This bridge financing provides us with the runway to finalize our longer-term financing plans.
Portland, OR (PRWEB) February 05, 2014
Portland, Oregon-based SoloPower Systems—which last year acquired the unique Solopower™ CIGS technology from California tech start-up SoloPower Inc.—announced today that it has secured interim financing needed to close on a major capital infusion designed to ramp manufacturing activities at its Portland factory.
SoloPower Systems President Rob Campbell stated, “This bridge financing provides us with the runway to finalize our longer-term financing plans. Our proprietary SoloPower™ technology and lightweight flexible PV CIGS products serve many new and underserved markets, from which we continue to receive very strong interest. We’re excited that this latest show of commitment from our investors will enable the large volume production needed to satisfy pending orders from Europe, MENA, the Americas and Australasia.”
About SoloPower Systems Inc.:
SoloPower Systems Inc. is a photovoltaic technology company specializing in the design, manufacture and deployment of CIGS flexible thin film technology.
Further information about SoloPower Systems Inc. can be found at: http://www.SoloPower.com.
The information contained in this press release has been prepared solely for informational purposes and is not intended to constitute investment advice or an offer to buy or sell or a solicitation of any offer to buy or sell any interests in SoloPower Systems Inc. or its affiliates.