Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Mentarix, Delivering Higher Solar Panel Efficiency, Receives First Round of Financing from BAF Spectrum, Singapore

Abstract:
Technology to Increase Solar Panel Efficiency by 20% Through Quantum Dot Nanotechnology

Mentarix, Delivering Higher Solar Panel Efficiency, Receives First Round of Financing from BAF Spectrum, Singapore

Singapore | Posted on June 4th, 2008

Singapore-based seed fund BAF Spectrum Pte Ltd today announced taking a 30 percent stake in Mentarix Pte Ltd, a Singapore-based solar photovoltaic component startup. The investment reflects BAF Spectrum's strategy to invest in early-stage clean technology companies that provide new and innovative solutions.

By utilizing quantum dot nanotechnology and photonic technology, Mentarix plans to design and manufacture products that can increase solar photovoltaic cell operating efficiency by at least 20% from their relative baseline. The technology is applicable to both traditional crystalline silicon cells as well as thin film cells based on cadmium telluride/cadmium sulfide (CdTe/CdS), copper indium gallium selenide (CIGS) and amorphous silicon.

The products will come in the form of a thin film that is attached on to the existing solar cells to change the incoming sunlight characteristics that is more easily absorbed by the existing solar panels.

Mentarix has a strong founder team with proven track records in delivering large-scale infrastructure projects. The company is working with the Nanyang Polytechnic in Singapore where a team of experts from both Singapore and abroad will assist in developing and commercializing the products.

Investment lead and Managing Director of BAF Spectrum, Mr. Francis Chua commented: "For the coming years, we want to aggressively fund technology companies that can increase the viability of alternative energy." Mentarix is the second company in the field of clean technologies funded by BAF Spectrum. Anacle Systems, an energy-profiling software company, received its first round of financing from the fund last year. "We believe in the technology of Mentarix and also the talents behind these proprietary solar photovoltaic efficiency enhancement products." added Mr., Chua who will take a seat on the Mentarix Board of Directors.

"BAF Spectrum shares our long-term vision in building a vertical solar-hydrogen industry business to power the world energy need. I admire their commitment and willingness to take risk at the current prototyping stage. Our current alliance and good working relationship with BAF Spectrum will help us realize our common dream of a solar-hydrogen economy", said Mr. Chee Khar Chit, Founder and CEO of Mentarix.

Mr. Francis Chua added: "I am heartened and encouraged to note that Mr. Chee Khar Chit is giving up a well-paying job in Malaysia to relocate to Singapore to start this project on a full-time basis. The Singapore government's recent financial incentives and the existing eco-infrastructure to nurture start-up technology companies through SPRING and other agencies are clearly important pull factors."

The market size for the efficiency enhancement component industry is forecasted to be Euro 500 million by 2020. With the current urgency in finding an economical alternative energy source, solar power companies worldwide are striving to deliver lower cost & higher efficiency solutions. Both industry and governments play critical roles in shaping the success of mass deployment of solar power. Technologies enabling higher efficiency and lower cost solar electric generation are crucial components to realize this goal. Mentarix aims to deliver a series of products improving the operating efficiency of any photovoltaic cell with minimum disruption to their existing production process. Mentarix has removed the need to equip the system with any extra mechanical structures. The photovoltaic efficiency enhancement component market is currently a green field segment in the solar energy industry of which Mentarix will be working towards taking significant market share with its first mover advantage.

####

About Mentarix Pte Ltd
Mentarix Pte Ltd is a Singapore-based start-up that aims to manufacture innovative components for photovoltaic cell efficiency enhancement. Their products are based on nanotechnology.

About BAF Spectrum Pte Ltd

BAF Spectrum invests in fast-growing and highly scalable Asian companies with a world market potential. The Singapore-based fund has committed more than US $14 million for early-stage ventures; partly financed through the Business Angel Scheme (BAS) operated by SPRING SEEDS Capital Pte Ltd, a government-linked agency. Spectrum’s seven executive directors from Asia and Europe represent an unusually wide cross-section of business experience.

The other seven companies in BAF Spectrum’s portfolio are:

• Mozat Pte Ltd – a provider of powerful mobile applications to deliver state-of-the-art communication and social networking functionality to the mobile phone. (www.mozat.com)

• Sky Travel.com Pte Ltd – a provider of ERP & MIS software solutions for Chinese travel agencies. (www.t995.com)

• Anacle Systems Pte Ltd – a developer of innovative cleantech solutions for asset and energy management (www.anacle.com)

• HealthTrends Medical Investments Pte Ltd – a regional enterprise providing medical, aesthetic, and wellness services to both the sick and the healthy (www.healthtrends.com.sg)

• UeeeU.com Pte Ltd – a digital commerce platform and travel portal for Chinese travelers. (www.ueeeu.com)

• Le Travenues Technology Pte Ltd ( iXiGo.com) - India’s fastest growing online and mobile travel search engine. (www.ixigo.com)

• Progeniq Pte Ltd - a leader in reconfigurable computing applications for High Performance Computing with a current focus on biotechnology and animations. (www.progeniq.com)

For more information about BAF Spectrum, please visit www.bafspectrum.com.

For more information, please click here

Contacts:
Ms Jenny Law
Business Development Manager
BAF Spectrum Pte Ltd
Phone: +65 6238 8651

Mr. Chee Khar Chit
CEO
Mentarix Pte Ltd
Phone: +60 1620 20424

Copyright © Mentarix Pte Ltd

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Freeze-dried foam soaks up carbon dioxide: Rice University scientists lead effort to make novel 3-D material August 16th, 2017

Gold shines through properties of nano biosensors: Researchers discover that fluorescence in ligand-protected gold nanoclusters is an intrinsic property of the gold particles themselves August 16th, 2017

Two Scientists Receive Grants to Develop New Materials: Chad Mirkin and Monica Olvera de la Cruz recognized by Sherman Fairchild Foundation August 16th, 2017

Scientists from the University of Manchester and Diamond Light Source work with Deben to develop and test a new compression stage to study irradiated graphite at elevated temperatures August 15th, 2017

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

180 Degree Capital Corp. Appoints Investment Banking Veteran Parker Weil to Its Board of Directors August 2nd, 2017

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Caught on camera -- chemical reactions 'filmed' at the single-molecule level March 22nd, 2017

Announcements

Freeze-dried foam soaks up carbon dioxide: Rice University scientists lead effort to make novel 3-D material August 16th, 2017

Gold shines through properties of nano biosensors: Researchers discover that fluorescence in ligand-protected gold nanoclusters is an intrinsic property of the gold particles themselves August 16th, 2017

Two Scientists Receive Grants to Develop New Materials: Chad Mirkin and Monica Olvera de la Cruz recognized by Sherman Fairchild Foundation August 16th, 2017

Scientists from the University of Manchester and Diamond Light Source work with Deben to develop and test a new compression stage to study irradiated graphite at elevated temperatures August 15th, 2017

Energy

Freeze-dried foam soaks up carbon dioxide: Rice University scientists lead effort to make novel 3-D material August 16th, 2017

Two Scientists Receive Grants to Develop New Materials: Chad Mirkin and Monica Olvera de la Cruz recognized by Sherman Fairchild Foundation August 16th, 2017

Fewer defects from a 2-D approach August 15th, 2017

2-faced 2-D material is a first at Rice: Rice University materials scientists create flat sandwich of sulfur, molybdenum and selenium August 14th, 2017

Quantum Dots/Rods

New approach on research and design for CQD catalysts in World Scientific NANO August 2nd, 2017

Coupling a nano-trumpet with a quantum dot enables precise position determination July 14th, 2017

Graphene and quantum dots put in motion a CMOS-integrated camera that can see the invisible May 29th, 2017

The brighter side of twisted polymers: Conjugated polymers designed with a twist produce tiny, brightly fluorescent particles with broad applications May 16th, 2017

Solar/Photovoltaic

Fewer defects from a 2-D approach August 15th, 2017

Controlled manipulation: Scientists at FAU are investigating the properties of hybrid systems consisting of carbon nanostructures and a dye August 8th, 2017

Simultaneous Design and Nanomanufacturing Speeds Up Fabrication: Method enhances broadband light absorption in solar cells August 5th, 2017

Atomic movies may help explain why perovskite solar cells are more efficient: SLAC's ultrafast 'electron camera' captures surprising atomic motions in these next-generation materials July 28th, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project