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
SOURCE: Innovalight, Inc.
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
Translations:
NEWS 
