August 18, 2007 – Vol.12 No.21

HelioVolt Receives $77 Million Investment.

Funds will be used to build HelioVolt Corporation’s first factory and bring Copper Indium Gallium Selenide (CIGS) thin film enabled solar products to market.

Series B financing was provided by Paladin Capital Group and the Masdar Clean Tech Fund co-led the round with support from returning investor New Enterprise Associates as well as Sol™car Energia, Morgan Stanley Principal Investments, Sunton United Energy and Yellowstone Capital.

HelioVolt’s CIGS thin film technology is 100 times thinner, and 100 times more absorbent, than traditional silicon and 10 times faster to produce than alternative CIGS manufacturing methods. The company’s proprietary FASST(tm) low-cost, flexible manufacturing process for CIGS synthesis, based on rapid semiconductor printing, was invented by HelioVolt founder Dr. Billy J. Stanbery (8/16/07)

Links:

HelioVolt http://www.heliovolt.com

New Enterprise Associates (NEA) http://www.nea.com

Masdar Clean Tech Fund http://www.masdarctf.com

Sol™car Energia http://www.abengoa.com

Morgan Stanley Principal Investments http://www.morganstanley.com

Sunton United Energy http://www.suntonunited.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No

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