March 04, 2015 5:59 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of tenKsolar, Inc.

Company Overview

tenKsolar, Inc. designs, manufactures, and markets solar photovoltaic packaging solutions. It offers RAIS Wave, a flat roof/ground mount system. The company was founded in 2008 and is based in Minneapolis, Minnesota.

9231 Penn Avenue South

Minneapolis, MN 55431

United States

Founded in 2008

Phone:

952-303-7600

Fax:

952-303-7601

Key Executives for tenKsolar, Inc.

Chief Executive Officer
Founder, President and Chief Technology Officer
Age: 51
Chief Financial Officer
Vice President of Operations
Senior Vice President of Special Projects
Compensation as of Fiscal Year 2014.

tenKsolar, Inc. Key Developments

Today's Power, Inc. Executes Exclusive Distribution Agreement with tenKsolar, Inc

Today's Power, Inc. (TPI) was recently formed to provide renewable energy solutions, energy efficiency programs, and emergency backup generators for large commercial, industrial or utility customers. The company has executed an exclusive distribution agreement to promote and sell tenKsolar products in Arkansas, Tennessee, Mississippi, Louisiana, Oklahoma and Missouri. TPI is an authorized distributor and installer for tenKsolar photovoltaic systems. The exclusive distribution agreement will allow TPI to provide solar equipment and installation services throughout AECI's traditional service footprint. TPI was formed to provide cost-effective products in solar generation technology and other energy management options.

tenKsolar Expands Manufacturing Capabilities into Thailand

tenKsolar announced the expansion of their production lines with new manufacturing facilities in Thailand. This capacity will be in addition to tenK's existing manufacturing facilities, operating in Shanghai and Minneapolis, MN. The new manufacturing lines will allow tenK to meet the rising demand for their RAIS PV Systems. tenK's operations in Thailand will include module assembly operations and lamination. Volume shipments from the Thailand facilities will begin in February 2015.

TenKsolar Announces The XT DUO

tenKsolar (tenK) announced the XT DUO, a new product in the RAIS(R) XT family of PV solutions that will reduce hardware costs and increase the energy density of rooftop solar arrays. The XT DUO offers the best energy density in the solar market, and has been launched into full commercial production. Already widely known for its PV systems utilizing reflective racking, the XT DUO builds on tenK's module-level rapid-shutoff capability, ensuring that all tenK rooftop PV systems are safe from arcs and fire risks. tenK's fault tolerant architecture helps lower the cost of maintenance of PV systems by ensuring the system is only minimally impacted in the event of a component failure or damage to the system.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 26, 2014
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