27
Sep

ALBUQUERQUE, N.M., Sept. 27, 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 has received the Association of University Research Parks’ (AURP) Innovation Award for its pioneering work in the development and commercialization of high-efficiency multi-junction solar cells for space and terrestrial solar power applications.

SolAero started its efforts to design and manufacture radiation-hardened, high-efficiency multi-junction solar cells for satellite and space power applications at the Sandia Science & Technology Park (SS&TP) in early 1998. The research and development team licensed background intellectual properties related to multi-junction solar cells from Sandia, the Air Force Research Laboratory, and the National Renewable Energy Laboratory. From there SolAero formed its Photovoltaics division in Albuquerque, New Mexico and built its 160,000 square foot state-of-the-art semiconductor wafer fabrication facility. Today that facility is one of the largest multi-junction solar cell manufacturing plants in the world.

SolAero’s high-efficiency multi-junction solar cells have led the way in the transformation of the space solar power industry over the past 15 years. SolAero’s entry into the industry has advanced solar cell efficiency from 17%, the standard for silicon-based technology prior to 1998, to a 37% conversion efficiency for its latest generation Inverted Metamorphic Multi-Junction (IMM) solar cells that are currently being introduced to volume production. With the success of the commercialization of high-efficiency multi-junction solar cells for space power applications, SolAero relocated its corporate headquarters from New Jersey to the SS&TP in Albuquerque in 2006.

“SolAero is more than deserving of the AURP’s Innovation Award,” said Jackie Kerby Moore, Executive Director of the SS&TP. “They are creating products used in the global marketplace, and they are doing most of that right here in the Sandia Science & Technology Park.”

About the Sandia Science & Technology Park

Internationally recognized, master-planned, and strategically located, Albuquerque’s Sandia Science & Technology Park (SS&TP) is home to companies, engineers, and researchers involved in advancing new technologies. Currently 33 companies and organizations and more than 2,000 employees reside in the SS&TP’s 340-acre high-tech campus. For more information on the SS&TP, visit http://www.sstp.org/.

About the Association of University Research Parks

The Association of University Research Parks (AURP) was formed in 1986 when a handful of farsighted research, technology and science park directors, recognizing that the concept of research-institute related parks was taking hold in boardrooms around the world, organized the first international conference in the United States to discuss the future of research, science and tech parks. It is a non-profit international organization that represents the leadership of technology developments, which are designed to promote research institute industry relations that foster innovation and facilitate the transfer of technology from such institutions to the private sector. For more information on the AURP, visit http://www.aurp.net/.

CONTACT:

SolAero Technologies Corp.
Navid Fatemi
Vice President
(505) 332-5000
navid_fatemi@@solaerotech.com

 

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