Leading Photovoltaic Company Chooses NexTech FAS Equipment for Development of Solar Powered Devices
20 February 2008 - 12:00AM
Marketwired
AUSTIN, TX , are pleased to announce that a leading organic
photovoltaic (OPV) materials and process development company has
ordered an Advantage Extrusion Coating system for integration into
a pilot production line. This technology will be used for the
development of solar panels in an industry that is predicted to
grow to over $30 billion by 2012, according to industry analysts at
BCC Research.
NexTech FAS' Advantage Series coating systems, which are
typically used in the manufacturing of flat panel displays, have
now proven to be capable of very precisely coating complex OPV
materials, even at submicron thicknesses. This particular system,
which will be installed at the client's U.S.-based facility, will
include several custom features to specifically accommodate the
client's proprietary process and materials and is designed to work
in a fully automated and controlled environment. In addition to
this order, NexTech FAS has already received significant interest
from other players in the photovoltaic market to implement NexTech
FAS' know-how, technology and ability to develop custom solutions
for companies in this industry.
"Photovoltaic is an industry our company has been doing
significant research in and is part of our near and long term
marketing focus. It is the fastest growing renewable energy segment
and given the rising cost of fossil fuel and other traditional
energy sources, it has seen intensified venture investment over the
last couple of years reaching about $2.6 billion in 2007," said
president and CEO of NexTech FAS, Tony DiNapoli.
"Our extrusion coating technology has proven to be a great
solution for depositing layers of organic photovoltaic materials in
a very cost effective manner. Not only is there essentially no
material waste, which in some cases is very expensive, but the
equipment is also economical when compared to vapor deposition
tools and other coating methods. We foresee photovoltaics to be a
significant part of our business going forward," continued
DiNapoli.
About NFJV, LLC
NFJV, LLC, doing business as "NexTech FAS", is the operating
company of NexTech Solutions, Inc. and FAS Holdings Group, LLC.
NexTech FAS is a Delaware limited liability company, headquartered
in Austin, Texas, with facilities in Dallas and Tokyo. The company
is widely recognized in the industry for the development of digital
fluid dispensing and a patented extrusion coating (spinless
coating) technology known as "FAS-Coat," which has become the
de-facto standard in the coating processes used in the manufacture
of flat panel displays (FPDs). The company also delivers advanced
metrology and automation solutions, and is the first to deliver a
turn-key solution for manufacturing lines in both the semiconductor
and FPD industries. NexTech FAS' stock is quoted on the Pink Sheets
under the symbol NXSL. For more information, visit:
http://www.nextechfas.com.
Forward-Looking Statements
This release may include forward-looking statements that involve
risks and uncertainties. Any forward-looking statements and all
other statements that may be made in this news release that are not
historical facts are subject to a number of risks and
uncertainties, and actual results may differ materially. Specific
risks include delays in new product development, product
performance and quality issues and the acceptance of our current
and new products by the FPD and semiconductor markets.
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Investor and Public Relations Contact: Mercom Capital Group, LLC
1-512-215-4452 Email Contact
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