Eight19 has recently demonstrated flexible, light-weight solar modules based on its proprietary low cost architecture, fabricated using its innovative roll-to-roll production process. Eight19’s technology provides affordable power for autonomous electronics and high-volume off-grid consumer and industrial applications. The company is working closely with a number of customers and partners to integrate OPV into their products and bring the technology to market.
“We are naturally delighted at the support shown by IP Group and our existing investors who share our view of the market potential for OPV and the strength of our proprietary technology,” Chris Harris, chairman of Eight19, said. “The additional financing will allow us to accelerate development of our manufacturing process technology, as well as to better support our customers by strengthening our commercial organization.”
“We are very impressed with the significant progress Eight19 has made in developing its proprietary production technology and in demonstrating excellent performance under low light conditions,” Robert Trezona, head of cleantech at IP Group, who will join the Board of the company, said. “Eight19’s technology has the ability to enable a range of new market opportunities in off-grid solar and energy harvesting applications.”