News

21 August 2008

 

Solar Thin Films signs alliance and cross-license agreement with Amelio

Solar Thin Films Inc of Dix Hills, NY, USA, which provides equipment for manufacturing thin-film amorphous silicon (a-Si) photovoltaic modules, has entered into a strategic alliance and cross-license agreement with Amelio Solar Inc of Ewing, NJ, which provides thin-film photovoltaic (PV) modules and facilities.

Solar Thin Films will sell photovoltaic products using copper indium gallium diselenide (CIGS) technology developed and commercialized by Amelio Solar, and has rights to make PV module manufacturing equipment using CIGS technology, subject to certain terms and agreements.

The firm has also signed a purchase agreement for the sale of 18 million shares of common stock owned by the Kiss family. The strategic alliance, cross license and stock purchase agreements are expected to close simultaneously on or about 30 November, coincident with a capital markets transaction being contemplated by the firm.

“As the solar industry continues to shift toward thin-film photovoltaic applications, the technology will continue to evolve,” says CEO Peter Lewis. “Our expertise lies in the process know-how required to produce a complete line of manufacturing equipment for the production of thin-film amorphous silicon modules,” he notes. “We believe that amorphous silicon offers cost advantages over other commercially viable thin-film materials available in the market. At the same time, we want to prepare for the emergence of other cost-effective thin-film technologies, including CIGS and micro-crystalline, by forming partnerships with companies like Amelio Solar and through our own research and development activities… our plan is to position Solar Thin Film to utilize other thin-film materials as the industry evolves.”

“Since 2005 we have been working closely with Amelio Solar on developing thin-film CIGS technology,” Lewis continues. “We continue to expand the company’s technology portfolio without diverting our attention from the many opportunities available to us to expand our share of the amorphous silicon market. Having access to CIGS technology is an important addition to our capability,” he concludes.

See related items:

Solar Thin Films to establish a-Si solar module plant

Thin film to take 28% of PV market by 2012

Thin-film solar market to reach 9GW in 2012

Solar Thin Films collaborates with RESI to develop CIGS PV manufacturing equipment

Search: Amorphous silicon photovoltaic modules CIGS

Visit: www.solarthinfilms.com

Visit: www.ameliosolar.com