Innovalight Hires Marubeni to Sell Silicon Ink and Licensed Processes to Solar Cell Manufacturers in Japan

SUNNYVALE, Calif., April 27, 2011 /PRNewswire/ -- Innovalight, Inc., a privately-held company selling silicon ink and advanced solar cell process technology, today announced it has partnered with Marubeni Corporation. Marubeni will exclusively sell Innovalight's silicon ink and processes to solar cell and panel manufacturing companies throughout Japan.

Innovalight manufactures a proprietary nanotechnology-based silicon ink and licenses a proprietary platform process which allows for a simple upgrade to solar cell manufacturing production lines to boost performance of solar cells and lower production costs.

"We are delighted to be the sales channel for Innovalight's innovative silicon ink technology in Japan," said Koji Kuroda, general manager for Marubeni. "Solar cell manufacturers in Japan are very interested in Innovalight's technology to help improve the economics of producing high-efficiency solar cells," he added.

"As we are expanding our presence in Japan, we need to be closer to our customers," said Boris Mathiszik, vice president of worldwide sales for Innovalight. "We are delighted to be partnered with Marubeni," he added.  

About Marubeni Corporation

Marubeni Corporation is one of Japan's largest general trading companies, Marubeni has 11 business divisions: Chemicals; Energy; Finance, Logistics & IT Business; Food; Forest Products; Lifestyle; Metals & Mineral Resources; Real Estate Development; Plant & Industrial Machinery; Power Projects & Infrastructure; and Transportation Machinery. Marubeni has hundreds of operating companies in 70 countries. For more information, visit www.marubeni.com

About Innovalight

Innovalight is based in Sunnyvale, California. The company manufactures silicon ink and licenses a proprietary process technology to solar cell manufacturing companies. Innovalight is venture capital backed and has received additional development funds from the U.S. Dept. of Energy. For more information, visit www.innovalight.com

SOURCE Innovalight, Inc.

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