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September 9th, 2003
Konarka Secures Solar Power Financing
Coming off the heals of a major U.S. Army contract, solar photovoltaic (PV) company Konarka Technologies has secured a revolving line of credit of up to US$2 million dollars from Silicon Valley Bank. Konarka employs nanotechnology and conducting polymers to provide a source of renewable power. Konarka's technology converts sunlight as well as indoor, artificial light into direct current electrical power. The company uses unique, proprietary low-temperature production methods to put the photovoltaic cells onto flexible, lightweight plastics.
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