Sunovia Energy Technologies, Inc. announced that it has completed its mezzanine round of financing. The company has raised a total of US $12 million, and continues to allocate proceeds to the development of its scalable Cadmium telluride (CdTe) solar cell manufacturing facility and sales of its LED-based solid-state lighting solutions.

"The core manufacturing system is designed to have a very small footprint and can be scaled to meet the increasing demands, which are anticipated for this market throughout the foreseeable future." -- Carl Smith, CEO, Sunovia