Heraeus Photovoltaics Consolidated Research and Development in US

- Relocation to strengthen Heraeus PV R&D activities

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Jul 03, 2014, 06:00 ET

WEST CONSHOHOCKEN, Pa., July 3, 2014 /PRNewswire/ -- The Heraeus Photovoltaics Business Unit, a worldwide leading supplier of metallization pastes for solar cells, has decided to relocate their research and development scientists to their facility in West Conshohocken, PA to strengthen the activities of the group.

"The relocation of our worldwide research and development group to our West Conshohocken, Pennsylvania facility is a strategic move for our business," stated Dr. Weiming Zhang, Vice President of Technology for the Heraeus Photovoltaics Business Unit. "When Heraeus first began the development of metallization pastes for solar cells, we started with a few scientists in West Conshohocken. We successfully developed products with higher performance than what was commercially available at that time. To increase our competitive position, we recognized that we needed to attract additional talented scientists and engineers from around the world." Dr. Zhang continued to state, "With a core talent of employees at our corporate location in Hanau, Germany and our targeted market in Asia, we set up R&D centers in Hanau and Singapore. This has allowed us to obtain outstanding employees who have been instrumental in increasing our technology portfolio to develop advanced paste formulations. We have now decided to co-locate all our research and development staff in West Conshohocken. We believe this action will foster a faster pace of innovation, increasing our speed to market. We are excited about having this cross-cultural team, with their unique perspectives, come together for the benefit of the Heraeus PV business and our customers."

Heraeus will be exhibiting at this year's Intersolar North America at the Moscone Center West Hall on level 1 in booth 7611. You can also go to www.pvsilverpaste.com for more information regarding Heraeus Photovoltaics products and services.

About the Heraeus Photovoltaics Business Unit

The Heraeus Photovoltaics Business Unit is an industry leading developer and manufacturer of silver metallization pastes for the photovoltaic industry. For over 40 years, Heraeus has built a reputation of innovation, extensive research and new product development in thick film technologies for some of the most prominent companies within a variety of industries. In the field of photovoltaics, the Heraeus Photovoltaics Business Unit applies this history and its innovative technology to offer metallization pastes for solar cell applications. The Heraeus SOL Series of silver pastes is specially formulated to provide higher efficiencies and wider processing windows, resulting in better yields and higher output for cell manufacturers.

The Hanau-based precious metal and technology group Heraeus is a globally active family-run enterprise with a history of more than 160 years. We provide high-end solutions to our customers to lastingly strengthen their competitive position. Our areas of competence include precious metals, materials and technologies, sensors, biomaterials and medical devices, quartz glass and specialty light sources. In the financial year 2013, Heraeus achieved a revenue from the sale of products of €3.6 bn, while the revenue from precious metal trading was €13.5 bn. With about 12,500 employees in more than 110 companies world-wide, Heraeus is in a leading position on its global sales markets.

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SOURCE Heraeus