Signet Solar Enters Solar Energy Market

Signet Solar, Inc. just announced its entry into the renewable energy market with its silicon thin film solar technology.

The company, which was founded by a team of semiconductor technologists and manufacturing executives who will enable the design and production of photovoltaic (PV) modules suitable for solar farms, large commercial installations, building integrated photovoltaics, and remote habitation, is establishing its first production line and R&D headquarters near Dresden, Germany. The company has signed a contract with U.S.-based Applied Materials, a global company involved in nanomanufacturing technology solutions, for a fully integrated thin film silicon solar PV module production line using the large glass substrates that are greater than five square meters. Signet Solar plans to ramp up its production using the Applied Materials equipment line by mid-2008. The R&D center will focus on developing and implementing innovative product designs, device architectures and manufacturing methods. The production line near Dresden will then be replicated at locations worldwide. According to Dr. Rajeeva Lahri, Co-Founder, President and CEO of Signet Solar, “The real driver for the $10 billion solar PV industry is cost-per-watt. We will combine U.S. technology and German engineering to achieve a benchmark PV module manufacturing cost structure with world-class quality and reliability.” “Our vision is to make solar energy a viable choice for a sustainable energy future,” said Dr. Prabhu Goel, Chairman and Founder of Signet Solar.
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