Investment Boom for Solar Energy Start-Up

January 28, 2004 [] Solaicx, a new player in the solar photovoltaic (PV) field announced it has oversubscribed its US$1 million start-up financing round from private investors and will deliver on its promise to offer solar electricity as a cost-competitive alternative to traditional electricity. The funding close follows several company achievements, including the opening of a new office and laboratory in Los Gatos, California, the filing of a number of core U.S. patents, the addition of solar energy pioneer Bill Yerkes as CTO and progress towards revenue generation. Solaicx will leverage its initial investment to develop its production equipment, build manufacturing infrastructure and accelerate product development and launch.

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