Published: August 20, 2010
Silicon Solar Solutions Invited to Close NASDAQ
FAYETTEVILLE, Ark. - (BUSINESS WIRE) - Silicon
Solar Solutions, an R&D company with a strong patent portfolio
focused on silicon based photovoltaic devices, will ring the closing
bell at NASDAQ on Friday, August 20th. Silicon Solar
Solutions is commercializing a technology to create large grain
polysilicon that can reduce the cost of solar cells by 26%, or $0.42 per
watt. The fully in-line process reduces the labor requirements
significantly when compared to traditional processing which enables cost
competitive local manufacturing. Closing the NASDAQ is part of winning
the Stuart Clark Venture Challenge and will be broadcast onto the NASDAQ
tower overlooking Times Square. All of the company's employees will be
in attendance in addition to representatives from the University
of Arkansas, the Arkansas
Economic Development Commission, Innovate
Arkansas, Green
Valley Development, and private investors.
Steve Rust, president and CEO of Green Valley Development said, "We are
proud to be associated with such forward thinkers for the Arkansas
economy. Silicon Solar Solutions is an extraordinary local company that
fits our mission to attract the world's best sustainability innovators,
grow local companies, recruit new companies and technologies and then
coordinate just in time delivery of the capital, resources, and services
needed for a Green Valley company to excel in the world market."
The startup Silicon Solar Solutions has competed in eight international
competitions in the last six months and placed top three in each,
including winning two international competitions in a single weekend.
The company took first place at the DOE Sponsored Oak Ridge National
Labs Global Venture Challenge, the Stewart Clark Venture Challenge and
the Licensing Executives Society Business Plan Competition. These wins
also provided entry into the Moot Corp Competition which is the most
prestigious business plan competition in the world, where the team took
third place. Silicon Solar Solutions was founded by PhD student Douglas
Hutchings and MBA students Ben Allen and Adam Perkins in December of
2008. The company has grown to include ten people in various capacities.
In addition to the student competitions, Silicon Solar Solutions has
shown that it can compete with the best in the world. The company is
currently the only Arkansas-based startup to be a finalist in the
MassChallenge and a semi-finalist in the CleanTech Open, which are open
to any venture in the world. These business launching competitions pair
startups with industry experts, legal advisors, and funding
opportunities in addition to the chance to win hundreds of thousands in
cash and services. Silicon Solar Solutions continues to build on prior
success with the goal of bringing competitive solar manufacturing to
Arkansas.
Silicon Solar Solutions also licenses core intellectual property to
existing solar manufacturers. Our mission is to develop and
commercialize state-of-the-art photovoltaic research for the express
purpose of helping to address the global energy crisis. Silicon Solar
Solutions patented processes will produce the most cost effective solar
energy solution making us a leader in the area of photovoltaic devices
with an emphasis on low cost, high conversion efficiency solar cells.
About Silicon Solar Solutions
Silicon Solar Solutions (www.siliconsolarsolutions.com)
provides a low cost method for manufacturing silicon-based solar cells
and thin-film modules. Our proprietary process for creating large grain
polysilicon increases conversion efficiency while eliminating costly
processing steps and minimizing labor requirements. The technologies
developed by Silicon Solar Solutions utilize abundant, non-toxic,
materials that minimize negative environmental impact and are easily
recyclable. Our goal is to enable competitive solar manufacturing
regardless of geographic location.
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Silicon Solar Solutions
Douglas Hutchings, CEO, 1-501-339-1110
doug@siliconsolarsolutions.com
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