Solar Thin Films Signs Cross License Agreement With Amelio Solar
Posted on: Friday, 22 August 2008, 03:00 CDT
Solar Thin Films, a developer, manufacturer and marketer of manufacturing equipment for the production of thin-film amorphous silicon photovoltaic modules, has entered into a strategic alliance and cross license agreement with Amelio Solar.
Pursuant to the agreement, Solar Thin Films will market and sell photovoltaic (PV) products using copper indium gallium diselenide (CIGS) technology developed and commercialized by Amelio Solar, and has rights to manufacture PV module manufacturing equipment using CIGS technology subject to certain terms and agreements.
Concurrent with the strategic alliance and cross license agreement, the company has signed a stock purchase agreement to arrange for the sale of an aggregate of 18 million shares of common stock owned by the Kiss family.
The strategic alliance, cross license and stock purchase agreements are expected to close simultaneously on or about November 30, 2008 coincident with a capital markets transaction currently contemplated by the company.
Peter Lewis, CEO of Solar Thin Films, said: "As the solar industry continues to shift toward thin-film PV applications, the technology will continue to evolve. Today our expertise lies in the process know-how required to produce a complete line of manufacturing equipment for the production of thin-film amorphous silicon modules."
Source: Datamonitor
Related Articles
- Elusive 'Hot' Electrons Captured In Ultra-Thin Solar Cells
- Pace Global, Standard Solar Form Strategic Alliance to Deliver Solar Energy Systems to Commercial, Academic and Government Markets
- Atmel and ARM Expand Strategic Relationship With Subscription License Agreement
- New Generation Biofuels Announces Agreement to Replace Upcoming $1.0 Million Licensing Payment with Common Stock
- G &Amp; S Minerals and Mayan Gold, Inc Successfully Close Milestone Strategic Cross Investment and Gold Field Development Agreement
- G &Amp; S Minerals and Mayan Gold Announce Agreement in Principle for Strategic Cross-Investment and Gold Field Development
- Genesis Worldwide Inc. Enters Into Strategic Multi-Million Dollar Licensing Agreement
- IFPI Announces Major Step Forward in Cross-Border Music Licensing
- OpSource Selected to Present 'SaaS Challenges & Answers' at SLAM 2005: Sales, Licensing, Alliances & Marketing for Software Companies
- BackWeb Completes Expanded Multi-Year Agreement With F-Secure; Long-Term Licensing Agreement Extends Strategic Relationship Initiated in 2000
 |
 |
User Comments (0)
RSS Feeds