Firsthand Technology Value Fund Inc. made a direct investment in concentrated photovoltaics (CPV) manufacturer Skyline Solar Inc., joining NEA and other investors. The investment sum was not disclosed.

November 8, 2011 - GlobeNewswire via COMTEX -- Firsthand Technology Value Fund Inc. made a direct investment in concentrated photovoltaics (CPV) manufacturer Skyline Solar Inc., joining NEA and other investors. The investment sum was not disclosed.

"Cost is everything when it comes to solar," noted Kevin Landis, portfolio manager for Firsthand Technology Value Fund. "We believe Skyline Solar's unique approach gives the company the opportunity to become a low-cost leader in the utility-scale PV market."

Skyline recently broke ground on the largest CPV plant in Latin America, located in Durango, Mexico. The company has also been selected by the U.S. Department of Defense for the deployment of systems at two domestic military bases. Listen to a recent interview with Skyline Solar's Tim Keating, VP of marketing and field operations.

Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.

Skyline Solar manufactures CPV for utility-scale solar energy generation. Internet: www.skyline-solar.com.

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