Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > ATEL Ventures Commits $5.0 Million in Equipment Lease Financing to Innovalight, Inc.

Abstract:
ATEL Ventures, a leading provider of secured financing to emerging growth companies, has announced that they have committed $5.0 million in equipment lease financing to Innovalight, Inc., a privately held company focused on making inexpensive, portable solar power systems using nanotechnology.

ATEL Ventures Commits $5.0 Million in Equipment Lease Financing to Innovalight, Inc.

SAN FRANCISCO, CA | Posted on July 7th, 2008

The Silicon Valley based company has earned accolades from TIME, Red Herring and proponents of clean, renewable energy for their innovative technology that allows thin-film solar power modules to be printed onto flexible surfaces.

Commenting on the transaction, Innovalight's director of finance, Christina Teng said, "We are thrilled to have the support and financing from ATEL Ventures. We look forward to working with them as we move into full scale commercial production to satisfy the burgeoning demand for solar technology."

"The market for alternative energy is witnessing an unprecedented shift as the economics of traditional energy sources continue to worsen," said Steven Rea, executive vice president at ATEL. "Innovalight's groundbreaking technology represents a tremendous opportunity for residential and commercial consumers as well as for investors such as ATEL."

####

About ATEL Ventures, Inc.
Since its founding in 1977, San Francisco-based ATEL Capital Group has become the largest private and closely-held independent leasing company in the United States, with approximately $2 billion in asset-secured transactions under management. ATEL Capital formed ATEL Ventures, Inc. to provide working capital and equipment financing term loans to emerging growth companies in information technology, life sciences, specialty retail and alternative energy. For information about ATEL Ventures, contact Steven Rea, executive vice president, or visit their website at www.atel.com/ventures.

About Innovalight, Inc.

Innovalight is focused on bringing ultra low-cost solar power modules to the marketplace. Innovalight is harnessing a proprietary silicon-ink process, developed by the company to print thin-film solar power modules. Leveraging the advantages of solvent-based processing, Innovalight will help accelerate the promise of more affordable solar power solutions for residential and commercial applications.

The Company was recognized as a 2006 Technology Pioneer winner at the 2006 Annual Meeting of the World Economic Forum held in Davos, Switzerland. The Company has been extensively profiled in Time Magazine, The Economist, Red Herring and other major news organizations as a technology leader crusading for new cleaner energy solutions.

Innovalight is an early-stage company and is based in the heart of Silicon Valley.

For more information, please click here

Contacts:
ATEL Ventures, Inc.
Steve Rea, 415-616-3436

Copyright © Business Wire 2008

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

Materials for the next generation of electronics and photovoltaics: MacArthur Fellow develops new uses for carbon nanotubes October 21st, 2014

Special UO microscope captures defects in nanotubes: University of Oregon chemists provide a detailed view of traps that disrupt energy flow, possibly pointing toward improved charge-carrying devices October 21st, 2014

Super stable garnet ceramics may be ideal for high-energy lithium batteries October 21st, 2014

Could I squeeze by you? Ames Laboratory scientists model molecular movement within narrow channels of mesoporous nanoparticles October 21st, 2014

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

7th Nanotechnology Festival, Exhibition Kicks Off Work in Iran October 7th, 2014

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014

SouthWest NanoTechnologies Inc. Announces $2.7 Million in New Financing to Fund Growth, Plant Expansion and Technical Personnel August 11th, 2014

Announcements

Special UO microscope captures defects in nanotubes: University of Oregon chemists provide a detailed view of traps that disrupt energy flow, possibly pointing toward improved charge-carrying devices October 21st, 2014

Super stable garnet ceramics may be ideal for high-energy lithium batteries October 21st, 2014

Could I squeeze by you? Ames Laboratory scientists model molecular movement within narrow channels of mesoporous nanoparticles October 21st, 2014

Detecting Cancer Earlier is Goal of Rutgers-Developed Medical Imaging Technology: Rare earth nanocrystals and infrared light can reveal small cancerous tumors and cardiovascular lesions October 21st, 2014

Energy

Could I squeeze by you? Ames Laboratory scientists model molecular movement within narrow channels of mesoporous nanoparticles October 21st, 2014

First Canada Excellence Research Chair gets $10 million from the federal government for oilsands research at the University of Calgary: Federal government announces prestigious research chair to study improving oil production efficiency October 19th, 2014

Magnetic mirrors enable new technologies by reflecting light in uncanny ways October 16th, 2014

Unique catalysts for hydrogen fuel cells synthesized in ordinary kitchen microwave oven October 14th, 2014

Solar/Photovoltaic

Magnetic mirrors enable new technologies by reflecting light in uncanny ways October 16th, 2014

Dyesol Signs Letter of Intent with Tata Steel October 13th, 2014

DNA nano-foundries cast custom-shaped metal nanoparticles: DNA's programmable assembly is leveraged to form precise 3D nanomaterials for disease detection, environmental testing, electronics and beyond October 10th, 2014

Over 100 European experts meet in Barcelona thanks to a COST Action coordinated from ICN2: The ISOS-7 Summit discusses the future of organic photovoltaic devices October 7th, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE