September 20, 2017 4:41 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of SolAero Technologies Corporation

Company Overview

SolAero Technologies Corporation manufactures solar cells and solar panels for space power applications. It offers radiation hard solar cells, cover glass interconnected cells; solar panels for integration into solar array assemblies; and concentrating triple-junction solar cells for terrestrial applications. The company’s products are used in satellite power applications, UAV power applications, portable power applications, and terrestrial power applications. SolAero Technologies Corporation was formerly known as Photon Acquisition Corporation. The company was founded in 1998 and is based in Albuquerque, New Mexico.

10420 Research Road SE

Albuquerque, NM 87123

United States

Founded in 1998

Phone:

505-332-5000

Fax:

505-332-5100

Key Executives for SolAero Technologies Corporation

Chief Executive Officer and President
CFO & Executive VP
President of Alliance Spacesystems and General Manager of Alliance Spacesystems
CFO & Executive VP
Senior Vice President
Compensation as of Fiscal Year 2017.

SolAero Technologies Corporation Key Developments

SolAero Technologies Wins Contract to Power the Europa Clipper Mission for NASA/JPL

SolAero Technologies Corp. announced that it has been awarded a contract by NASA'sJet Propulsion Laboratory (NASA/JPL) for the design, manufacture and testing of solar array panels for the proposed Europa Clipper Mission. NASA's planned Europa mission will conduct detailed reconnaissance of Jupiter's moon Europa and investigate whether the icy moon harbors conditions suitable for life. The solar panels for the proposed Europa Clipper will be populated with SolAero's high-efficiency ZTJ triple-junction solar cells that have been demonstrated to exhibit superior performance under demanding Low Intensity sunlight and Low Temperature (LILT) conditions of interplanetary missions like this one. The Europa Clipper will further extend SolAero's long history of powering satellites and spacecraft for NASA and JPL, including the MAVEN mission to Mars, the Magnetospheric Multiscale (MMS) mission, the Global Precipitation Measurement (GPM) mission, the Nuclear Spectroscopic Telescope Array (NuSTAR), the Soil Moisture Active Passive (SMAP) mission and the Lunar Atmosphere and Dust Environment Explorer (LADEE) mission, among others. The ZTJ solar cell is currently powering over 185 Earth orbiting satellites and interplanetary spacecraft and possesses the industry's most extensive qualification and flight heritage in applications beyond Earth orbit.

NanoFlex Power Corporation and Consortium Partners Wins $6.5 Million Contract from Army Research Office

NanoFlex Power Corporation announced that it is part of a consortium that was awarded a $6.5 million contract from the Army Research Laboratory's Army Research Office to develop high power, flexible, and lightweight solar modules for portable power applications with more than double the power of current flexible solar modules within the same footprint at a competitive procurement cost on a dollars per Watt basis. The consortium consists of NanoFlex, SolAero Technologies (SolAero), the University of Michigan (UM), and the University of Wisconsin (UW). As part of the program, NanoFlex and SolAero will collaborate to incorporate the patented non-destructive epitaxial lift off (ND-ELO) process and related technologies into SolAero's fabrication process to reduce the production cost of ultra-high efficiency compound semiconductor solar cells. Invented by UM and exclusively licensed by NanoFlex, ND-ELO technology has the potential to substantially reduce production costs by enabling reuse of the expensive wafer substrate. NanoFlex will then design and integrate these ultra-high efficiency solar cells into high power, flexible, and lightweight solar module prototypes for portable Soldier power applications. Finally, UM and UW will evaluate new compound semiconductor growth processes to enable further cost reduction. The four-year contract was awarded by the U.S. Army Research, Development, and Engineering Command (RDECOM), Army Research Laboratory's Army Research Office to SolAero, with NanoFlex, UM, and UW participating as subcontractors. The project is under the U.S. Army Manufacturing Technology (ManTech) Program, which supports transition of manufacturing technologies and affordable technical capabilities to address the highest priority needs of the Warfighter through demonstration of effective, efficient and adaptable processes.

Solaero Technologies Corp. Provides Solar Power for NRL's Solar-Soaring UAV Project

SolAero Technologies Corp. announced that it has delivered its high performance, lightweight solar cell technology to the U.S. Naval Research Laboratory (NRL) to power its Solar-Soaring UAV demonstrator. SolAero's specially designed UAV-TJ high efficiency solar cells will convert solar radiation directly into electricity in order to provide power for extended duration flight, to charge the vehicles' batteries for overnight flight and to enable the use of payloads that consume too much power for batteries alone. The solar cells were integrated into flexible sheets and ultimately onto the vehicle wing tips, which will generate approximately 40W of power for the multi-flight demonstrations. Two additional solar sheets that will generate 100W were also delivered for co-cured integration by NRL into the carbon fiber wings of other demonstrator vehicles.

Similar Private Companies By Industry

Company Name Region
1 SolTech Inc. United States
1366 Technologies, Inc. United States
21-Century Silicon, Inc. United States
3AxisData LLC United States
3DSP Corporation United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Tax Management Inc United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact SolAero Technologies Corporation, please visit solaerotech.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.