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NanoFlex Signs its First Commercial License Agreement with SolAero Technologies, a Global Leader in High Efficiency Solar Cells
NanoFlex Signs its First Commercial License Agreement with SolAero Technologies, a Global Leader in High Efficiency Solar Cells.
About this update from Nanoflex Power Corporation
[{"type":"text","content":"\n\n\n\nNanoFlex Signs its First Commercial License Agreement with SolAero Technologies, a Global Leader in High Efficiency Solar Cells\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nNanoFlex Signs its First Commercial License Agreement with SolAero Technologies, a Global Leader in High Efficiency Solar Cells\nPR Newswire\nSCOTTSDALE, Ariz., Feb. 7, 2017\n\n\n\nSCOTTSDALE, Ariz., Feb. 7, 2017 /PRNewswire/ -- NanoFlex Power Corporation (\"NanoFlex\") (OTCQB: OPVS), a developer of advanced solar technologies, today announced it has entered into a license agreement with SolAero Technologies Corporation, a global leader in high performance photovoltaics for space and terrestrial applications. For the last two years, NanoFlex and SolAero have partnered to validate NanoFlex's patented, non-destructive epitaxial lift-off (\"ND-ELO\") process and related technologies in SolAero's ultra-high efficiency solar cells.\n\n\n \n \n\n \nND-ELO technology has the potential to reduce compound semiconductor production costs by more than 40 percent by enabling reuse of the expensive wafer substrate. This breakthrough process technology was invented at the University of Michigan by Professor Steven Forrest's research team and has been further developed by NanoFlex. NanoFlex has the exclusive worldwide rights to license, sublicense, and bring its own products to market using this ND-ELO technology. In addition to reduced cost, NanoFlex's ND-ELO process enables very high performance solar cells in lightweight and flexible thin film form factors, providing reduced weight and improved design flexibility for demanding applications. These applications include not only satellites, but unmanned aerial vehicles, mobile military power, and other high performance aerospace and defense solutions. As well, ND-ELO offers exciting potential for commercial solar applications where thin film, high performance solar solutions fit unique requirements on buildings or in solar farms where real estate availability is limited.\n\nUnder the terms of the non-exclusive agreement, NanoFlex and SolAero will join...