Trade.Information

Company Name: Innovalight, Inc.

Company Type: Solar energy manufacturer

Company Profile

Innovalight is focused on bringing high efficiency, low-cost solar modules to the marketplace. Enabling this manufacturing paradigm shift is the company’s silicon ink, which has been in development since 2002. Historically, silicon has been processed either as a solid or as a gas. Using liquid based processing Innovalight will dramatically improve the cost and efficiency of today’s solar modules.

The Company was recognized as a Technology Pioneer winner at the Annual Meeting of the World Economic Forum held in Davos, Switzerland and was selected by the United States Department of Energy for its 2008 PV Incubator program. The Company has been extensively profiled in Time, CNN, and other major news and industry organizations as a technology leader crusading for new, cleaner energy solutions.

Innovalight is a venture capital financed company based in the heart of Silicon Valley.

The Management committee of Innvalight are as follows :

Conrad Burke - President & CEO

Mr. Burke brings over 17 years of proven expertise guiding innovative semiconductor and optical technologies into the commercial market.

Prior to Innovalight, Conrad was senior vice president of worldwide sales and marketing for Bookham Inc. Before Bookham, Mr. Burke was a venture partner at Sevin Rosen Funds, a leading US-based venture capital firm. His career has spanned research and development, product management, marketing, sales, general management and operations in major global organizations, NEC, AT&T, Lucent Technologies and Agere Systems. He was also the first executive hire at OMM Inc., a venture backed startup based in San Diego, California focused on developing MEMS based optical switching systems. He has deep international experience having lived in and run major divisions of these large companies in Germany, UK and Japan.

Conrad represented Innovalight at the World Economic Forum’s Annual Meeting in Davos, Switzerland in 2006 to receive The Technology Pioneer Award for Environmental and Energy Technologies.

Conrad is on the board of directors of Capella Inc., a subsystems manufacturer based in San Jose, California. He has a MS in Physics from Trinity College, Dublin, a BS in Physics from University College, Dublin, Ireland and he has also attended The London Business School.

Dr. Homer Antoniadis - CTO & VP of Engineering

Dr. Antoniadis brings a rich background of technical and engineering leadership in photovoltaics and other large area optoelectronic applications to Innovalight. His 15 year career spans Osram Opto Semiconductors, Hewlett-Packard Labs, Agilent Technologies and Xerox and he is widely recognized as a regular invited lecturer and conference chair at leading industry events. At Osram he led the product development efforts from R&D through production for a variety of OLED displays. He also brings valuable knowledge and experience in the area of high-throughput, low-cost, printable electronic technologies.

Dr. Antoniadis has more than 50 publications in photovoltaics, OLEDs, polymer materials and amorphous silicon and has 17 issued US patents.

Homer has a PhD and MS in Physics from Syracuse University and a BS in Physics from Ioannina University, Greece.

Tu Du – Vice President, Operations

Tu brings to Innovalight over 17 years of semiconductor processing, and solar cells manufacturing in both development and high-volume production environments. Tu joined Innovalight from Advent Solar, New Mexico where he was Director of Engineering since 2005. Tu was responsible for building out the production engineering organization and managed the technology ramp up of a 25MW photovoltaic cell and module manufacturing site.

Prior to Advent Solar, Tu spent 10 years of his career at Intel Corporation, spanning manufacturing, process development and engineering. He held numerous engineering and operation roles where he led factory level efforts in improving yield, output, and costs. Tu has also worked at Sandia National Laboratories on developing monolithic integration of diffractive optics on GaAs VCSEL.

Tu has a Master of Science in Electrical Engineering from the University of New Mexico and a Bachelor of Science in Optics from The University of Rochester, New York.

Nick Cravalho - Director of Business Development

Mr. Cravalho brings a rich history of commercializing innovative technologies to Innovalight.

Most recently, as a Product Manager at the thin-film solar start-up Miasole, Mr. Cravalho was responsible for product strategy, solar market analysis and product cost. Prior to Miasole, he worked in the Business Development group at Kiva Systems, a warehouse automation company. Mr. Cravalho spent the first seven years of his career at Applied Materials where he managed engineering and commercialization teams in the design, development and commercial launch of automated material handling equipment.

Mr. Cravalho received his Masters in Management and Engineering from the Sloan School of Business and the School of Engineering at the Massachusetts Institute of Technology. He also has a Bachelor of Science in Mechanical Engineering from the University of California, Berkeley.

Dr. Karel Vanheusden - Director of PV Ink Development

Dr.Vanheusden has overall responsibility for Innovalight’s thin-film solar cell printing platform.

Dr. Vanheusden joined Innovalight from Cabot Corporation’s printable electronics business unit. He has over twelve years of experience spanning research and product development. He has managed major strategic programs using nano-particle based thin-film technologies for electronic applications.

At Cabot Corporation, Dr. Vanheusden has managed teams of chemists and engineers in developing commercial ink-jet printed flexible electronic products for major global brands such as Samsung, Epson, Nokia and Kodak.

He received his PhD and MSc in Physics from Katholieke Universiteit Leuven, Belgium and he is an inventor of over 20 patents.

Dr. Vanheusden is the principle author of over 50 publications in major scientific journals and has presented his work at major international conferences.

Dr. Francesco Lemmi - Director, Device Development

Dr. Lemmi brings over 12 years of experience and leadership to Innovalight in the development of low-cost solar cells and thin-film transistor products.

Dr. Lemmi has a rich background in amorphous and polycrystalline silicon technologies as well as a deep understanding of ultra low temperature thin-film processing. He has held a number of key senior engineering and management positions spanning Nanosys Inc., FlexICs Inc., and Xerox Palo Alto Research Center (PARC).

Dr. Lemmi is the author of 9 US patents and has over 40 publications in major international technical journals. He has an MS and a PhD in Electrical Engineering from the first University of Rome, Italy.

Christina Teng - Director of Finance

Ms. Teng has over fifteen years of hands-on and senior management experience in corporate finance at major public corporations and venture backed technology startup companies, including financial planning, accounting, treasury, taxation, mergers and acquisitions, risk management and stock administration. Prior to joining Innovalight, Ms. Teng was controller for Crossbow Technology, Inc. Before joining Crossbow, Ms. Teng was divisional controller for the US operations of Bookham, Inc. Prior to Bookham, Ms. Teng has held various financial management positions at New Focus, Inc., MMC Technology Inc., Digital Video Systems, and California Microwave, Inc. Earlier in her career, Ms. Teng spent over three years with KPMG as an auditor of major public companies.

Ms. Teng is a California certified public accountant and has a BS in Business Administration from University of California, Berkeley.

Alex Sousa – Counsel

Mr. Sousa’s experience is as diverse as his technical knowledge. He has prepared and prosecuted over 100 patent applications in areas as varied as semiconductor plasma etching, networking hardware, solar panel clamping systems, 3G wireless software, and micro-turbine power generation.

Prior to becoming an attorney, Mr. Sousa was a program manager at Repeater Technologies, and both a middleware marketing manager and a microprocessor program manager at Hewlett-Packard.

Mr. Sousa received a J.D. from Santa Clara University School of Law. He also received a MBA from the University of Michigan Business School where he was Managing Editor of the Monroe Street Journal, and a B.S.M.E. from the United States Military Academy, West Point.

Mr. Sousa is registered to practice before the U.S. Patent and Trademark Office and is a member of the California Bar.

INVESTORS :

• ARCH Venture Partners
• Apax Partners
• Convexa Capital
• Harris & Harris Group, Inc.
• Scatec
• Sevin Rosen Funds
• Triton Ventures

About Company

Innovalight is focused on bringing high efficiency, low-cost solar modules to the marketplace. Enabling this manufacturing paradigm shift is the company’s silicon ink, which has been in development since 2002. Historically, silicon has been processed either as a solid or as a gas. Using liquid based processing Innovalight will dramatically improve the cost and efficiency of today’s solar modules.

The Company was recognized as a Technology Pioneer winner at the Annual Meeting of the World Economic Forum held in Davos, Switzerland and was selected by the United States Department of Energy for its 2008 PV Incubator program. The Company has been extensively profiled in Time, CNN, and other major news and industry organizations as a technology leader crusading for new, cleaner energy solutions.

Innovalight is a venture capital financed company based in the heart of Silicon Valley.

At the core of Innovalight’s technology is its proprietary silicon ink. Silicon ink combines the material advantages of silicon with the cost advantages of liquid based processing. Silicon is the second most abundant element in the earth’s crust, is non-toxic and has a rich history in both semiconductor and solar industries. However, processing this high purity material today is expensive due to substantial electrical and capital equipment requirements. Shifting from low throughput vacuum based processing to high throughput atmospheric inkjet manufacturing will retain the material advantages while reducing the cost to produce the product, which is a necessity for solar energy to compete with carbon emitting sources of electricity.

Innovalight has spent the last six years designing, developing and scaling its silicon ink technology. The silicon ink can be used for a variety of different applications, but Innovalight has focused solely on solar energy in order to accelerate its time to market. To date, the company has over sixty patents at various stages in the patent process. To further advance the technology, Innovalight has worked closely with leading research institutions, including the United States National Renewable Energy Laboratory (NREL).