SOURCE: Technic Inc.

Technic Inc.

Technic Inc.

November 19, 2014 05:00 ET

Technic Inc. Receives a $900,000 U.S. Department of Energy SunShot Initiative Award to Reduce Costs of Solar Cell Manufacturing

CRANSTON, RI--(Marketwired - Nov 19, 2014) - Technic Inc. announced today that it has received a $900,000 award through the U.S. Department of Energy SunShot Initiative. The award has been provided in support of the company's research and development of Alternative Seed Layer Technology (ASL). Technic's ASL Technology will provide manufacturers with lower front side solar cell metallization material costs while maintaining and improving cell efficiencies. The ASL process is designed to metallize a solar cell through the use of light induced plating of nickel, copper and tin. The award is provided to match Technic's ongoing research and development in solar technologies, which will bring the shared investment to 1.8 million dollars.

"Technic maintains a strong commitment in the development of innovative solutions for the solar industry. The company is uniquely positioned to provide the technical and engineering expertise to help bring about significant advances in solar manufacturing technology. We are delighted to be part of this ambitious and challenging project with the Department of Energy SunShot Initiative."

Anthony J. Gallegos 
Technic Global Product Manager, Solar Technology

About the U.S. Department of Energy SunShot Initiative
The U.S. Department of Energy (DOE) SunShot Initiative is a collaborative national effort that aggressively drives innovation, with the goal of making solar energy fully cost-competitive with traditional energy sources by the end of the decade. Through SunShot, DOE supports efforts by private companies, universities, and national laboratories to drive down the cost of solar electricity to $0.06 per kilowatt-hour.

Learn more at http://www.energy.gov/sunshot

About Technic
Technic Inc. is a Rhode Island based, privately held corporation with over 900 employees worldwide. For 70 years, Technic has been a global supplier of specialty chemicals, custom finishing equipment, engineered powders, and analytical control systems to the electronic component, printed circuit board, semiconductor, industrial finishing and decorative industries. Technic is also a major supplier of engineered metal powders to the solar industry.

Learn more at www.technic.com or contact us at (401) 781-6100.

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