FTL Solar Awarded Second $250,000 NYSERDA Development Grant
Posted on: Monday, 28 July 2008, 09:01 CDT
NEW YORK, July 28 /PRNewswire/ -- FTL Solar, the creator and leading developer of photovoltaic power technologies integrated within lightweight, flexible materials enabling portable, scaleable sources of energy and shelter, announced today that the Company has received a second $250,000 development grant from The New York State Energy Research and Development Authority (NYSERDA).
The funding will be used to accelerate development of PowerPark, (TM) a series of scalable parking structures featuring sustainable energy generation capabilities.
"Receiving the second NYSERDA grant means that the agency has awarded a total of $450,000 to FTL Solar -- and their support has helped accelerate our technology and product development," said Robert Lerner, FTL Solar's Co-Founder and Chief Technology Officer.
"The NYSERDA funding, together with the success of our Series A capital-raise, shows a tremendous amount of investor and governmental confidence in FTL Solar's technological innovation and market leadership," said Tony Saxton, CEO of FTL Solar. "PowerPark(TM) and our other products provide FTL Solar clients with structural and power generation solutions that are clean, sustainable and adaptable to every possible environment and mission."
ABOUT FTL SOLAR:
FTL Solar is the world's first creator of flexible, tensile structures integrated with thin film solar cells, which can be used for power-generation and shelter. FTL Solar is an independent spin-off of FTL Design Engineering Studio, founded in 1977 by Todd Dalland. In 1998, FTL Design Engineering Studio designed and produced the world's first tensile structure featuring thin film solar cell technologies. The Company enjoys a 30-year leadership position in the manufacture of tensile structures and has been the world's leading provider of flexible photovoltaic fabrics since 1998.
FTL licensed product designs have generated more than $2 billion dollars in sales. The Company has received over 50 design awards. FTL technologies have been featured on CNN, NBC Weekend Today, The Science Channel and The Discovery Channel. Discover how FTL Solar products generate power that is sustainable, secure and independent at: http://www.ftlsolar.com/
FTL Solar
CONTACT: Richard G. Harris, +1-646-469-9809, harris@momentumpenyc.com,for FTL Solar
Web site: http://www.ftlsolar.com/
Source: PRNewswire
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