Companies – Summaries T
he U.S. Department of Energy chose three Massachusetts solar power technologies com-
panies to receive $12.6 million of funding, the lion’s share of a new $20 million initiative to accelerate the development of innovative photovoltaic technolo- gies. The winners from Massachusetts are:
• 1366 Technologies Inc., Lexington, $3 million. In October 2010, the company closed a $20 million Se- ries B financing bringing the Company’s total amount raised to $37.55 million. 1366’s Direct Wafer tech- nology forms a 156mm multi-crystalline wafer direct- ly 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.
• Varian Semiconductor Equipment Associates Inc. (NASDAQ: VSEA), Gloucester, $4.8 million.
• Veeco Solar Equipment Inc., Lowell, $4.8 milli- on to accelerate the research and development and commercialization of its Copper, Indium, Gallium, Selenium (CIGS) deposition systems. The DOE fun- ding will help Veeco to speed up its efforts to com- mercialize multi-stage thermal deposition production systems used to manufacture cost-efficient CIGS Solar cells. http://www.masshightech.com/stories/2011/02/07/dai- ly3-Three-Mass-solar-tech-firms-net-126M-from-DOE.html
http://www.1366tech.com http://www.vsea.com http://www.veeco.com
M has acquired Hybrivet Systems Inc., a leading provider of instant-read products to detect lead
and other contaminants and toxins. Terms of the transaction were not disclosed.
“The LeadCheck products complement and build on our paint preparation, tape and safety businesses and broaden our product offerings in the paint aisle” Hybrivet Systems’ flagship product is LeadCheck® Swabs, which is widely recognized as the fastest, easiest, most cost-effective lead detection product on the market. The LeadCheck brand has been at the forefront of lead detection and awareness since 1991.
The addition of Hybrivet Systems provides 3M immediate access to the potentially large market for testing paints for lead in older houses and commer- cial buildings to meet new Environmental Protection Agency (EPA) lead-safe work practices regulations. LeadCheck®
kit under the Renovation, Repair and Painting rule that went into effect April 20, 2010.
3M announced the preliminary final results of its tender offer for shares of Winterthur Technologie
11-02/03 :: February / March 2011
was the first EPA recognized instant test