August 27, 2016 2:10 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Sunpreme Inc.

Company Overview

Sunpreme Inc., a solar photovoltaic company, designs, develops, and manufactures hybrid cell technology products. The company provides bifacial double glass frameless modules with STC outputs of 300 W-500W. The company’s products are used in carport roof-top, commercial ground, commercial rooftop, residential roof-top, and tropical island applications. Its solutions are deployed in the United States, including Alaska, California, Florida, Hawaiian Islands, Massachusetts, Puerto Rico, Utah, Vermont, Brazil, Canada, Chile, China, Ecuador, Fiji, India, Israel, Italy, Japan, Mexico, the Netherlands, Nigeria, the Philippines, Portugal, Qatar, Saudi Arabia, Sweden, Thailand, Turkey, and the United...

615 Palomar Avenue

Sunnyvale, CA 94085

United States

Founded in 2009

Phone:

866-245-1110

Fax:

408-245-2760

Key Executives for Sunpreme Inc.

Co-founder, Chairman of the Board and Chief Executive Officer
Co-Founder and General Counsel
Vice President of Finance and Corporate Controller
Chief Operating Officer
Age: 59
Senior Vice President of Global Business Development & Strategic Partnership
Compensation as of Fiscal Year 2016.

Sunpreme Inc. Key Developments

Sunpreme Wins A Commercial Roof Top Module Supply Agreement (MSA) Of 10MW For its Bifacial, Double Glass, Frameless GxB-370W Panels, Incorporating Its Hybrid Cell Technology (HCT) Platform

Sunpreme announced at the Intersolar San Francisco trade show that it has closed on an MSA (Module Supply Agreement) for delivering approximately 10MW of its Bifacial 370W HCT panels for installation on large commercial roof tops in the second half of 2016. This comes from a repeat customer who already has recently commissioned 15MW of Sunpreme Bifacial panels on other projects. With an optimally configured roof top design, the Bifacial boost on roof top projects is expected to be in the 10-15% range. Sunpreme's double glass GxB370, 72 Cell panels with 21.5% (STC) efficient cells are designed for reliability, including a frameless construction that needs no grounding. They have a lower thermal coefficient of efficiency of -0.28%/C, due to a higher Voc of 725-735mV achieved through the use of ultra-thin amorphous Si films for making an innovative split p-i-n junction on specially surface engineered substrates.

Sunpreme Launches First Bi-Facial Smart Module Incorporating Integrated Tigo Optimizers

Sunpreme is launching the Maxima GxB-310 SM Smart Modules, the most advanced product -- integrating Tigo TS4-L Optimizer Solution with its high efficiency Bi-facial Solar Modules. Sunpreme Smart Modules offer customers with advanced functionality that maximizes energy yield and peak string level AC/DC of 0.95 plus using impedance matching technology. It also lowers system costs by increasing string length, and reducing installation time and complexity with fewer BOS components. The Smart Module components work together to communicate wirelessly through the gateway, allowing users to monitor system performance accurately in real time, while meeting the new NEC 690.12 Rapid Shutdown Safety standards. The modules are double glass, frameless, aesthetically great looking, easy to install with innovative racking and mounting solutions, and feature Sunpreme's 21.5% efficient Cells enabling 310W 60-cell and 370W 72-cell solar panels and a low thermal coefficient of -0.28%/C.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 26, 2015
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