink Capital, Convexa, and Firsthand. For more information on
SoloPower, please visit www.solopower.com.
The SoloPower logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13460
CONTACT: John Keaten | 212.784.5701| jkeaten(at)groupgordon.com
News Source: NASDAQ OMX
06.09.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: SoloPower
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9902121287
WKN:
End of Announcement DGAP News-Service
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Datum: 06.09.2012 - 14:00 Uhr
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