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	<title>1366 Technologies</title>
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	<link>http://www.1366tech.com</link>
	<description>Solar at the Cost of Coal</description>
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		<title>1366 TECHNOLOGIES and Tokuyama corporation form strategic partnership</title>
		<link>http://www.1366tech.com/1366-technologies-and-tokuyama-corporation-form-strategic-partnership/</link>
		<comments>http://www.1366tech.com/1366-technologies-and-tokuyama-corporation-form-strategic-partnership/#comments</comments>
		<pubDate>Tue, 07 May 2013 13:26:48 +0000</pubDate>
		<dc:creator>1366tech</dc:creator>
				<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://www.1366tech.com/?p=1717</guid>
		<description><![CDATA[Bedford, MA and Tokyo – May 7, 2013 – Today, solar wafer manufacturer 1366 Technologies and Tokuyama (4043:JP), the leading silicon producer in Japan and the fourth largest producer of silicon in the world, entered into a strategic partnership designed to drive down the cost of photovoltaics. While the terms of the non-equity partnership were..]]></description>
			<content:encoded><![CDATA[<p><strong>Bedford, MA and Tokyo – May 7, 2013 –</strong> Today, solar wafer manufacturer <a href="http://www.1366tech.com/">1366 Technologies</a> and <a href="http://www.tokuyama.co.jp/eng/">Tokuyama</a> (4043:JP), the leading silicon producer in Japan and the fourth largest producer of silicon in the world, entered into a strategic partnership designed to drive down the cost of photovoltaics.</p>
<p>While the terms of the non-equity partnership were not disclosed, the two companies will combine resources and collaborate on research and development efforts with the aim to accelerate the adoption of 1366’s Direct Wafer technology. 1366’s Direct Wafer is a transformative manufacturing process that produces a uniformly better silicon wafer at half the cost.</p>
<p>“Strong partners are an essential element to our success, and we have found another in Tokuyama. This is a fantastic validation of our technology with tremendous upside,” said Frank van Mierlo, CEO, 1366 Technologies. “When many in the solar industry are pulling back, 1366 and Tokuyama are readying for the inevitable global market turnaround.”</p>
<p>“For nearly a century, Tokuyama has taken pride in its ability to pursue innovation and make the world a better place. Our strategic partnership with 1366 is a prime example of that commitment,” said Hidenori Okamoto, Managing Executive Officer, Tokuyama Corporation. “We’re very excited to bring our materials expertise to the table.”</p>
<p>Earlier this year, 1366 celebrated the opening of a new, 25 MW wafer manufacturing facility, the final step in the path to commercialization of the company’s Direct Wafer technology. Since its founding in 2007, the company has steadily and quietly reached new technical heights, achieving competitive cell efficiencies of 17 percent in customer trials and sharply reducing the variance in wafer product quality.</p>
<p><strong>About 1366 Technologies</strong></p>
<p>1366 Technologies aims to deliver solar at the cost of coal. The company combines breakthrough technology innovations with lean manufacturing processes to make a new class of silicon wafers, the basic building blocks of solar cells, at a fraction of today’s cost.  Developed by a veteran team of scientists, engineers and entrepreneurs, including photovoltaic industry expert  and former MIT professor Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost tradeoff of photovoltaics. 1366 Technologies is headquartered in Bedford, MA. For more information, please visit <a href="http://www.1366tech.com/">www.1366tech.com</a>.</p>
<p><strong> </strong></p>
<p><strong>About Tokuyama Corporation</strong></p>
<p>Tokuyama Corporation was founded in 1918 and has 5500 employees.  Tokuyama Group mainly manufactures and sells chemical products such as soda ash, caustic soda, vinyl chloride resin, film products, isopropyl alcohol, pharmaceutical ingredients and intermediates, multicrystalline silicon, silica, aluminum nitride, portland cement, plastic window sashes and others.  For more information, please visit <a href="http://www.tokuyama.co.jp/eng/">http://www.tokuyama.co.jp/eng/</a>.</p>
<p><strong>Contact:</strong></p>
<p>Laureen Sanderson<br />
for 1366 Technologies<br />
(617) 694-7336</p>
<p><a href="mailto:lsanderson@tieronepr.com">lsanderson@tieronepr.com</a></p>
<p>and</p>
<p>Yoshifumi Matsumoto, General Manager</p>
<p>Corporate Communications &amp; Investor Relations Dept.<br />
Tokuyama Corporation<br />
<a href="tel:%2B81-3-6205-4832" target="_blank">+81-3-6205-4832</a><br />
<a href="mailto:matsumoto@tokuyama.co.jp" target="_blank">y-matsumoto@tokuyama.co.jp</a></p>
<p>&nbsp;</p>
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		<title>1366 TECHNOLOGIES ADDS CHINA EXPERT AND MIT SLOAN SCHOOL OF MANAGEMENT PROFESSOR YASHENG HUANG TO BOARD OF DIRECTORS</title>
		<link>http://www.1366tech.com/1366-technologies-adds-china-expert-and-mit-sloan-school-of-management-professor-yasheng-huang-to-board-of-directors/</link>
		<comments>http://www.1366tech.com/1366-technologies-adds-china-expert-and-mit-sloan-school-of-management-professor-yasheng-huang-to-board-of-directors/#comments</comments>
		<pubDate>Wed, 13 Mar 2013 13:06:07 +0000</pubDate>
		<dc:creator>1366tech</dc:creator>
				<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://www.1366tech.com/?p=1689</guid>
		<description><![CDATA[Bedford, MA – March 13, 2013 – Today, solar innovator 1366 Technologies welcomed China expert and MIT Sloan School of Management Professor Yasheng Huang to its Board of Directors.  Huang will help to accelerate the Company’s market entry into China as it scales its operations and readies its Direct Wafer™ technology for the global stage...]]></description>
			<content:encoded><![CDATA[<p><strong>Bedford, MA – March 13, 2013 –</strong> Today, solar innovator <a href="http://www.1366tech.com/">1366 Technologies</a> welcomed China expert and MIT Sloan School of Management Professor Yasheng Huang to its Board of Directors.  Huang will help to accelerate the Company’s market entry into China as it scales its operations and readies its Direct Wafer™ technology for the global stage.</p>
<p>“As one of the foremost authorities on emerging economies and a specialist in helping companies gain a foothold in China, Yasheng will help to raise our profile in an incredibly important market for the solar industry,” said Frank van Mierlo, CEO, 1366 Technologies. “His experience will be a crucial resource for us.”</p>
<p>Yasheng Huang is professor of political economy and international management and holds International Program Professorship in Chinese Economy and Business at MIT Sloan School of Management. At Sloan, Yasheng founded and runs China Lab and India Lab, which aim to help entrepreneurs in China and India improve their management.  In addition to his academic articles, Yasheng has authored seven books, including three in Chinese.  His most recent, “<em>Capitalism and Chinese Characteristics</em>,” chronicles three decades of economic reform in China. He has held or received prestigious fellowships such as National Fellowship at Stanford University and Social Science Research Council-MacArthur Fellowship. He is a member of MIT Martin Trust Entrepreneurship Center, a fellow at the Center for China in the World Economy at Tsinghua University, a fellow at William Davidson Institute at Michigan Business School, and a World Economic Forum Fellow.</p>
<p>“1366 and its Direct Wafer™ technology have great potential in China,” said Yasheng Huang. “I believe the company’s innovations represent a big leap forward in solar manufacturing. The ability to sell directly into the existing market with a ‘drop in’ product is a significant benefit. I’m looking forward to working with the leadership team to help them realize their vision.”</p>
<p>1366 recently celebrated the opening of its new, 25 MW wafer manufacturing facility in Bedford, Massachusetts. The 42,000 square foot factory, slated to employ 100 people, represents the final step in the path to commercialization of the company’s Direct Wafer™ technology.  Direct Wafer™ forms multicrystalline wafers directly from molten silicon instead of today’s multi-step, energy- and capital-intensive process.  Within the next 12-18 months, the company’s team of engineers and scientists will fine-tune the process to where it can be easily transferred and replicated in future facilities.</p>
<p><strong>About 1366 Technologies</strong></p>
<p>1366 Technologies aims to deliver solar at the cost of coal. The company combines breakthrough technology innovations with lean manufacturing processes to make a new class of silicon wafers, the basic building blocks of solar cells, at a fraction of today’s cost.  Developed by a veteran team of scientists, engineers and entrepreneurs, including photovoltaic industry expert  and former MIT professor Dr. Emanuel Sachs, the company’s novel approach breaks the historic efficiency and cost tradeoff of photovoltaics. 1366 Technologies is headquartered in Bedford, MA. For more information, please visit <a href="http://www.1366tech.com/">www.1366tech.com</a>.</p>
<p>Contact:</p>
<p>Laureen Sanderson</p>
<p>(617) 694-7336</p>
<p>lsanderson@tieronepr.com</p>
<p>&nbsp;</p>
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		<title>1366 Technologies Celebrates Opening of New Manufacturing Facility</title>
		<link>http://www.1366tech.com/1366-technologies-celebrates-opening-of-new-manufacturing-facility/</link>
		<comments>http://www.1366tech.com/1366-technologies-celebrates-opening-of-new-manufacturing-facility/#comments</comments>
		<pubDate>Wed, 30 Jan 2013 20:07:53 +0000</pubDate>
		<dc:creator>1366tech</dc:creator>
				<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://www.1366tech.com/?p=1670</guid>
		<description><![CDATA[Bedford, MA – January 30, 2013 – Today solar innovator 1366 Technologies, joined by state and federal officials including Massachusetts Lieutenant Governor Timothy Murray, celebrated the opening of its new, 25 MW wafer manufacturing facility in Bedford, Massachusetts. The 42,000 square foot factory, slated to employ 100 people, represents the final step in the path..]]></description>
			<content:encoded><![CDATA[<p><strong>Bedford, MA – January 30, 2013 </strong>– Today solar innovator <a href="http://www.1366tech.com/">1366 Technologies</a>, joined by state and federal officials including Massachusetts Lieutenant Governor Timothy Murray, celebrated the opening of its new, 25 MW wafer manufacturing facility in Bedford, Massachusetts. The 42,000 square foot factory, slated to employ 100 people, represents the final step in the path to commercialization of the company’s Direct Wafer™ technology, a transformative manufacturing process that produces a uniformly better wafer at half the cost.</p>
<p>The new factory is the heart of 1366’s R&amp;D operation and the proving ground for Direct Wafer, which forms multicrystalline wafers directly from molten silicon instead of today’s multi-step, energy- and capital-intensive process.  Within the next 12-18 months, Direct Wafer production will surge from thousands of wafers to millions, as the company’s team of engineers and scientists fine tune the process to where it can be easily transferred and replicated in future facilities.</p>
<p>“A little more than five years ago, we set out to revolutionize the solar industry by solving the greatest manufacturing challenge in the biggest solar market,” said Frank van Mierlo, CEO, 1366 Technologies. “Today, we’re one step closer to that goal and our mission to deliver solar at the cost of coal. We not only have our footing, we’re growing, scaling and preparing to lead in the eventual global industry turnaround.  We have momentum at our back and the essential elements of success: a great team, a truly disruptive technology, capital and strong partners.”</p>
<p>During the past year – and in the midst of an industry downturn – the company also steadily and quietly reached new technical heights, achieving competitive cell efficiencies of 17 percent in customer trials and sharply reducing the variance in wafer product quality.  “The progress we’ve made is impressive and the pace at which it’s been achieved, remarkable.  We are now squarely positioned to take advantage of what will be a 100 GW, $100 billion per year market in 2020,” continued van Mierlo.</p>
<p>This Massachusetts facility is the first of two planned by the company.  In September 2011, 1366 was awarded a $150 million loan guarantee from the U.S. Department of Energy (DOE), to build a second, 1,000 MW U.S. manufacturing facility that will create 300 permanent positions. The company expects to begin its search for a location this year. “1366 Technologies believes US technology has a big role to play in the solar industry. Innovation, like ours, is at the heart of this country’s global competitiveness,” said van Mierlo.</p>
<p><strong> </strong></p>
<p><strong> </strong></p>
<p><strong> </strong></p>
<p><strong> </strong></p>
<p><strong> </strong></p>
<p><strong> </strong></p>
<p><strong> </strong></p>
<p><strong>About 1366 Technologies</strong></p>
<p>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 Bedford, MA. For more information, please visit www.1366tech.com.</p>
<p># # #</p>
<p>Contact:</p>
<p>Laureen Sanderson</p>
<p>(617) 694-7336</p>
<p>lsanderson@tieronepr.com</p>
<p>&nbsp;</p>
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		<title>1366 Technologies Appoints Rick Tattersfield Chief Operating Officer</title>
		<link>http://www.1366tech.com/1366-technologies-appoints-rick-tattersfield-chief-operating-officer/</link>
		<comments>http://www.1366tech.com/1366-technologies-appoints-rick-tattersfield-chief-operating-officer/#comments</comments>
		<pubDate>Tue, 13 Sep 2011 17:24:30 +0000</pubDate>
		<dc:creator>1366tech</dc:creator>
				<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://www.1366tech.com/?p=1474</guid>
		<description><![CDATA[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..]]></description>
			<content:encoded><![CDATA[<div>
<p>Lexington, MA – August 24, 2011 – <a href="http://www.1366tech.com/">1366 Technologies</a> 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.</p>
<p>“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.”</p>
<p>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.</p>
<p>“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.”</p>
<p><strong> </strong></p>
<p><strong>About 1366 Technologies</strong></p>
<p>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 <a href="http://www.1366tech.com/">www.1366tech.com</a>.</p>
<p># # #</p>
</div>
<p><strong>Contact:</strong></p>
<p>Sarah Hurley</p>
<p>Greenough Communications</p>
<p>(617) 275-6527</p>
<p><a href="mailto:Shurley@greenoughcom.com">Shurley@greenoughcom.com</a></p>
<p>&nbsp;</p>
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		<title>1366 Offered $150 Million Conditional Commitment for DOE Loan Guarantee</title>
		<link>http://www.1366tech.com/1366-offered-150-million-conditional-commitment-for-doe-loan-guarantee/</link>
		<comments>http://www.1366tech.com/1366-offered-150-million-conditional-commitment-for-doe-loan-guarantee/#comments</comments>
		<pubDate>Fri, 17 Jun 2011 17:03:15 +0000</pubDate>
		<dc:creator>1366tech</dc:creator>
				<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://www.1366tech.com/?p=1463</guid>
		<description><![CDATA[Lexington, MA – June 17, 2011 – 1366 Technologies today announced that the U.S. Department of Energy (DOE) has offered a conditional commitment to the company for a $150 million loan guarantee. 1366 will use the DOE funds to scale its Direct Wafer manufacturing capabilities in Massachusetts and build a second U.S. manufacturing facility that..]]></description>
			<content:encoded><![CDATA[<p>Lexington, MA – June 17, 2011 – <a href="http://www.1366tech.com/">1366 Technologies</a> today announced that the U.S. Department of Energy (DOE) has offered a conditional commitment to the company for a $150 million loan guarantee. 1366 will use the DOE funds to scale its Direct Wafer manufacturing capabilities in Massachusetts and build a second U.S. manufacturing facility that will produce the basic building block of solar cells – silicon wafers – at a fraction of today’s cost.</p>
<p>“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.”</p>
<p>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.</p>
<p>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.</p>
<p>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.”</p>
<p><strong> </strong></p>
<p><strong>About 1366 Technologies</strong></p>
<p>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 <a href="http://www.1366tech.com/">www.1366tech.com</a>.</p>
<p>&nbsp;</p>
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		<title>1366 Technologies raises $20 million series B financing round</title>
		<link>http://www.1366tech.com/1366-technologies-raises-20-million-series-b-financing-round/</link>
		<comments>http://www.1366tech.com/1366-technologies-raises-20-million-series-b-financing-round/#comments</comments>
		<pubDate>Sun, 13 Feb 2011 16:21:46 +0000</pubDate>
		<dc:creator>sheamedia</dc:creator>
				<category><![CDATA[Press Releases]]></category>

		<guid isPermaLink="false">http://site3.sheamediademo.com/?p=1129</guid>
		<description><![CDATA[<strong>Hanwha Chemical and Ventizz Capital Fund IV L.P. Join Return Investors North Bridge Venture Partners and Polaris Venture Partners in Backing Silicon Photovoltaics Innovator</strong><br/>
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.]]></description>
			<content:encoded><![CDATA[<p><strong>Hanwha Chemical and Ventizz Capital Fund IV L.P. Join Return Investors North Bridge Venture Partners and Polaris Venture Partners in Backing Silicon Photovoltaics Innovator</strong></p>
<p><strong>Lexington, MA – October 19, 2010 – </strong>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.</p>
<p>“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.”</p>
<p>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 <a href="/1366-technologies-awarded-four-million-in-arpa-e-funding/" target="_blank">$4 million grant</a> the company received from the Department of Energy’s ARPA-E program in December of 2009.</p>
<p>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.”</p>
<p>“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”</p>
<p>“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.”<br />
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.</p>
<p><strong>About 1366 Technologies</strong><br />
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.</p>
<p>Contact:<br />
Craig Lund<br />
1366 Technologies<br />
Vice President of Business Development<br />
781-861-1611 x204<br />
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<p>Laureen McGowan Sanderson<br />Greenough Communications<br />(617) 275-6515<br />
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		<title>1366 Technologies Adds REC Co-Founder Reidar Langmo to Board of Directors</title>
		<link>http://www.1366tech.com/1366-technologies-adds-rec-co-founder-reidar-langmo-to-board-of-directors/</link>
		<comments>http://www.1366tech.com/1366-technologies-adds-rec-co-founder-reidar-langmo-to-board-of-directors/#comments</comments>
		<pubDate>Sun, 13 Feb 2011 16:14:23 +0000</pubDate>
		<dc:creator>sheamedia</dc:creator>
				<category><![CDATA[Press Releases]]></category>

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		<description><![CDATA[1366 Technologies, a silicon photovoltaics (PV) company, today announced it has strengthened its Board of Directors with the addition of Reidar Langmo, CEO of Novus Energy Partners (Novus) and co-founder of Renewable Energy Corporation (REC).  1366 has expanded its core team by 50 percent over the past nine months, and guidance from key board members such as Langmo will help the company bring its disruptive silicon PV technologies to market more quickly.]]></description>
			<content:encoded><![CDATA[<p><strong>Lexington, MA – March 1, 2010 –</strong> 1366 Technologies, a silicon photovoltaics (PV) company, today announced it has strengthened its Board of Directors with the addition of Reidar Langmo, CEO of Novus Energy Partners (Novus) and co-founder of Renewable Energy Corporation (REC).  1366 has expanded its core team by 50 percent over the past nine months, and guidance from key board members such as Langmo will help the company bring its disruptive silicon PV technologies to market more quickly.</p>
<p>“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.”</p>
<p>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.  </p>
<p>“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.”</p>
<p>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.</p>
<p><strong>About 1366 Technologies</strong><br />
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.</p>
<p>Contact:<br />
Craig Lund<br />
1366 Technologies<br />
Director of Business Development<br />
(781) 861-1611 x204<br />
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<p>Laureen McGowan Sanderson<br />Greenough Communications<br />(617) 275-6515<br />
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		<title>1366 Technologies Raises $5.15 Million from Polaris Venture Partners and North Bridge Venture Partners</title>
		<link>http://www.1366tech.com/1366-technologies-raises-5-15-million-from-polaris-venture-partners-and-north-bridge-venture-partners/</link>
		<comments>http://www.1366tech.com/1366-technologies-raises-5-15-million-from-polaris-venture-partners-and-north-bridge-venture-partners/#comments</comments>
		<pubDate>Sun, 13 Feb 2011 16:11:31 +0000</pubDate>
		<dc:creator>sheamedia</dc:creator>
				<category><![CDATA[Press Releases]]></category>

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		<description><![CDATA[<em><strong>Round Follows $4 Million in Federal Funding from the U.S Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E)</strong></em><br/>
1366 Technologies, 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.]]></description>
			<content:encoded><![CDATA[<p><em><strong>Round Follows $4 Million in Federal Funding from the U.S Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E)</strong></em></p>
<p><strong>Lexington, MA – February 4, 2010 – </strong>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.</p>
<p>“While we were in a strong cash position, our existing investors were impressed with our progress and the operational achievements we&#8217;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.”</p>
<p>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.</p>
<p><strong>About 1366 Technologies</strong><br />
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.</p>
<p>Contact:<br />
Craig Lund<br />
1366 Technologies<br />
Director of Business Development<br />
781-861-1611 x204<br />
clund(at)1366tech(dot)com</p>
<p>Laureen McGowan Sanderson<br />
Greenough Communications<br />
(617) 275-6515<br />
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<p>Download <a href="/v2/PDF/1366_raises_5point15_million_polaris_north-bridge.pdf">press release</a><br />
<a href="http://www.northbridge.com/" target="_blank">North Bridge Venture Partners</a> website<br />
<a href="http://www.polarisventures.com/" target="_blank">Polaris Venture Partners</a> website </p>
]]></content:encoded>
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		<title>1366 Technologies’ Breakthrough Solar Cell Architecture and Manufacturing Processes Enable Record Efficiencies</title>
		<link>http://www.1366tech.com/1366-technologies%e2%80%99-breakthrough-solar-cell-architecture-and-manufacturing-processes-enable-record-efficiencies/</link>
		<comments>http://www.1366tech.com/1366-technologies%e2%80%99-breakthrough-solar-cell-architecture-and-manufacturing-processes-enable-record-efficiencies/#comments</comments>
		<pubDate>Sun, 13 Feb 2011 16:09:37 +0000</pubDate>
		<dc:creator>sheamedia</dc:creator>
				<category><![CDATA[Press Releases]]></category>

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		<description><![CDATA[<strong>Innovative Cell Design Shatters Previous Cost Barriers for High Efficiencies to Save Manufacturers $50 Billion in Five Years</strong><br/>
1366 Technologies, 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.
]]></description>
			<content:encoded><![CDATA[<p><strong>Innovative Cell Design Shatters Previous Cost Barriers for High Efficiencies to Save Manufacturers $50 Billion in Five Years</strong></p>
<p>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.</p>
<p>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.  </p>
<p>“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.”</p>
<p>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.</p>
<p>“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.”</p>
<p><strong>About 1366 Technologies</strong><br />
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.</p>
<p>Contact:<br />
Craig Lund<br />
1366 Technologies<br />
Director of Business Development<br />
781-861-1611 x204<br />
clund(at)1366tech(dot)com</p>
<p>Laureen McGowan<br />
Greenough Communications<br />
(617) 275-6515<br />
lmcgowan(at)greenoughcom(dot)com</p>
]]></content:encoded>
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		<title>1366 Technologies Awarded Four Million in ARPA-E Funding</title>
		<link>http://www.1366tech.com/1366-technologies-awarded-four-million-in-arpa-e-funding/</link>
		<comments>http://www.1366tech.com/1366-technologies-awarded-four-million-in-arpa-e-funding/#comments</comments>
		<pubDate>Sat, 12 Feb 2011 21:16:41 +0000</pubDate>
		<dc:creator>sheamedia</dc:creator>
				<category><![CDATA[Press Releases]]></category>

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		<description><![CDATA[<strong>Innovative PV Company One of Only 37 Awardees, Selected from a Highly-Competitive Pool of 3,600 Applicants </strong><br/>
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).
]]></description>
			<content:encoded><![CDATA[<p><a href="/wp-content/uploads/2011/02/1366_arpa-e_awarded.jpg" class="fancybox" style="float:right;"><div id="attachment_1098" class="wp-caption alignnone" style="width: 310px"><img  src="/wp-content/uploads/2011/02/L2hvbWUvYzEzNjZ0ZWMvcHVibGljX2h0bWwvdjIvaW1hZ2VzL3N0b3JpZXMvc2l0ZS8xMzY2X2FycGEtZV9hd2FyZGVkLmpwZw-300x188.jpg" alt="" title="ARPA-E Awarded" width="300" height="188" class="size-medium wp-image-1098" /><p class="wp-caption-text">Photo</p></div></a><br />
<strong>Innovative PV Company One of Only 37 Awardees, Selected from a Highly-Competitive Pool of 3,600 Applicants </strong></p>
<p>LEXINGTON, Mass., Oct. 26 /PRNewswire/ &#8212; 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 &#8212; Energy (ARPA-E) of the U.S. Department of Energy (DOE).</p>
<p>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.<br />
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&#8217;s program managers. Evaluations were based on the potential for high impact on ARPA-E&#8217;s goals and scientific and technical merit.</p>
<p>1366 Technologies was selected for their Direct Wafer technology that forms high-efficiency &#8216;monocrystalline-equivalent&#8217; silicon wafers directly from molten silicon, with the potential to slash the cost of PV installations by half. &#8220;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&#8217;s supply chain,&#8221; said Frank van Mierlo, co-founder and president of 1366 Technologies. &#8220;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&#8221;.<br />
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.</p>
<p>Learn more about this technology by clicking <a href="http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&#038;STORY=/www/story/09-14-2009/0005093141&#038;EDATE=" target="_blank">here</a>.<br />
To learn more about ARPA-E funding, please go <a href="http://arpa-e.energy.gov/index.html" target="_blank">here</a>.</p>
<p><strong>About 1366 Technologies</strong><br />
1366 Technologies&#8217; eliminates the cost and production challenges that have hampered solar power&#8217;s ability to replace fossil fuels.<br />
The company combines breakthrough innovations in silicon cell architecture with lean manufacturing processes to make the world&#8217;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&#8217;s novel approach breaks the historic efficiency and cost trade-off of photovoltaics. 1366 Technologies is head-quartered in Lexington, MA.</p>
<p>Contact:<br />
Craig Lund<br />
1366 Technologies<br />
Director of Business Development<br />
781-861-1611 x204<br />
clund(at)1366tech(dot)com</p>
<p>Laureen McGowan Sanderson<br />
Greenough Communications<br />
(617) 275-6515<br />
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