AccuStrata Signs Contract for Silicon Solar Cell

Source: Reuters 7/11/2011, Location: Asia

AccuStrata Inc., an award-winning company at University of Maryland Research Park, signed a key contract to improve performance and yields for a large crystalline silicon solar cell manufacturer in India. The deal represents AccuStrata's premier contract in Asia. "After successfully demonstrating our technology with U.S.-based manufacturers, we are now very excited to enter the global market and more broadly impact the solar industry," says Dr. J. Ari Tuchman, CEO of AccuStrata. AccuStrata's technology increases performance and manufacturing yields for solar manufacturers, improving energy per installation and reducing manufacturing costs.

"The AccuStrata platform improves solar conversion efficiencies by up to 20 percent depending on customer's manufacturing technology," says Dr. George Atanasoff, founder and CTO of AccuStrata. "Working with U.S. manufacturers, we have already demonstrated a remarkable 12 percent performance improvement for thin film solar panels and 5 percent improvement for crystalline silicon solar cells. We expect to provide even higher improvements for our customer in India." By increasing the efficiency of solar cells and panels at fixed cost, AccuStrata's platform technology reduces per-Watt manufacturing costs and also increases energy production, subsequently driving more revenue to manufacturers. "We aim to generate approximately $5 million in incremental revenue per manufacturing line for our customers and improve their margins by 50 percent," explains Tuchman. "This enables our customers to increase capacity and utilization and increase shipments, even in the face of reduced subsidies."

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