August 6, 2008 by Peach Seedz
Suniva’s Big Deal
Suniva today announced that they signed a deal to sell $500 million in solar cells to Solon AG.
Money quote, "Suniva expects to go public at some point."
With sales like that I suppose they do.
July 14, 2008 by Peach Seedz
New ATDC Member Qoil Technologies Saves Oil!
Recent new member Qoil Technologies, Inc. enables owners of fleet vehicles to reduce oil consumption, increase operating efficiency, and lower maintenance costs with innovative fluid condition monitoring systems.
Qoil’s sensor technology enables real-time or near real-time monitoring of the engine oil vs. a current manual drawing, shipping and measuring of samples with an untimely three-week lagging result. A delay of this length, when there are engine problems, can lead to catastrophic engine failure.
Qoil’s sensors are a highly sensitive, low cost and the hardware/software solution with no moving parts. Qoil sensors can detect contamination, depleted additives, or charged molecules. The fleet market is one of many vertical applications that Qoil could target and oil is one of many fluids their sensor can monitor. The company is highly focused on gaining success in fleet in their initial go-to-market strategy.
Qoil Technologies graduated from Georgia Tech’s Venturelab with the basic technology originating in the lab of Dr. Steven Danyluk, Georgia Tech professor and Director of the Manufacturing Research Center, who was also founder of ATDC graduate Qcept Technologies.
Qoil recently closed on a $1M angel round of capital, which will be used for a substantial pilot of its technology with a large fleet operator after having completed successful alpha trials on several commercial vehicles including some Georgia Tech buses.
ATDC met Qoil’s founding CEO Frank Mess several years back when he participated in one of our bootcamps, the FastTrac Tech program, a program of the Kauffman Foundation.
We are happy to welcome Frank and Dr. Danyluk into our ATDC member community!!
June 27, 2008 by Peach Seedz
Suniva Strokes Big Check
As in $300,000,000 big. To Renewable Energy Corp. For a supply deal to get them silicon wafers (which happens to be in short supply) over the next five years.
The important thing is this, the $300 million is essentially Suniva’s raw material costs. Multiply the figure by say three or four. Gives you some idea of what they are planning their sales to be over the next five years.
June 11, 2008 by Charles Ross
Sunny Days for Suniva
Last week ATDC member company Suniva announced its plans to locate a $75 million plant in Norcross. This initiative will create 100 high quality jobs and is a great win for Partnership Gwinnett, ATDC, and the state of Georgia. The plant is forecasted to be operational in the fall.
Suniva is forecasting that this is just the beginning of some big things. The company is aiming for $10 million in revenues this year and will be profitable next year with $100 million in sales.
That’s hot.