H.I.G. Growth Partners News
fama PR (for Suniva)
Suniva Selected as an AlwaysOn East Top 100 Winner
Industry-Leading Solar Company Recognized for its Technology Innovation and Market Potential
NORCROSS, GA - June 17, 2010 - Suniva, Inc., a U.S. manufacturer of high-efficiency monocrystalline silicon solar cells and modules, today announced that it has been named by AlwaysOn as one of the AlwaysOn East Top 100 winners. Suniva was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
Suniva and the AlwaysOn East Top 100 companies will be honored at AlwaysOn’s Venture Summit East event on June 21st, 2010, at Harvard Business School in Boston, MCA.
"After examining the companies that are on the AOE100 list, it's obvious that innovation is not only alive and well on the East Coast, it's accelerating in economic power and scope." says Tony Perkins, founder and editor of AlwaysOn. "The companies certainly represent some of the highest-growth opportunities in the private company marketplace."
This award continues Suniva’s momentum of recent achievements. The company was recently named the “Renewable Energy Exporter of the Year” by the Export-Import Bank of the United States, and was ranked as The Wall Street Journal’s 2nd most promising Venture-Backed Clean Technology Company and the 15th overall Venture-Backed Company across all industries. Suniva was also included in GreenTech Media’s list of the Top 50 VC-Funded Greentech Startups and was named to the TIEcon Top 50 in the cleantech category.
“The Suniva team has worked very hard to produce some of the world’s most efficient, high-power solar products as a cost-effective and clean alternative to non-renewable fossil fuels,” said John Baumstark, chairman and chief executive officer of Suniva. “We are happy to be recognized by AlwaysOn for creating new market opportunities on the east coast and around the globe and look forward to remaining at the forefront of the solar industry for years to come.”
With its expanding, diverse and skilled workforce, Suniva is producing world-class technology and generating record setting screen printed solar cell efficiencies in development and production. For more information about Suniva and its products, please visit www.suniva.com.
Based in Norcross, GA, Suniva® manufactures high-efficiency monocrystalline silicon solar cells and high power solar modules with low-cost techniques in order to make solar-generated electricity cost-competitive with fossil fuels. Suniva leverages exclusive licenses to critical patents and patent-pending intellectual property developed by founder and CTO, Dr. Ajeet Rohatgi, at the Georgia Institute of Technology's University Center of Excellence for Photovoltaic Research, which is funded by the Department of Energy. Led by an internationally regarded team of business executives and photovoltaic scientists, Suniva sells its advanced solar cells and modules Powered by Suniva™ worldwide, renewing U.S. leadership in the new energy economy. For additional information, please visit www.suniva.com.