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October 13, 2015 5:47 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of 1366 Technologies, Inc.

Company Overview

1366 Technologies, Inc. operates as a solar technology company that develops and manufactures silicon photovoltaic wafers for solar cell manufacturers. It develops Direct Wafer, a technology that forms a standard multi-crystalline wafer directly from molten silicon. 1366 Technologies, Inc. has a strategic partnership with Hanwha Q Cells Co. The company was founded in 2007 and is based in Bedford, Massachusetts.

6-8 Preston Court

Bedford, MA 01730

United States

Founded in 2007





Key Executives for 1366 Technologies, Inc.

Co-Founder, Chief Executive Officer, President and Director
Co-Founder, Chairman of Scientific Advisory Board and Chief Technical Officer
Chief Operating Officer
Age: 52
Vice President of Business Development
Vice President of Manufacturing
Compensation as of Fiscal Year 2015.

1366 Technologies, Inc. Key Developments

1366 Technologies to Construct New Direct Wafer Manufacturing Facility in New York

1366 Technologies announced plans to build a, commercial solar wafer manufacturing facility in Genesee County New York, strategically located between Buffalo and Rochester, that will eventually scale to 3 GW, house 400 Direct Wafer™ furnaces, and produce more than 600 million high-performance silicon wafers per year – enough to power 360,000 American homes. 1366 Technologies will become the anchor tenant at the high-tech Science and Technology Advanced Manufacturing Park (STAMP) where the company will eventually create more than 1,000 new, full-time jobs in New York’s Finger Lakes Region. The site selection marks the start of a phased program to methodically scale 1366 Technologies Direct Wafer™ technology – a transformative manufacturing process that produces a uniformly better silicon solar wafer at half the cost – from 250 MW to 3 GW. 1366 Technologies will first construct a 250 MW facility that will produce more than 50 million standard silicon wafers per year. The facility will quickly ramp to 1 GW of production capacity and employ 300 people. Construction of the 130,000 square-foot facility is slated to begin no later than second quarter of 2016 and is expected to be completed in 2017.

1366 Technologies Adds Amir Nashat to Board of Directors

1366 Technologies added Polaris Partners' Managing Partner, Amir Nashat to its Board of Directors. Dr. Nashat has guided and advised numerous highgrowth organizations and his deep experience will prove valuable as 1366 Technologies continues on the path toward high volume production. Currently, Dr. Nashat is a Managing Partner at Polaris Venture Partners.

1366 Technologies, Inc. Announces Executive Changes

1366 Technologies, Inc. announced a series of personnel changes that underscore its planned shift in focus from technology development to full production and manufacturing. The company has formed a Scientific Advisory Board to be led by co-founder Dr. Emanuel “Ely” Sachs, who is transitioning out of his role as Chief Technology Officer. The company has also added former First Solar President Bruce Sohn to its Board of Directors and appointed photovoltaics veteran Dr. Rob Steeman as its Director of Cell Technology. In his new role as Chair of the Scientific Advisory Board, Dr. Sachs will help to guide the innovative vision and technical direction of the company, building on the strong foundation he helped to establish. Bruce Sohn joins 1366 as a member of its Board of Directors. Mr. Sohn is the former President of First Solar. The company has also appointed photovoltaics veteran Dr. Rob Steeman as its Director of Cell Technology. Dr. Steeman has spent nearly 25 years performing and managing research and development activities related to photovoltaics and solar cells at The Energy Research Center of the Netherlands, Shell Solar and, most recently, REC Solar. Dr. Steeman was responsible for process and equipment engineering of REC’s cell production lines in Singapore, and more recently for REC’s technology strategy, as well as IP, technology benchmarking and technology surveillance.

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