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December 02, 2015 12:49 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





Key Executives for MiaSolé, Inc.

Chief Executive Officer
Age: 48
Age: 59
Chief Financial Officer
Age: 59
Vice President of Process Technology
Vice President of Global Business Development and Sales
Compensation as of Fiscal Year 2015.

MiaSolé, Inc. Key Developments

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.

McElroy and MiaSolé Partner to Provide Solar Power for NatureBridge's Yosemite Science Center

MiaSolé in partnership with McElroy Metal, has been selected by Siegel & Strain Architects as the provider of solar panels for the redesigned NatureBridge National Environmental Science Center in Yosemite National Park, California. The NatureBridge National Environmental Science Center will host residential environmental science programs in Yosemite National Park that offer students in grades K-12 the opportunity to learn hands-on science. The facility will also be used to provide professional development classes to adults such as Wilderness First Responder Recertification courses. A demonstration of the project using the MiaSolé FLEX panels will be on display at the NatureBridge Gala at the Four Seasons Hotel in San Francisco on June 4th, 2015. At the gala, guests will be able to see how the low-profile MiaSolé panels will unobtrusively enhance the look of the McElroy Metal Standing Seam roofing panels while providing renewable power to the building. The low-profile, extremely efficient FLEX panels will support NatureBridge's mission of broadening environmental education in the National Parks. In early 2015, MiaSolé entered into a partnership with McElroy Metal to sell MiaSolé FLEX series thin-film solar modules as part of McElroy Metal's solar panel solutions. The MiaSolé thin-film modules carry an 15.5% efficiency rating with a simple peel-and-stick application method that reduces balance of system costs by 20%. McElroy will offer MiaSolé modules factory laminated directly to their metal roof panels to create a lightweight, low profile solar energy solution durable in extreme, high wind and seismic zones and on buildings with limited load bearing roofs.

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