July 27, 2016 2:01 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of MiaSolé, Inc.

Company Overview

MiaSolé, Inc., a solar energy company, develops and manufactures copper indium gallium selenide (CIGS) thin-film photovoltaic solar panels in California. The company works with utilities, independent power producers, and integrators to install its CIGS products globally in utility ground mount and commercial rooftop projects. It ships its products to customers in the United States, Germany, Spain, Italy, France, Portugal, India, and Saudi Arabia. MiaSolé, Inc. was formerly known as Raycom Technologies. The company was founded in 2001 and is based in Santa Clara, California. As of January 9, 2013, MiaSolé, Inc. operates as a subsidiary of Hanergy Holdings Group Company Ltd.

2590 Walsh Avenue

Santa Clara, CA 95051

United States

Founded in 2001

Phone:

408-456-5700

Fax:

408-456-5701

Key Executives for MiaSolé, Inc.

Chief Executive Officer
Age: 49
President
Age: 60
Chief Financial Officer
Age: 60
Vice President of Process Technology
Vice President of Global Business Development and Sales
Compensation as of Fiscal Year 2016.

MiaSolé, Inc. Key Developments

General Membrane SpA and MiaSolé Enter into Strategic Partnership Agreement

General Membrane SpA and MiaSolé have entered a strategic partnership agreement. General Membrane will integrate the MiaSolé flexible thin-film CIGS (Copper Indium Gallium Selenide) FLEX module-the thin-film lightweight flexible module with an aperture efficiency rating of up to 17%-into their new General Solar PV FLEX, a solution for the waterproofing sector. General Solar PV FLEX is composed of MiaSolé flexible modules adhered to a General Membrane bituminous or synthetic waterproofing layer. General Solar PV FLEX becomes an integral part of the roof and offers the double benefit of waterproofing and generation of electricity, and can be used on new and existing flat or sloping roofs as well as roofs with variable geometry, such as curves. The MiaSolé FLEX module has several features that make it ideal for General Membrane's waterproof membranes. In addition to its high efficiency rating, the low weight of the module (<2.9kg/m2) allows installation on roofs that cannot support the weight of traditional glass solar panels. The peel-and-stick application allows the FLEX module to be fully integrated into the membrane, conforming to curved surfaces and offering superior resistance to wind. The MiaSolé FLEX Series module is IEC 61646 & IEC 61730 and UL 1703 certified.

MiaSolé Announces Certification of Flex-02 Solar Modules UL, IEC and Class A

MiaSolé announced that its CIGS-based, thin-film FLEX-02 solar modules are IEC 61646, IEC 61730, UL 1703 certified and UL 790 Class A fire rated. The MiaSolé FLEX module is the high efficiency flexible, lightweight thin-film solar module on the market, with production efficiencies of 16%. The FLEX module provides high power density for many types of applications-from roofing to reservoir and landfill covers, to auto, truck and other transportation applications through off-grid and consumer applications. The FLEX modules are produced in high volume at MiaSolé's Heyuan, China factory, which has passed UL, IEC, and ISO9001 qualifications. FLEX-02 modules provide customers significant benefits. The low weight of the module (<0.7 lb/sq ft) allows installation on roofs and other structures that cannot support the weight of traditional glass solar panels. Because the FLEX-02 modules adhere directly to the surface of the structure or object, there are no penetrations or damage.  The FLEX-02 is also aesthetically pleasing, blending into roofs, vehicles and other structures and preserving the original look without unsightly racking. The low-profile FLEX-02 module provides superior wind resistance and a seismic advantage over traditional rack-and-panel systems where their higher profile increases the likelihood of damage in a hurricane or earthquake.

ClearWorld LLC and MiaSolé Enter Multi-MW, International Sole Supplier Agreement

ClearWorld LLC, and MiaSolé have entered into an exclusive Multi-MW agreement in which MiaSolé will be the sole supplier of flexible, lightweight solar panels for ClearWorld's LED lighting system, RETROFLEX. ClearWorld RETROFLEX, available internationally, is a patented lighting technology that brings clear cost-saving and environmental benefits to clients. RETROFLEX light poles harness solar energy and provide outdoor lighting that preserves resources, requires no moving parts, and is virtually maintenance free. The RETROFLEX unit supports wireless monitoring for faults as well as wireless programming including dimming capabilities. Its unique design allows the panels to be affixed to any dimension, diameter, or finish, and will work with any existing pole without compromising the integrity of its design. MiaSolé FLEX modules are the most efficient thin-film lightweight flexible modules on the market with an efficiency rating of 16%, generating the most power possible. For ClearWorld, the power generated by a MiaSolé module is sufficient to charge a backup battery that can power an LED streetlight for up to eight days, meaning even in times of inclement weather the light will be operational.

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