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| November 03, 2009 |
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| EDV Co-Leads $8 Million Series A Financing for Ampulse |
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| Portfolio Company: Ampulse |
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Ampulse Raises $8 Million in Series A Funding to Develop Low-Cost, High-Efficiency, Flexible Form Factor, Crystalline-Silicon Thin-Film PV Solutions
GOLDEN, Colo.-- Ampulse Corporation, a developer and manufacturer of solar cell solutions based
on proprietary and patented crystalline-silicon (c-Si) thin-film technology,
today announced it has closed an $8 million Series A funding co-led by Globespan
Capital Partners and El Dorado Ventures, and joined by existing investors
Battelle Ventures and its affiliate fund, Innovation Valley Partners.
As a result of the funding, Daniel Leff of Globespan Capital Partners and Jeff
Hinck of El Dorado Ventures have joined Ampulse`s board of directors.
Ampulse`s technology blends the best efficiency properties of c-Si with the
attractive manufacturing costs and application flexibilities of emerging
thin-film photovoltaic (PV) technologies. Ampulse`s manufacturing process uses a
patented breakthrough technique to deposit c-Si on a flexible substrate, the
material of choice for PV applications.
"Ampulse has assembled a strong management team along with key strategic
partnerships with two renowned laboratories to develop a low-cost, high
efficiency, c-Si thin-film PV solution for the residential, commercial, and
utility-scale solar markets," said Daniel Leff, venture partner with Globespan
Capital Partners. "Additionally, I am delighted to serve on the board and
contribute to the success of a company whose solution is one of the most
disruptive I have ever seen in the solar market."
"The commitment from our new venture partners provides us the support that will
help us bring our innovative c-Si thin-film technology to market," said Steve
Hane, president and chief executive officer of Ampulse. "Through our research
partnerships with the National Renewable Energy Laboratory (NREL) and the Oak
Ridge National Laboratory (ORNL), Ampulse`s next-generation c-Si thin-film
technology will deliver a highly efficient and flexible form factor thin-film
solution with the lowest total system cost to address the needs of our
customers."
About Ampulse
Ampulse Corporation is a venture capital-backed company leveraging proprietary
and patented technology developed at the U.S. Department of Energy`s National
Renewal Energy Laboratory (NREL) and Oak Ridge National Laboratory (ORNL), and
focused on crystalline-silicon (c-Si) thin-film photovoltaic technology for the
solar marketplace. Founded in 2007, Ampulse was the first recipient of
Technology Commercialization Funding (TCF) from the Energy Efficiency and
Renewable Energy Agency of the United States Department of Energy (EERE/DOE).
For more information, please visit www.ampulse.com or call 1-877-AMPULSE. |
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