PV Nano Cell Ltd., which develops and manufactures innovative nano metric materials that enable non-contact printing of conductive patterns in solar cells and for Printed Electronics, reports having completed a funding round of approximately $3.5 million.
The round was led by the Infinity IP Bank (China) participating also the Israel Electric Corporation's Karat program, Slobel (Belgium), and Terra VP venture capital fund. Terra VP was also the seed investor ~ $ 1.5 M. To date, PV Nano Cell has raised an approximate total of $5.5 million from investors, including the Chief Scientist at the Israeli Ministry of Economy and the Ministry of Energy and Water resources.
PV Nano Cell (PVN) is developing disruptive technology that achieves significant cost reduction in the manufacturing process of silicon cells as well as in Printed Electronics through inkjet printing of inks based on nano metric crystal materials. Inkjet printing, a well-known mass production printing technology in many industrial fields, is penetrating the electronic market in general and the silicon solar cell field in particular.
PVN inkjet conductive inks are the market enabler for inkjet printers' producers & substantial cost reduction enabler for Printed Electronic applications and Solar cells non-contact metallization (generating savings of 20% on cost per watt for silicon cells) as well as substantially reducing hazardous waste effluents in the production processes.
PVN is introducing to the market the first cost efficient conductive ink, based on stable Nano copper particles enabling a wide market penetration of inkjet digital conductive printing through excellent ink stability, printing and conductive properties and low wide commercially viable prices (as the inks are based on significantly cheaper metal - $ 8/kg for copper versus 750/kg for silver).
Press release avilable from http://www.prnewswire.com/