2007-02-28 21:06:44 -
SANTA CLARA, California, February 28 /PRNewswire/ --
- Solar Industry Leader Alf Bjorseth Appointed as Director
Innovalight, Inc., a privately-held firm developing silicon-ink based
printed solar cells, today announced that eminent industry entrepreneur Alf
Bjorseth has joined its board of directors.
(Photo: www.newscom.com/cgi-bin/prnh/20070227/SFTU065 )
Dr. Bjorseth is founder and former president and chief executive officer
of Renewable Energy Corporation (REC), one of the largest vertically
integrated solar energy companies in the world. REC is
also the world's
largest manufacturer of solar-grade polysilicon and wafers.
In 1994, Dr. Bjorseth started ScanWafer, specializing in the production
of multicrystalline silicon wafers for the solar industry. He subsequently
started three additional companies related to solar cell and module
production, as well as a solar module installation company. These companies
were later merged into one holding company, Renewable Energy Corporation
(REC), of which Dr. Bjorseth served as president and CEO from the start.
In 2005 Dr. Bjorseth retired as president and CEO of REC and is currently
chairman of Scatec AS, which focuses on establishing new companies based on
advanced technologies in the area of renewable energy and materials.
"We are truly honored to have Alf Bjorseth join our board," said Conrad
Burke, president and chief executive at Innovalight. "Alf's inspiring track
record in building successful global solar energy companies will be
invaluable in helping guide our long-range strategy," he added.
"Innovalight's approach to developing solar cells with novel silicon ink
processing is very promising," said Dr. Bjorseth. "This is an exciting period
for new and emerging technologies in the field of solar energy," he added.
Innovalight was recently recognized as a Technology Pioneer award winner
at the Annual Meeting of the World Economic Forum (Davos, Switzerland) for
the company's promising potential to substantially reduce the cost of
producing clean, renewable energy.
About Innovalight, Inc.
Innovalight, founded in 2002 is based in Santa Clara, California. The
company is a vertically integrated early-stage firm developing a new platform
of ultra low-cost, high-performance solar cells based on silicon
nanotechnology. Innovalight is venture capital backed by ARCH Venture
Partners, Apax Partners, Harris & Harris Group, Inc., Sevin Rosen Funds and
Triton Ventures. More information on Innovalight can be found at
www.innovalight.com .
Web site: www.innovalight.com
Source: Innovalight, Inc.
