September 26, 2016 4:52 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of tenKsolar, Inc.

Company Overview

tenKsolar, Inc. designs, manufactures, and markets photovoltaic solutions. It provides RAIS PV System, a solar system for commercial rooftop, distributed ground mount, and carport applications; and commercial rooftop solar PV arrays. tenKsolar, Inc. has a strategic collaboration with SoCore Energy LLC. The company was founded in 2008 and is based in Minneapolis, Minnesota. It has manufacturing facilities in Shanghai, China; and Thailand.

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 and President
Age: 53
Chief Financial Officer
Vice President of Operations
Senior Vice President of Special Projects
Compensation as of Fiscal Year 2016.

tenKsolar, Inc. Key Developments

Asia Clean Capital and Ten K Solar Sign Exclusive China Partnership

Asia Clean Capital and Ten K Solar announced an exclusive distribution agreement for the Mainland China market. Under the terms of the Agreement ACC will develop solar projects in China using Ten K's patented solar technology, and Ten K will provide equipment for the projects from its Shanghai production facility. The cooperation is anticipated to achieve 40MW of installed capacity within the next eighteen months, with further increases in production capability and sales pipeline forecast thereafter.

Ten K Solar Announces Executive Changes

Ten K Solar announced that Jeffrey J. Hohn has joined the company as Chief Executive Officer, effective June 1, 2016. Hohn, who formerly served as VP and General Manager of 3M's Renewable Energy Division, will succeed Joel Cannon, a Co-Founder of Ten K Solar. Going forward, Cannon will serve as Ten K's Chief Strategy Officer and remain on the Company's Board of Directors. Hohn has held multiple direct leadership positions, serving as a VP and General Manager and VP of Business Development at companies such as 3M, Veeco Instruments, and Seagate Technology.

SafeGreen Energy Selects tenKsolar for the Construction of 1.69 MW Rooftop Systems

tenKsolar announced that they have shipped 1.69 megawatts of tenKsolar DUO for SafeGreen Energy projects in Shanghai. The solar rooftop projects are designed and constructed by SafeGreen. SafeGreen chose to install the tenKsolar DUO system because of its outstanding performance in energy density and low weight. tenK's technology allows these systems to deliver about 40% more energy from the available roof space versus conventional solar options with industry leading low weight and no roof penetrations.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 7, 2016
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