Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > AQT and Intevac Enter into Business Agreement

Abstract:
Applied Quantum Technology (AQT), a leading developer of low-cost CIGS (copper-indium-gallium-diselenide) thin-film solar cells and Intevac (IVAC 13.77, -0.22, -1.58%), a leader in high-productivity manufacturing equipment today announced that they have completed a business agreement in which Intevac will provide AQT with equipment for its current and future production needs. This announcement coincides with AQT's latest funding news, which was released separately today.

AQT and Intevac Enter into Business Agreement

Santa Clara, CA | Posted on April 7th, 2010

Under the terms of this business agreement, Intevac will provide AQT and its manufacturing partners with manufacturing capacity for the production of AQT's CIGS cells. AQT plans to receive its first manufacturing system in the second quarter of this year at its new Silicon Valley R&D and production facility.

AQT has created a unique and highly scalable architecture to produce very low-cost drop-in replacements for conventional crystalline silicon cells utilizing Intevac's production-proven manufacturing platform and AQT's patented CIGS process technology.

"This agreement is an important milestone for Intevac as this tool will represent our first shipment in the solar industry," said Kevin Fairbairn, president and chief executive officer of Intevac. "By leveraging our proven high throughput lean manufacturing platform, Intevac enables the economic solution to AQT and the solar cell industry for conventional cell sizes. AQT is an important business partner and we are excited to begin a long term partnership as their manufacturing equipment supplier utilizing their CIGS process technology."

AQT's innovative approach to CIGS technology, dubbed CIGS 2.0, allows for continuous in-line manufacturing, which simplifies and streamlines the manufacturing process, resulting in the highest projected capital utilization efficiency in the industry, while dramatically reducing cell costs.

"This agreement with Intevac is a major step towards capitalizing on AQT's breakthrough CIGS 2.0 approach," said Michael Bartholomeusz, chief executive officer, AQT. "Our leverage-based business model depends on strategic partners like Intevac in order to address the three critical success factors required by the new PV market realities; scalability, aggressive cost reduction and continuous technical advancement. Intevac enables AQT to address our mission to achieve the highest cost/performance ratio of any solar cell manufacturer."

####

About Applied Quantum Technology
Founded in 2007, AQT (Applied Quantum Technology) deploys a proprietary process on proven manufacturing platforms to produce high-performance, low-cost CIGS thin-film solar cells. For more information, visit www.aqtsolar.com.

About Intevac
Intevac was founded in 1991 and has two businesses: Equipment and Intevac Photonics.

Equipment Business: We are a leader in the design, development and marketing of high-productivity lean manufacturing systems and have been producing Lean Thinking platforms since 1994. We are the leading supplier of magnetic media processing systems to the hard drive industry and offer high-productivity technology solutions to the photovoltaic and semiconductor industries.

Intevac Photonics: We are a leader in the development and manufacture of leading edge, high-sensitivity imaging products and vision systems, as well as table-top and handheld Raman instruments. Markets addressed include military, industrial, medical and scientific.

For more information call 408-986-9888, or visit the company's website at www.intevac.com.

For more information, please click here

Contacts:
Schwartz Communications
Miranda Coykendall
415-512-0770


Intevac
Jeff Andreson
408-986-9888
Chief Financial Officer

Copyright © Applied Quantum Technology

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

Particles from outer space are wreaking low-grade havoc on personal electronics February 19th, 2017

Liquid metal nano printing set to revolutionize electronics: Creating integrated circuits just atoms thick February 18th, 2017

Engineers shrink microscope to dime-sized device February 17th, 2017

Francis Alexander Named Deputy Director of Brookhaven Lab's Computational Science Initiative February 16th, 2017

Thin films

Dual-function nanorod LEDs could make multifunctional displays February 11th, 2017

NREL research pinpoints promise of polycrystalline perovskites February 8th, 2017

New material with ferroelectricity and ferromagnetism may lead to better computer memory December 21st, 2016

ANU invention to inspire new night-vision specs December 7th, 2016

Announcements

Particles from outer space are wreaking low-grade havoc on personal electronics February 19th, 2017

Liquid metal nano printing set to revolutionize electronics: Creating integrated circuits just atoms thick February 18th, 2017

Engineers shrink microscope to dime-sized device February 17th, 2017

Francis Alexander Named Deputy Director of Brookhaven Lab's Computational Science Initiative February 16th, 2017

Tools

Engineers shrink microscope to dime-sized device February 17th, 2017

Metamaterial: Mail armor inspires physicists: KIT researchers reverse hall coefficient -- medieval mail armor inspired development of metamaterial with novel properties February 15th, 2017

Cedars-Sinai, UCLA Scientists Use New ‘Blood Biopsies’ With Experimental Device to Speed Cancer Diagnosis and Predict Disease Spread: Leading-Edge Research Is Part of National Cancer Moonshot Initiative February 13th, 2017

Meta-lenses bring benchtop performance to small, hand-held spectrometer: Game-changing nanostructure-based lenses allow smaller devices, increased functionality February 9th, 2017

Alliances/Trade associations/Partnerships/Distributorships

Leti Coordinating Project to Adapt Obstacle-Detection Technology Used in Autonomous Cars for Portable and Wearable Systems: INSPEX to Combine Knowhow of Nine European Organizations to Create Portable and Wearable Spatial-Exploration Systems February 2nd, 2017

GLOBALFOUNDRIES Expands Partner Program to Speed Time-to-Market of FDX™ Solutions: Increased support affirms FDXcelerator™ Program’s vital role in promoting broader deployment of GLOBALFOUNDRIES’ FDX™ portfolio December 15th, 2016

Infrared instrumentation leader secures exclusive use of Vantablack coating December 5th, 2016

Leti and Grenoble Partners Demonstrate World’s 1st Qubit Device Fabricated in CMOS Process: Paper by Leti, Inac and University of Grenoble Alpes Published in Nature Communications November 28th, 2016

Solar/Photovoltaic

Material can turn sunlight, heat and movement into electricity -- all at once: Extracting energy from multiple sources could help power wearable technology February 9th, 2017

NREL research pinpoints promise of polycrystalline perovskites February 8th, 2017

A big nano boost for solar cells: Kyoto University and Osaka Gas effort doubles current efficiencies January 21st, 2017

Chemists Cook up New Nanomaterial and Imaging Method: Nanomaterials can store all kinds of things, including energy, drugs and other cargo January 19th, 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