June 22, 2017 10:37 PM 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

MiaSolé Announces New Sales Channel Partnership with Inovateus Solar to Distribute Flexible, Ultra-Light Solar Products

MiaSolé announced a new sales channel partnership with Inovateus Solar, to distribute MiaSolé's new line of next-generation, ultra-lightweight flexible solar panel products. This strategic sales partnership will help MiaSolé expand the market penetration of flexible solar into new markets, new applications, and new locations on and off the grid, to make it increasingly possible to overcome obstacles to solar adoption and put solar power generation anywhere the sun shines. MiaSolé's new line of flexible solar products represents a significant generational shift compared to previous versions of thin-film, flexible technology. The new MiaSolé flexible solar panels are highly efficient (up to 17% efficiency; 2x more efficient than previous flexible thin-film models), thin (only 2.5 mm), highly wind resistant and shatterproof, and ultra-lightweight (less than 0.5 lb per square foot, or 4x lighter than previous flexible solar modules). The ultra-lightweight form of MiaSolé's new flexible solar product makes it possible to open up new applications for solar. In addition, MiaSolé's new flexible solar product adheres to surfaces with a simple peel-and-stick attachment method, which reduces labor costs and enables more widespread, adaptable installations of the flexible solar modules.

MiaSolé Announces the Availability of its Next Generation FlexibleUltra-Light Solar Technology Products

MiaSolé announced the availability of its Next Generation FlexibleUltra-Light Solar Technology Products. As solar power is one of the fast growing and most promising clean energy sources with almost 70GW of worldwide installations forecast in 2016, MiaSole's Next Generation Flexible technology delivers significantly higher levels of efficiency (up to 17% efficient - twice as efficient than previous flexible, thin-film, solar technology) in a flexible, thin, ultra-lightweight form factor (4x lighter than traditional rigid solar panels). MiaSolé's Next Generation Flexible solar technology product can be installed in any location, anywhere the sun shines, on and off the grid – even in places where it previously was not possible to install solar, with an energy payback of less than half a year. The company has achieved high volume scale production and started to ship volume orders in 2016. In the past, solar installations were limited to rigid glass panels that could only be installed in certain conditions based on the type of structure or roofing of the building. MiaSolé's new ultra-light, high-efficiency flexible solar product will open up new markets, create new applications, and enable new product design possibilities for manufacturers to integrate solar solutions into their products. MiaSolé's new products are part of a broader trend in the solar power industry toward more versatile integrations of solar panels into roofing and other products; for example, Elon Musk recently announced that SolarCity intends to start offering a new "solar roof" product with integrated solar technology, and Musk was quoted as saying that "instead of just selling solar panels that can be placed on someone's existing roof, SolarCity can sell the entire roof itself with the solar power capabilities built into it, potentially opening up a whole new market." MiaSolé is already developing partnerships to create new types of roofing and other Building Integrated Photovoltaic (BIPV) products with solar power integrated into them. McElroy Metal is partnering with MiaSolé to create innovative solar roofing solutions. MiaSolé's new flexible ultra-light solar product is the highest efficiency, thin-film solar technology on the market, with production efficiency of up to 17%, which is 2x more efficient than previous generations, and projected efficiency of greater than 18% by 2017. The solar solutions can be configured in various sizes and modified to fit any application by adhering directly to surfaces with peel-and-stick adhesive. Because they are so thin (2.5 mm), the new flexible solar panels are highly shatterproof and resistant to wind and seismic activity. MiaSolé's new flexible solar product is ushering in the "solar anywhere" movement, as it can be installed in such a wide array of locations and applications, such as: Curved and unreinforced roofs Concrete roofs (MiaSolé recently announced a strategic partnership to sell solar solutions in Japan, where many roofs are made of concrete); Unusual structures and vehicles such as carports, trucks, buses, shipping containers, trains and boats; New off-grid products and materials such as awnings, tents, or jackets; Infrastructure such as street lamps, reservoirs and landfills; Off the grid installations in the developing world and remote places where there is a need for lightweight, easy to install solar solutions. Integration with manufactured products – roofing manufacturers can use flexible solar cells to create their own customized solar solutions to sell to their customers, similar to the concept that Elon Musk has discussed of a "solar roof" product from SolarCity. MiaSolé runs production of its solar solutions from a 100-megawatt factory in China and pilot line in Santa Clara, CA.

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.

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