{"id":38426,"date":"2009-11-09T08:09:54","date_gmt":"2009-11-09T13:09:54","guid":{"rendered":"http:\/\/www.pehub.com\/?p=55043"},"modified":"2009-11-09T08:09:54","modified_gmt":"2009-11-09T13:09:54","slug":"applied-materials-buys-advent-solar-assets","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/38426","title":{"rendered":"Applied Materials Buys Advent Solar Assets"},"content":{"rendered":"

Applied Materials Inc.<\/strong> (Nasdaq: AMAT) has acquired the assets of Advent Solar Inc.<\/strong>, an Albuquerque, N.M.-based maker of solar cells and modules. No financial terms were disclosed. Advent Solar had raised around $114 million in VC funding, from firms like @Ventures, Battery Ventures, EnerTech Capital, Firelake Capital,, Globespan Capital Partners, New Mexico Co-Investment Partners,\u00a0Sun Mountain Capital and ZBI Ventures.<\/p>\n

PRESS RELEASE<\/span><\/strong><\/p>\n

Applied Materials, Inc., the leading supplier of equipment and services to the solar photovoltaic (PV) industry, announced today that it has acquired substantially all the assets, including the intellectual property, of Advent Solar, Inc. for an undisclosed cash amount. Advent Solar is a developer of advanced technology for crystalline silicon (c-Si) PVs. This acquisition is expected to complement Applied\u2019s portfolio of solar PV technologies and enhance its leadership in the c-Si equipment market.<\/p>\n

Advent Solar has pioneered several innovations for producing c-Si cells and modules, including technology for streamlining module assembly processes and advanced efficiency device architectures. The company, founded in 2002, is headquartered in Albuquerque, New Mexico.<\/p>\n

\u201cWe believe the acquisition of Advent Solar will increase our opportunities to provide innovative solutions for reducing module production costs,\u201d said Dr. Mark Pinto, chief technology officer and general manager of Applied\u2019s Energy and Environmental Solutions Group. \u201cCombining Advent Solar\u2019s PV technology with Applied\u2019s expertise in automated wafering and cell production equipment, we expect to deliver systems that will enhance customers\u2019 c-Si roadmaps and accelerate the reduction in cost per watt of solar electricity.\u201d<\/p>\n

After the close of this transaction, Advent Solar\u2019s assets will be integrated with Applied\u2019s Energy and Environmental Solutions Group.<\/p>\n

Safe Harbor Statement. This press release contains forward-looking statements relating to the acquisition of assets of Advent Solar and expected benefits of the transaction. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those stated or implied, including but not limited to: (a) the successful integration and performance of the acquired business; (b) demand for PV products, which is subject to many factors, including uncertain global market conditions, government renewable energy policies and incentives, cost in relation to other energy sources, and technology innovations; (c) Applied\u2019s ability to (i) develop, deliver and support a broad range of products and expand its markets, (ii) obtain and protect intellectual property rights in key technologies, (iii) manage its supply chain and production capability, and (iv) recruit and retain key employees; and (d) other risks described in Applied\u2019s SEC filings. All forward-looking statements are based on management\u2019s estimates, projections and assumptions as of the date hereof and Applied undertakes no obligation to update any such statements.<\/p>\n

Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in Nanomanufacturing Technology\u2122 solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass. At Applied Materials, we apply Nanomanufacturing Technology to improve the way people live. Learn more at www.appliedmaterials.com<\/a>.<\/p>\n

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Applied Materials Inc. (Nasdaq: AMAT) has acquired the assets of Advent Solar Inc., an Albuquerque, N.M.-based maker of solar cells and modules. No financial terms were disclosed. Advent Solar had raised around $114 million in VC funding, from firms like @Ventures, Battery Ventures, EnerTech Capital, Firelake Capital,, Globespan Capital Partners, New Mexico Co-Investment Partners,\u00a0Sun Mountain […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-38426","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/38426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=38426"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/38426\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=38426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=38426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=38426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}