Oct 19 2010
Innovalight, Inc., a privately-held company that manufactures a proprietary nanotechnology-based silicon ink and licenses a proprietary platform process to solar cell manufacturing companies, announced today a three-year commercial agreement with Solarfun Power Holdings Co., Ltd. (Nasdaq: SOLF).
Solarfun is a leading integrated global manufacturer of silicon ingots, wafers, solar cells and solar panels.
Innovalight manufactures a proprietary nanotechnology-based silicon ink and licenses a platform process which allows an upgrade to solar cell manufacturing production lines to boost performance of solar cells and lower production costs.
Solarfun recently announced plans to convert solar cell manufacturing capacity to higher efficiency products through the introduction of selective emitter technology. Solarfun will license a solar cell process and purchase silicon ink from Innovalight for the production of high efficiency solar cells on mono-crystalline silicon substrates.
"We are delighted with this partnership with Innovalight," said Dr. Peter Xie, president and chief executive officer of Solarfun. "We look forward to a long term relationship with Innovalight to help us cost-efficiently improve the performance of our products."
"Solarfun is a very important customer for Innovalight," said Conrad Burke, president and chief executive officer of Innovalight. "Solarfun is one of the largest and most successful vertically integrated solar producers in the world today," he added.
Source: http://www.solarfun-power.com/