Sunovia Finalizes $33 Million Basic Order Agreement for Infrared Wafers Developed and Produced by EPIR Technologies
Through its partnership with EPIR Technologies, Inc., a world leader in the development and manufacture of infrared detectors, Sunovia has exclusive marketing rights to a growing line of infrared products for civilian and military night vision markets. Sunovia has filed the required applications with the Federal departments that govern the sale of infrared products and expects to receive the necessary export permit to begin shipping during the 3rd Quarter of 2009.
EPIR Technologies was founded in 1998 by Dr. Siva Sivananthan, Chairman and CEO of EPIR. Dr. Sivananthan is the pioneering architect of HgCdTe on Silicon, the infrared technology breakthrough that has revolutionized night vision. EPIR uses molecular beam epitaxy to produce state-of-the-art single and multiple element focal plane array infrared detectors, which are supplied with packaged detector/cooler assemblies.
“As a primary supplier of night vision technology to
“Our business plan has been to underwrite a significant portion of the solar system development costs with revenues from the sale of both proprietary infrared products and our proprietary LED lighting solutions,” Smith continued. “The successful commercialization of the infrared product lines by EPIR is a key milestone in the execution of this plan.”
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Sunovia(TM) Energy Technologies is a
Sunovia’s solar and LED lighting technologies are among the most cost and energy efficient in the world, and the Company’s research and development is dedicated to ensuring that Sunovia stays at the forefront of the renewable energy curve as markets expand and territories are defined. Sunovia is being advised by pre-eminent authorities in the field of renewable energy, including former Secretary of Energy
Sunovia owns a significant equity interest in
More information about the exclusive partnership between Sunovia and EPIR is available in the Sunovia’s Securities and Exchange filings at www.sec.gov, or at the companies’ websites, www.sunoviaenergy.com and www.epir.com.
The Sunovia(TM) logo is a registered service mark of Sunovia Energy Technologies, Inc. in
Some of the statements made by Sunovia Energy Technologies, Inc. in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Sunovia believes that its primary risk factors include, but are not limited to: development and maintenance of strategic acquisitions; domestic and international acceptance of our product lines; defending our intellectual property and proprietary rights; securing the necessary export permit from
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