ALBUQUERQUE, N.M., Jan. 29, 2013 (GLOBE NEWSWIRE) — SolAero Technologies Corp. a leading provider of high efficiency solar cells, assemblies and panels for space power applications announced today that it recently delivered its 1 millionth high-efficiency, multi-junction solar cell to Space Systems/Loral (SS/L), which will ultimately represent more than a megawatt of power delivered into space. SolAero and Space Systems/Loral will mark the occasion with a special event at SolAero’s Albuquerque facilities during the week of February 25, and with a commemorative award symbolizing the 1 millionth solar cell.
SolAero has been supplying Space Systems/Loral with high-efficiency, multi-junction solar cells for more than 10 years and in May 2009 announced a long term supply agreement with Space Systems/Loral to continue manufacturing and delivering solar cells for their spacecraft programs through 2014. SolAero’s business relationship with Space Systems/Loral has been integral to the development of the Company’s photovoltaics division and the growth of its space satellite solar power business. Since its formation in 1998, SolAero, has grown to be the world’s leading manufacturer of high-efficiency, multi-junction solar cells for space power applications.
“The SolAero team continually demonstrates their dedication to our business,” said Vivian Mackintosh, Vice President of Supply Chain Management at Space Systems/Loral. “SolAero is more than just a supplier to SS/L. We have developed a close collaborative working relationship that ensures on time delivery and the highest level of quality.”
“Delivering 1 million solar cells for more than 50 successful satellite launches by Space Systems/Loral is a tremendous milestone for SolAero and our space satellite solar business,” said Dr. Brad Clevenger, Chief Executive Officer at SolAero. “We are especially proud to have achieved this milestone with our solar cells meeting all requirements for performance and reliability. We are delighted and very grateful to continue this relationship, and we look forward to working with Space Systems/Loral to power their satellite missions for many years to come.”
SolAero’s industry-leading multi-junction solar cells have a Beginning-Of-Life (BOL) conversion efficiency nearing 30% and the option for a patented, onboard monolithic bypass diode to provide the highest available power to interplanetary spacecraft and earth orbiting satellites. SolAero’s proven manufacturing capability, technology leadership, and high-reliability solar cells and panels make us the supplier of choice for demanding spacecraft power systems.
About Space Systems/Loral
SS/L has a long history of delivering reliable satellites and spacecraft systems for commercial and government customers around the world. As the world’s leading provider of commercial satellites, the company works closely with satellite operators to provide spacecraft for a broad range of services including television and radio distribution, digital audio radio, broadband Internet, and mobile communications. Billions of people around the world depend on SS/L satellites every day. For more information, visit www.ssloral.com.
SolAero Technologies Corp.