SUNNYVALE, Calif., Oct. 19 /PRNewswire/ -- 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.
About Solarfun
Solarfun Power Holdings Ltd. (NASDAQ: SOLF) is a leading
manufacturer of solar PV cells and modules in China, focusing on delivering high quality and
reliable products at competitive prices. Solarfun produces its
monocrystaline and multicrystaline products at its internationally
certified, vertically-integrated manufacturing facilities. Solarfun
partners with third-party distributors, OEM manufacturers, and
system integrators to sell its modules into large-scale utility,
commercial and governmental, and residential/small commercial
markets. Solarfun maintains a strong global presence with local
staff throughout Europe,
North America, and Asia. Solarfun embraces environmental
responsibility and sustainability by taking an active role in the
photovoltaic cycle voluntary recycling program.
For more information, visit: www.solarfun-power.com
About Innovalight
Innovalight is based in Sunnyvale,
California. The company manufactures silicon ink and
licenses a proprietary process technology to solar cell
manufacturing companies. Innovalight is venture capital backed and
has received additional development funds from the U.S. Dept. of
Energy. For more information, visit www.innovalight.com
SOURCE Innovalight, Inc.
Copyright . 19 PR Newswire