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news digest ♦ Solar


program manager at Amazon.com, where he also launched the company’s toy business.


In 1999, Robertson also co-founded Visible Markets, an electronic trading platform for mortgage- and asset-backed securities, where he was CEO until the platform was acquired by Thomson Financial in 2001.


Robertson is a graduate of Massachusetts Institute of Technology with a degree in Computer Science and holds an MBA from Harvard Business School, where he led students’ efforts to install solar panels on the Shad Hall athletic facility.


Married with three children, he was an avid pilot with instrument and commercial rating licenses.


All at Compound Semiconductor offer our deepest condolences to all friends and family of Brian Robertson.


TFG Radiant elevates ownership in Ascent Solar to 41%


The Thornton, Colorado, CIGS based solar panel manufacturer believes it will enable TFG Radiant to lead in rooftop and portable power applications in East Asia


Ascent Solar has announced that TFG Radiant Investment Group, is poised to increase its ownership interest in the company.


TFG Radiant acquired approximately 20 percent of the outstanding shares of Ascent in August 2011. The increase will put TFG Radiant’s ownership at approximately 41 percent.


TFG Radiant will purchase the stake in the Company presently owned by Norsk Hydro Produksjon AS for $4 million, or approximately $0.50 per share. The transaction is expected to


170 www.compoundsemiconductor.net January / February 2012 close within the next 90 days.


Victor Lee, managing director of TFG Radiant and an Ascent board member, said, “We continue to be very excited about the market potential for Ascent’s transformational solar power technology. No other manufacturer can match the combination of power density and flexibility, which we believe will enable TFG Radiant to lead in rooftop and portable power applications in East Asia.”


“We are pleased to see that our most recent strategic partner, and licensee for our technology in East Asia, is increasing its commitment to Ascent,” commented Ron Eller, Ascent president and CEO. “


We have the same vision for our unique, high performing flexible technology to bring solar power to everyday lives in a seamless and compelling manner.”


Soitec to acquire Altatech for € 15 million


The integration will entitle Soitec to accelerate its development roadmap in the electroluminescent diodes area, as well as in CPV systems


Soitec, an innovator of III-V semiconductor materials for the electronics and energy industries has announced a letter of intent for the acquisition of all of the outstanding shares composing the capital of Altatech Semiconductor.


Altatech is a French company that specialises in the development of highly efficient technologies and equipment. Located in Montbonnot Saint Martin near Grenoble, the acquisition is to be completed before the end of January 2012.


Altatech’s integration within Soitec shall entitle the latter to accelerate its development


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