Innovalight Signs Commercial Agreement With Solarfun

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19th October 2010, 06:23pm - Views: 1177





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MEDIA RELEASE PR41800


Innovalight Signs Commercial Agreement With Solarfun


SUNNYVALE, Calif., Oct. 19 /PRNewswire-AsiaNet/ --


    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.




    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 http://www.innovalight.com


    SOURCE: Innovalight, Inc.


    




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CONTACT: Paul Combs

             +86-21-3852-1533

             paul.combs@solarfun-power.com


             or Roger Hu (China)

             +86-158-1049-5326

             rhu@ChristensenIR.com

          

             both for Solarfun


             or Tim Turpin of SparkPR

             +1-415-244-9699

             tim@sparkpr.com

             for Innovalight



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