Lexington, MA – August 24, 2011 – 1366 Technologies today announced it has named Rick Tattersfield Chief Operating Officer.  Mr. Tattersfield will be responsible for implementing the supply chain and business processes that will take 1366’s Direct Wafer technology from first generation to commercialization, as well as building and operating the company’s two future manufacturing facilities.

“Rick is not only a solar industry veteran, he’s also an extremely versatile executive with an acute understanding of what’s required to scale technologies like ours and develop the supply chain structure to support them,” said Frank van Mierlo, CEO. “His prior successes in these areas make him the ideal choice to lead our business processes as we ready for our next growth phase.”

Before joining 1366, Rick held senior roles at GT Solar, now GT Advanced Technologies, where he most recently served as VP and General Manager of the company’s Sapphire equipment product line – Sapphire is the main material used to make LEDs – where he built the team and developed the road map for the company’s fastest growing business. Before that role he was VP and General Manager of GT Solar’s PV Equipment Division and VP of the company’s Global Operations. During his tenure, the company accelerated its operations capability from making just a few machines a month to several each day, expanded its supply chain and service capabilities, and opened facilities in Shanghai and Hong Kong. His prior experience includes operational roles at industrial manufacturer, Illinois Tool Works (ITW), Instron, and IST GmbH. Rick received his BSc from The Royal Navy Engineering College and his MSc from Cranfield University, where he also completed a Fellowship in Manufacturing Management.

“For solar to truly succeed as a viable alternative to fossil fuels, we need a technology like 1366’s Direct Wafer. It’s the right approach to achieving a significant impact as it avoids the complexity and waste associated with batch processes,” said Tattersfield. “I believe that the 1366 team is the team that will help the solar industry realize its promise and move us all toward a brighter future. I couldn’t be happier to be a part of it.”

About 1366 Technologies

1366 Technologies eliminates the cost and production challenges that have hampered solar power’s ability to replace fossil fuels.  The company combines breakthrough innovations in silicon cell architecture with lean manufacturing processes to make the world’s most cost effective and commercially viable high efficiency solar cells. Developed by a veteran team of scientists, engineers and entrepreneurs, including MIT professor and photovoltaic industry expert Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost tradeoff of photovoltaics. 1366 Technologies is headquartered in Lexington, MA. For more information, please visit www.1366tech.com.

# # #

Contact:

Sarah Hurley

Greenough Communications

(617) 275-6527

Shurley@greenoughcom.com

“As governments around the world push the commercial development of renewable energy and carbon-reducing technologies, the DOE loan guarantee program is critical to keeping U.S. manufacturing competitive and thriving,” said Frank van Mierlo. “With this loan, 1366 will realize its goal to make solar energy as cheap as coal while helping the U.S. to reclaim a key part of the silicon supply chain and restore the nation’s dominance in photovoltaics.”

The loan will play a critical role in the company’s expansion – creating two facilities and hundreds of jobs. The first commercial facility, located in the company’s home state of Massachusetts, is scheduled to be fully operational by 2013 and will produce 20 megawatts per year of capacity, employ 100 people and further New England’s role as a clean energy center. Construction on a second, larger, 1,000 megawatt facility is scheduled to commence in 2013 and create 300 permanent positions. The location of the second U.S. facility has not been decided.

Since its founding in 2008, 1366 Technologies has raised $46 million from equity investors which has helped the company bring its transformative Direct Wafer technology into production. Direct Wafer technology forms a 156mm multi-crystalline wafer directly from molten silicon. This is in stark contrast to standard wafer manufacturing which involves a multi-step, batch process of ingot casting, blocking, squaring, and sawing that wastes up to 50% of the high-value silicon. By using standard silicon and producing industry compatible wafers, Direct Wafer integrates into the existing silicon photovoltaics’ supply chain, providing cost savings to cell customers without added complexity.

In October 2009, 1366 received a $4 million grant from the DOE’s Advanced Research Projects Agency (ARPA-E) to support the development of the Direct Wafer technology. “This has always been about creating a transformational technology, one that will allow solar to become a real part of our energy supply,” continued van Mierlo.  “With the support of our private investors and the DOE, we’re now approaching the manufacturing stage and closer than ever to realizing the promise of our technology.”

About 1366 Technologies

1366 Technologies’ eliminates the cost and production challenges that have hampered solar power’s ability to replace fossil fuels.  The company combines breakthrough innovations in silicon cell architecture with lean manufacturing processes to make the world’s most cost effective and commercially viable high efficiency solar cells. Developed by a veteran team of scientists, engineers and entrepreneurs, including MIT professor and photovoltaic industry expert Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost tradeoff of photovoltaics. 1366 Technologies is headquartered in Lexington, MA. For more information, please visit www.1366tech.com.

Lexington, MA – October 19, 2010 – 1366 Technologies, whose innovative approaches to solar manufacturing have the potential to halve the cost of solar energy, announced today the close of a $20 million Series B financing bringing the Company’s total amount raised to $37.55 million. Korea’s Hanwha Chemical and Ventizz Capital Fund IV L.P., one of Europe’s leading clean technology investors, join return investors North Bridge Venture Partners and Polaris Venture Partners in backing the company. The new round will enable 1366 to take its revolutionary Direct Wafer technology into production, a milestone the company will achieve well in advance of its original plan.

“During the past two years, we have kept our cash position strong and focused on solving the key manufacturing challenges in silicon photovoltaics,” said Frank van Mierlo, CEO, 1366 Technologies. “We’ve managed expectations and steadily built our credibility. Now, with this investment, we’re moving towards manufacturing. Our goal is to bring our transformative Direct Wafer technology into production and deliver the manufacturing innovations that will make solar electricity cheaper than coal.”

1366’s Direct Wafer technology forms a 156mm multi-crystalline wafer directly from molten silicon in a semi-continuous, capital- and silicon-efficient process. This is in stark contrast to standard multi-crystalline wafer manufacturing which involves a multi-step, batch process of ingot casting, blocking, squaring, and sawing that wastes up to 50% of the high-value silicon. By using standard silicon feedstocks and producing compatible wafers, Direct Wafer integrates into the existing silicon photovoltaics’ supply chain, providing cost savings to cell customers without added complexity. The Company’s rapid progress during the last year was triggered by a $4 million grant the company received from the Department of Energy’s ARPA-E program in December of 2009.

In addition to its investment role, Hanwha Chemical, which just recently acquired China’s SolarFun, is also planning to be a 1366 Direct Wafer customer. “Hanwha is constantly seeking to reinvent the way we deliver solar energy to the world in a more efficient and truly sustainable manner,” said Ki-joon Hong, CEO of Hanwha Chemical and head of Hanwha’s Solar Business Unit. “Our partnership with 1366 marks a critical step in our common commitment to provide innovative solutions for high quality solar energy at a time when the world demand for solar power is rising steeply and governments are taking aggressive steps to cut carbon emissions.”

“1366’s philosophy is in line with our own: renewable energy technologies must be developed in a manner that avoids lengthy times to market and uncertain demand,” said Björn Söndgerath, Managing Partner, Ventizz Private Equity AG which exclusively advises Ventizz Capital Fund IV L.P. “By focusing on the existing silicon solar supply chain, 1366 has eliminated the now common concerns associated with other approaches – significant capital investment and a prolonged horizon. We’re excited to join their other investors and have every confidence that 1366’s innovations will fundamentally change solar manufacturing”

“For us, one of the most obvious benefits to 1366’s approach to silicon photovoltaics is that it doesn’t require heavy investment,” said Carmichael Roberts, Partner, North Bridge Venture Partners. “Relative to other transformative renewable energy technologies, the company’s business model is not capital intensive. By focusing on high-value manufacturing technologies that increase cell efficiencies and reduce processing costs, 1366 has created an incredibly attractive value proposition. Their promise is exceptional and North Bridge is proud to name them among its portfolio companies.”
For the past year, 1366 Technologies has been actively selling its Self-Aligned Cell, a technology exclusively licensed by MIT, which features innovative cell texturing and fine-line metallization to deliver higher efficiencies for cell manufacturers.

About 1366 Technologies
1366 Technologies’ eliminates the cost and production challenges that have hampered solar power’s ability to replace fossil fuels. The company combines breakthrough innovations in silicon cell architecture with lean manufacturing processes to make the world’s most cost effective and commercially viable high efficiency solar cells. Developed by a veteran team of scientists, engineers and entrepreneurs, including MIT professor and photovoltaic industry expert Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost tradeoff of photovoltaics. 1366 Technologies is headquartered in Lexington, MA. For more information, please visit www.1366tech.com.

Contact:
Craig Lund
1366 Technologies
Vice President of Business Development
781-861-1611 x204
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Laureen McGowan Sanderson
Greenough Communications
(617) 275-6515
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Lexington, MA – March 22, 2010 – 1366 Technologies, a silicon photovoltaics (PV) equipment company, today announced it has partnered with RENA, the PV market leader in wet processing, to incorporate 1366’s Self-Aligned Cell technology into a complete cell production process. The new high-efficiency silicon cell process will integrate 1366’s proprietary structured patterning technology with RENA’s wet processing technology.

“Integrating 1366 Technologies into our existing process clusters will provide customers with higher-performing cells,” said Hartmut Nussbaumer, managing director of RENA. RENA’s current product line includes the market-leading InTex wet processing system for texturing wafers.

The addition of 1366’s proprietary honeycomb-structured texture to the cell production process will yield a significant improvement in absolute cell efficiency. The texture can be used on both mono-crystalline and multi-crystalline wafers, giving cell manufacturers previously unattainable flexibility.

“RENA is one of the leading PV technology companies in the world. This partnership validates the effectiveness of our Self-Aligned Cell technology, opens up new sales channels for us and dramatically compresses our time to market,” said Frank van Mierlo, president of 1366 Technologies.

About RENA
RENA GmbH is the world-market leader for wet chemical applications for the photovoltaic and semiconductor industries, as well as in electroplating and medical technology. RENA is a sought-after partner in the industry and continues to pursue the development of global plant standards. RENA’s engineering and manufacturing facilities are located in Germany. Global sales and service offices are located throughout Europe, North America, China, Japan and APAC. For more information, please visit rena.com

About 1366 Technologies
1366 Technologies combines breakthrough innovations in silicon cell architecture with lean manufacturing processes to enable the world’s most cost effective high efficiency silicon solar cells. Developed by a veteran team of scientists, engineers and entrepreneurs, including MIT professor and photovoltaic industry expert Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost tradeoff of photovoltaics. 1366 Technologies is headquartered in Lexington, MA.

Contact:
Craig Lund
1366 Technologies
Director of Business Development
(781) 861-1611 ext. 204
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Laureen McGowan Sanderson
Greenough Communications
(617) 275-6515
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“1366 has an impressive team and high-impact technologies that could help jumpstart solar manufacturing in the US,” said Langmo. “I look forward to working with 1366 as the company grows and rapidly commercializes its new technologies.”

Reidar Langmo has over a decade of clean energy expertise and currently serves as CEO of Novus Energy Partners, a transatlantic venture capital firm with offices in Norway and Virginia. Prior to Novus, he co-founded REC, one of the world’s largest producers of polysilicon and wafers for solar applications. Langmo is based in Oslo, Norway, and his collaboration with 1366 offers significant global support and perspective to a fast-growing US energy tech company.

“As Co-founder of one of the world’s leading solar companies and a clean tech veteran with the most successful clean energy IPO to date, Reidar brings significant industry insight and experience to our board,” said Frank van Mierlo, president, 1366 Technologies. “We are honored to have Reidar join us and value his belief in the work we’re doing.”

1366 recently closed a $5.15 million internal round of funding with returning investors Polaris Venture Partners and North Bridge Venture Partners. The company was also recently awarded a $4 million contract from U.S. Department of Energy’s ARPA-E program, the only award given in solar photovoltaics. With this financial support the company has seen a fifty percent increase in employees in the last nine months. 1366 also plans to hire up to five additional engineers in the next six months to aggressively commercialize its Self-Aligned Cell (SAC) and Direct Wafer technologies for silicon photovoltaics.

About 1366 Technologies
1366 Technologies’ eliminates the cost and production challenges that have hampered solar power’s ability to replace fossil fuels. The company combines breakthrough innovations in silicon cell architecture with lean manufacturing processes to make the world’s most cost effective and commercially viable high efficiency solar cells. Developed by a veteran team of scientists, engineers and entrepreneurs, including MIT professor and photovoltaic industry expert Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost tradeoff of photovoltaics. 1366 Technologies is headquartered in Lexington, MA.

Contact:
Craig Lund
1366 Technologies
Director of Business Development
(781) 861-1611 x204
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Laureen McGowan Sanderson
Greenough Communications
(617) 275-6515
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Lexington, MA – February 4, 2010 – 1366 Technologies (www.1366tech.com), a silicon photovoltaics company, today announced that the company has closed $5.15 million of venture capital bringing its total amount raised to $17.55 million. The round was led by returning investors Polaris and North Bridge Venture Partners and was awarded on the heels of signing a $4 million contract with the U.S. Department of Energy’s ARPA-E program.

“While we were in a strong cash position, our existing investors were impressed with our progress and the operational achievements we’ve made during the past 18 months,” said Frank van Mierlo, president, 1366 Technologies. “This round is a direct result of our ability to meet a number of critical technology milestones, our strong intellectual property position, and our standing as the only solar photovoltaics company to receive recognition from ARPA-E.”

The recently closed round will accelerate the commercialization of 1366’s Self-Aligned Cell (SAC) and Direct Wafer technologies. The company has already secured two lead development customers and is actively selling the SAC equipment and process, which features innovative cell texturing and fine line metallization to deliver higher efficiencies with simple, low cost solutions for cell manufacturers.

About 1366 Technologies
1366 Technologies’ eliminates the cost and production challenges that have hampered solar power’s ability to replace fossil fuels. The company combines breakthrough innovations in silicon cell architecture with lean manufacturing processes to make the world’s most cost effective and commercially viable high efficiency solar cells. Developed by a veteran team of scientists, engineers and entrepreneurs, including MIT professor and photovoltaic industry expert Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost tradeoff of photovoltaics. 1366 Technologies is headquartered in Lexington, MA. For more information, please visit www.1366tech.com.

Contact:
Craig Lund
1366 Technologies
Director of Business Development
781-861-1611 x204
clund(at)1366tech(dot)com

Laureen McGowan Sanderson
Greenough Communications
(617) 275-6515
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Download press release
North Bridge Venture Partners website
Polaris Venture Partners website

Lexington, MA – September 14, 2009 –1366 Technologies (www.1366tech.com), a silicon photovoltaics company, today unveiled two breakthrough technologies for multi-crystalline silicon solar cells. The company’s significant advancements in cell texturing and metallization deliver simpler, more commercially-viable solutions for multicrystalline cell manufacturers striving to reach 18 percent efficiency. 1366 Technologies’ Self-Aligned Cell (SAC) architecture breaks the historic efficiency and cost tradeoff of photovoltaics (PV) by providing mono-crystalline equivalent cell efficiencies at multi-crystalline cell costs.

For years, many PV companies have tried to increase efficiencies by using overly-complicated approaches, such as back-contact or emitter wrap through solar cell technology, which add costly steps to the manufacturing process with minimal gains in cell efficiency. This problem slowed the pace of progress until MIT professor, renowned inventor and 1366 Technologies Chief Technology Officer, Dr. Emanuel “Ely” Sachs, developed a simple, cost-effective approach to improving cell texturing and metallization without increasing production costs.

“At 1366 we’ve pioneered a cell architecture and manufacturing process that’s going to change the way we think about energy,” said Frank van Mierlo, co-founder and president of 1366 Technologies. “Our innovations have the potential to save manufacturers $50 billion over the next five years and help the industry deliver solar at the cost of coal.”

1366 Technologies has developed two technologies that can be easily integrated into existing manufacturing lines. The first addresses cell texture, creating a distinctive honeycomb structure that introduces cross-textured surfaces to the cell that trap more light and enables up to 1 percent higher absolute efficiency overall than previous cell designs. The second focuses on the front-side cell metallization, wherein the company has developed the world’s finest metallization lines – just 30 microns compared to the prevailing of 120 microns – and an innovative Grooved Ribbon busbar (licensed by Ulbrich and Schlenk). Industry standard thick fingers and flat busbars typically shade 9 percent of the surface of a cell. 1366’s simple front-side metallization approach, however, only shades 2 percent of the cell delivering 75 percent of the efficiency gains of back-contact cell designs without the high costs and process complexity.

“The way we see it, the right technology and materials are available now to help PV reach grid parity, but the challenge for our industry is to simultaneously deliver high efficiencies and low costs,” said Dr. Emanuel Sachs, co-founder and chief technology officer for 1366 Technologies. “Our Self-Aligned Cell architecture addresses this challenge head-on. We believe our technologies, combined with further advancements in manufacturing, will help solar power satisfy 7% of global electricity demand over the next decade and inspire one of the largest manufacturing revolutions in history.”

About 1366 Technologies
1366 Technologies’ eliminates the cost and production challenges that have hampered solar power’s ability to replace fossil fuels. The company combines breakthrough innovations in silicon cell architecture with lean manufacturing processes to make the world’s most cost effective and commercially viable high efficiency solar cells. Developed by a veteran team of scientists, engineers and entrepreneurs, including MIT professor and photovoltaic industry expert Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost tradeoff of photovoltaics. 1366 Technologies is headquartered in Lexington, MA. For more information, please visit www.1366tech.com.

Contact:
Craig Lund
1366 Technologies
Director of Business Development
781-861-1611 x204
clund(at)1366tech(dot)com

Laureen McGowan
Greenough Communications
(617) 275-6515
lmcgowan(at)greenoughcom(dot)com

Photo

LEXINGTON, Mass., Oct. 26 /PRNewswire/ — 1366 Technologies, a silicon photovoltaics company, today announced that the company will receive four million dollars in federal funding from the Advanced Research Projects Agency — Energy (ARPA-E) of the U.S. Department of Energy (DOE).

The first ARPA-E solicitation was extremely competitive with over 3,600 applications from across the U.S. and, after an extensive application process, the selection committee named 1366 Technologies as the only photovoltaics (PV) company to receive funding.
Of the large pool of applicants, 37 final recipients were chosen through a rigorous review process with input from multiple review panels composed of leading U.S. energy science and technology experts and ARPA-E’s program managers. Evaluations were based on the potential for high impact on ARPA-E’s goals and scientific and technical merit.

1366 Technologies was selected for their Direct Wafer technology that forms high-efficiency ‘monocrystalline-equivalent’ silicon wafers directly from molten silicon, with the potential to slash the cost of PV installations by half. “For over 35 years, silicon PV has been hobbled by high costs and difficulties in scaling due to expensive wafering. Our Direct Wafer technology solves the wafering problem with a breakthrough manufacturing solution that is compatible with today’s supply chain,” said Frank van Mierlo, co-founder and president of 1366 Technologies. “This funding will allow us to accelerate the development and scaling of Direct Wafer, which will have strong implications for the competitiveness of the U.S. PV industry and provide a basis for future economic growth and jobs”.
1366 Technologies also recently unveiled the ground breaking Self-Aligned Cell (SAC) architecture, with innovative cell texturing and metallization design to deliver simpler, more commercially-viable solutions for multi-crystalline cell manufacturers striving to achieve 18 percent cell efficiency.

Learn more about this technology by clicking here.
To learn more about ARPA-E funding, please go here.

About 1366 Technologies
1366 Technologies’ eliminates the cost and production challenges that have hampered solar power’s ability to replace fossil fuels.
The company combines breakthrough innovations in silicon cell architecture with lean manufacturing processes to make the world’s most cost effective and commercially viable high efficiency solar cells. Developed by a veteran team of scientists, engineers and entrepreneurs, including MIT professor and photovoltaic industry expert Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost trade-off of photovoltaics. 1366 Technologies is head-quartered in Lexington, MA.

Contact:
Craig Lund
1366 Technologies
Director of Business Development
781-861-1611 x204
clund(at)1366tech(dot)com

Laureen McGowan Sanderson
Greenough Communications
(617) 275-6515
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

1366 Technologies was awarded the agreement after a technology review by a panel of experts under the highly competitive SAI Incubator Program. “Companies like 1366 are leading innovators in the growing solar space,” said Dr. Brian Keyes of the NREL. “We really look to support technologies that can have a significant industry impact and drive down the cost per watt of solar.”

1366 Technologies will use the SAI funds to further develop its Self-Aligned Cell technology which allows cost-effective, scalable manufacturing of multi-crystalline solar cells. “Increasing cell efficiency without increasing costs is the solar industry’s biggest manufacturing challenge,” said Ely Sachs, Chief Technical Officer of 1366 Technologies. “Our Self-Aligned Cell does exactly this, by producing cells with mono-crystalline efficiencies at multi-crystalline costs. This is a big step toward making solar power competitive with traditional electricity generation.”

The SAI is focused on accelerating widespread commercialization of clean solar energy technologies by 2015 and will provide the U.S. additional electricity supply options while reducing dependence on fossil fuels and improving the environment. It aims to achieve market competitiveness for solar-electric power through government partnerships with industry, universities, national laboratories, states, and other public entities by funding new research and development activities.

About 1366 Technologies
1366 Technologies’ mission is to make the cost of solar power competitive with coal power by 2012. The company is combining breakthrough innovations in silicon cell architecture with manufacturing process improvements to make the world’s most cost effective multi-crystalline solar cells. Founded in 2007 by MIT professor and photovoltaic industry expert Professor Emanuel Sachs, the company is equity backed by North Bridge Venture Partners and Polaris Venture Partners and based in Lexington, MA.

Download this article in PDF format here.

The speaking program will begin at 10:30 a.m. ET. Ian Bowles, Massachusetts Secretary of Energy and Environmental Affairs, will deliver the Keynote address. Guided tours of the facility will be offered beginning at 9:30 a.m. ET.

I commend 1366 Technologies for its commitment to make cost effective solar power a reality”, Secretary Bowles said. “Companies like 1366 Technologies help position Massachusetts as a clean energy leader – a goal that is a top priority for the Patrick Administration. We look forward to the success of this innovative solar design and manufacturing business.”

The opening of this facility marks an important milestone in the production of solar technology, specifically silicon cells. 1366 Technologies has created both a new photovoltaic manufacturing process and a uniquely architected solar silicon cell with the intent of combining the two innovations to slash the cost of solar power down to the cost of coal by 2012. Breaking ground on the Lexington plant enables 1366 Technologies to commence manual production of its high-efficiency, low cost silicon solar cells in a six-inch, industry-standard size. Looking ahead, the next step to commercial production will be the automation of this process.

“1366 is on an aggressive timeline to drive silicon solar cell electricity below grid parity,” said Bob Metcalfe, a 1366 Technologies director and general partner at Polaris Venture Partners. “The opening of our Lexington plant starts us on our way toward high-volume production of less expensive and more efficient solar cells.”

Date: Thursday, October 16, 2008.
Start Time: 10:30 a.m. ET
Location: 45 Hartwell Avenue, Lexington, MA 02421
Featured Speaker: Ian Bowles, Secretary of Energy and Environmental Affairs.

Schedule of Events:
9:30 a.m. – 10:30 a.m. Guided Tours
10:30 a.m. – 11:00 a.m. Speaking Program
11:00 a.m. – 12:00 p.m. Guided Tours

For more information or to RSVP for this event, please contact Tiffany Archambault or Mike Farber at
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
or at (781) 684-0770.

About 1366 Technologies
1366 Technologies’ mission is to make the cost of solar power competitive with coal power by 2012. The company is combining breakthrough innovations in silicon cell architecture with manufacturing process improvements to make the world’s most cost effective multi-crystalline solar cells. Founded in 2007 by MIT professor and photovoltaic industry expert Professor Emanuel Sachs, the company is equity backed by North Bridge Venture Partners and Polaris Venture Partners. Based in Lexington, MA, 1366 Technologies is online at http://www.1366tech.com.