Motech Industries and Innovalight Sign Agreement

SUNNYVALE, Calif., Jan. 7, 2011 /PRNewswire/ -- Innovalight, Inc., a privately-held company that provides proprietary technologies and materials for the production of high efficiency crystalline silicon solar cells, announced today that it signed an agreement with Motech Industries, Inc. ("Motech") to develop high performance solar cells using silicon ink manufactured by Innovalight.

Motech is a pioneer in the manufacturing and marketing of high-quality single and multicrystalline silicon solar cells in Taiwan. Motech, which reached a gigawatt in production capacity in the third quarter of 2010, is the largest solar cell manufacturer in Taiwan and one of the top ten manufacturers worldwide in terms of production capacity and output.

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

"Motech is an important partner for Innovalight," said Boris Mathiszik, vice president of worldwide sales for Innovalight. "We are very excited to work together with Motech to advance high performance solar products," he added.

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 about Innovalight please visit www.innovalight.com

About Motech

Motech Industries, Inc. was founded in 1981 as a designer and manufacturer of test and measurement instruments. The company entered into solar cell production in 1999, and is a pioneer in the manufacturing and marketing of high-quality mono- and poly-crystalline silicon solar cells in Taiwan. Today, the company is a global, vertically integrated solar company and one of the world's top solar cell manufacturers in terms of production capacity and output. Motech is a publicly traded company on Taiwan's Over-the-Counter (OTC) market with the trading code 6244. For more information about Motech please visit www.motech.com.tw

SOURCE Innovalight, Inc.

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