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May 06, 2015 1:20 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

tenKsolar, Inc. and SoCore Energy LLC Announce Strategic Collaboration to Bring Maximum Energy Density PV Systems to Minnesota Market

tenKsolar and SoCore Energy announced that they are joining forces to deliver commercial and community solar garden projects built on tenK's PV systems technology. The collaboration aligns with the market's demand for community solar gardens, a form of distributed generation consisting of centrally located arrays of PV panels shared by multiple subscribers, and features high efficiency projects in the commercial sector, supporting strong financial return, unmatched reliability and low voltage safety.

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.

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Recent Private Companies Transactions

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Date
Target
Private Placement
April 2, 2015
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Private Placement
September 26, 2014
--
 

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