Siva Power Acquires First Solar, Bloo Process Equipment and Expands Development Center in Santa Clara

SANTA CLARA, Calif., Feb. 1, 2017 /PRNewswire/ -- Siva Power, a manufacturer of next generation thin-film solar technology, has acquired process equipment from thin-film solar manufacturers First Solar and Bloo Solar. Additionally, the company's development facility has been expanded to 35,500 square feet. Siva also recently closed a convertible round with existing investors to extend operating funds.

"I'm very pleased the company was able to acquire such high-quality tools; it will greatly enable Siva to progress our work," said company Vice President of Process and Equipment Development Robert G. Wendt.

About Siva Power

Siva Power is a leader in advanced manufacturing technology for solar modules and aims to be the world's best-in-class manufacturer of high-efficiency, low-cost solar panels. Siva Power is developing a solar factory for the "terawatt era" that will produce solar panels at unprecedented scale and the lowest production cost. For more information, visit www.sivapower.com.  

SOURCE Siva Power

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http://www.sivapower.com