Bandgap finalizes world-wide exclusive license to core technology with Los Alamos National Laboratory
Waltham, MA – June 21, 2008 – Bandgap Engineering, Inc., a start-up developing ultra-high efficiency solar cells based on silicon, today announced it has finalized a world-wide exclusive license to a core building block of its technology with Los Alamos National Laboratory (LANL). Dr. Marcie Black, Bandgap co-founder and chief technology officer worked on the technology when she was employed at LANL as a technical staff member.
"This technology represents the potential to break through the single band gap limit of traditional solar cells and could enable Bandgap to create cells with conversion efficiency 40% or higher vs. 15-22% in the industry currently," said Dr. Marcie Black, co-founder and chief technology officer of Bandgap. "The license with Los Alamos will help Bandgap achieve our company goal: to bring solar energy to grid parity."
About Bandgap Engineering, Inc.
Bandgap’s mission is to bring solar energy to grid parity by engineering high efficiency silicon-based photovoltaic cells using proprietary, low cost nanotechnology. Founded in 2007, the company is venture-backed by New Enterprise Associates, Sumitomo Corporation and the Massachusetts Green Energy Fund and based in Waltham, MA. For more information, visit the Bandgap web site at www.bandgap.com.
For additional information please contact:
Chris Hobson
Bandgap Engineering, Inc.
781.902.0310
Bandgap Engineering, Inc.
