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Article: Wakonda Developing New Paradigm in Solar Cell Manufacturing, Raises $9.5 Million in Series A Financing.
- Article from:
- PR Newswire
- Article date:
- July 16, 2008
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Copyright informationCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEDFORD, Mass., July 16 /PRNewswire/ -- Wakonda Technologies, Inc., a developer of solar photovoltaic (PV) products, today announced it has raised $9.5 million in Series A financing from ATV (Advanced Technology Ventures), General Catalyst Partners, Polaris Venture Partners, Applied Ventures, LLC (the venture capital arm of Applied Materials, Inc.) and the Massachusetts Green Energy Fund.
Wakonda is developing an inexpensive, patent-pending material that enables the production of high performance solar cells. Photovoltaic cells developed for satellites exceed 30 percent efficiency -- well above the efficiency of commercially-available silicon and thin film cells. ...