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Sencera International beams in $5.2M for solar tech

December 5th, 2008

CHARLOTTE, NC – Sencera International Corp. says that by meeting a single junction silicon solar cell efficiency of 7 percent sunlight to electricity, it triggered a $5.2 million equity investment by the Quercus Trust and Michael Draper of Equinox Securitys.

“The combination of 7% efficient thin-film single-junction silicon cells and Sencera’s low capital cost Viper™ PECVD platform positions the company well from an economic perspective.

“The efficiency target was a critical milestone that demonstrates the viability of the Viper manufacturing platform for low cost solar panel production,“ said CEO Dr. Rusty Jewett.

Britt Weaver, Sencera’s CFO added, “Proceeds will be utilized to further accelerate the development of second generation tandem amorphous- microcrystalline solar cells with expected conversion efficiencies greater than 10 percent.

“Sencera is also in the process of raising additional capital in order to fully fund its first 35-Megawatt module factory in Charlotte, NC.”

Sencera was founded in 2003 as a plasma hardware company focused on the thin film transistor and integrated circuit industries.

In 2006, The company shifted focus to the emerging thin film solar energy industry. The following year, Sencera introduced The Viper PECVD manufacturing platform.

On the Web: www.sencera.com

 

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