The grant will reportedly be used to establish a pilot production facility to manufacture and commercialize the company's proprietary ink materials for the application of metallic conductor layers on thin silicon solar cells. The facility is expected to be operational in 90-120 days.
This Phase III funding, said Applied Nanotech Holdings, is part of the USD$57 million Xlerator program to support Small Business, develop manufacturing processes and scale production of advanced technologies. It said the Phase III program will focus on the transition of technology related to photovoltaic compatible inks successfully demonstrated during a Phase II research Program, into a pilot scale production.
It added that the funding provides a pathway to install the infrastructure needed for small capacity manufacturing of these highly specialized ink materials.
Furthermore, it said the availability of non-contact printable ink materials will enable next generation thin silicon cells to achieve volume production.
Dr. Zvi Yaniv, CEO of Applied Nanotech, Inc. commented: This Phase III grant will be a wonderful vehicle to help launch products for the fast-growing clean energy market. In addition to our previous recognition by R&D 100 for our copper ink, this grant is a wonderful validation of our nanoparticle ink technology."
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