Sunovia Energy Technologies, Inc. and EPIR Technologies, Inc. Announce Expansion of R&D and Pilot Manufacturing Facility
SARASOTA, Fla., Aug. 25 /PRNewswire-FirstCall/ — Sunovia Energy Technologies, Inc. (OTC Bulletin Board: SUNV) and its partner, EPIR Technologies, Inc., announced today the expansion of their research and development and pilot production facilities in Bolinbrook, IL.
The facility expansion allows the partners to begin optimization of their high-efficiency, low-cost cadmium telluride on Silicon (CdTe/Si) concentrated photovoltaic devices. Once optimized, pilot-scale production will commence at the same facility.
The partners have also expanded their materials synthesis and device fabrication facility to 26,000 square feet including 4,000 square feet of clean-room laboratory space. The expanded facility also houses R&D and engineering staff, which has doubled over the past year.
EPIR Technologies is currently servicing more than 20 governmental contracts that represent more than $20 million, including contracts with the Department of Energy, Department of Defense and the Missile Defense Agency.
Sunovia and EPIR have partnered to commercialize a novel approach to photovoltaics that takes advantage of EPIR’s world-class expertise in growing high-quality, single-crystal layers of CdTe on silicon. By producing a very high efficiency CdTe/Si solar cell and concentrating the sunlight that strikes it up to 500 times its normal intensity, a significantly higher amount of electricity can be produced in a given area and at a lower cost than traditional photovoltaics.
Dr. Siva Sivananthan, founder and CEO of EPIR Technologies says, “This expanded laboratory and pilot production space will accelerate our already fast-paced R&D efforts. Both our facility expansion and R&D progress are at least 12 months ahead of schedule. In preparation for our first CdTe/Si product, we have designed this facility in a manner that will allow us to transition into pilot production using the same space and equipment. By basing our concentrator solar cells on silicon instead of germanium, as is the norm for the high efficiency III-V concentrator cells produced today, we can use production equipment that the integrated circuit industry has spent years and hundreds of millions, if not billions, of dollars optimizing.”
Carl Smith, Chairman and CEO of Sunovia, stated, “By leveraging the infrared materials and sensor expertise within EPIR Technologies, we have not only expedited the commercialization process for the high-efficiency solar wafers, but have done it at a drastically reduced development cost.” Smith added, “The solar modules that we are commercializing are among the most efficient in the world, and can be manufactured at a fraction of the cost of other solar cells. In addition to the solar wafers, EPIR has completed the expansion of its infrared manufacturing capabilities, which has allowed us to aggressively pursue additional customers on the night vision side of the business.”
About Sunovia Energy Technologies, Inc.
Sunovia(TM) Energy Technologies is a Sarasota, FL-based company that commercializes and markets products within the LED lighting, infrared, and solar markets that reduce carbon emissions and promote national security. Sunovia’s primary lines of business are advanced, cost-effective concentrated photovoltaic (CPV) and flat-panel solar systems that employ patented cadmium telluride (CdTe) solar cell and infrared (IR) technologies, and energy-efficient LED lighting products marketed under the EvoLucia(TM) brand. Sunovia has exclusive marketing rights to products produced by EPIR Technologies, Inc. for civilian and military night vision markets.
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 Spencer Abraham and former Under Secretary of Commerce Kenneth I. Juster.
Sunovia owns a significant equity interest in Illinois-based EPIR Technologies, Inc., a global leader in the field of IR sensors and IR imaging that has pioneered the commercialization of CdTe on Si and HgCdTe on Si photovoltaic products. EPIR’s collective infrared knowledge and experience is believed to exceed that of any company in the world. Its founder, Chairman and CEO Dr. Sivalingam Sivananthan, is the pioneer of HgCdTe growth by MBE and is a world-renowned leader in this technology.
EPIR holds the patent for growing CdTe directly on a Si readout integrated circuit, for which the company is developing a manufacturing capability with Congressional funding. Sunovia and EPIR have a network of close collaborative relationships, including the Army Research Laboratory, the National Renewable Energy Laboratory, the Night Vision Electronic Sensors Directorate, BAE Systems, and other laboratories around the world.
More information about the exclusive partnership between Sunovia and EPIR is available in Sunovia’s Securities and Exchange filings at www.sec.gov, or at the partners’ Web sites, www.sunoviaenergy.com and www.epir.com.
The Sunovia(TM) logo is a registered service mark of Sunovia Energy Technologies, Inc. in the United States and/or other countries. Sunovia Energy products and services and EvoLucia(TM) products and services are provided by Sunovia Energy Technologies, Inc.
Some of the statements made by Sunovia 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; development of new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technologies and systems to support new products and services; and attracting and retaining qualified management and other personnel. Additional information concerning these and other important factors can be found within Sunovia’s filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.
SOURCE Sunovia Energy Technologies, Inc.