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NanoFlex Power Corporation
June 19, 2017
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NanoFlex Power Corporation and Consortium Partners Awarded $6.5 Million Contract from Army Research Office

  • Program aimed at more than doubling the power of current Army solar modules within the same footprint.
  • Addresses critical Army requirements for portable power – reduce physical burden, reduce forward logistics, and extend mission duration.
  • Cost targets achieved by reducing the production cost of ultra-high efficiency compound semiconductor solar cells through patented wafer re-use technologies.

Scottsdale, AZ, June 19, 2017  – NanoFlex Power Corporation (“NanoFlex”) (OTCQB:OPVS), a developer of advanced photovoltaic technologies, today announced that it is part of a consortium that was awarded a $6.5 million contract from the Army Research Laboratory’s Army Research Office to develop high power, flexible, and lightweight solar modules for portable power applications with more than double the power of current flexible solar modules within the same footprint at a competitive procurement cost on a dollars per Watt basis. The consortium consists of NanoFlex, SolAero Technologies (“SolAero”), a leading manufacturer of high efficiency solar cells, the University of Michigan (“UM”), and the University of Wisconsin (“UW”).  

The four-year contract was awarded by the U.S. Army Research, Development, and Engineering Command (“RDECOM”), Army Research Laboratory’s Army Research Office to SolAero, with NanoFlex, UM, and UW participating as subcontractors.  The project is under the U.S. Army Manufacturing Technology (“ManTech”) Program.

About NanoFlex Power Corporation
NanoFlex Power Corporation is engaged in the research, development, and commercialization of advanced photovoltaic technologies that enable thin-film products with industry-leading efficiencies, light weight, flexibility and lowest total system cost. NanoFlex’s sponsored research programs at USC, Michigan and Princeton University have produced an extensive patent portfolio covering flexible, thin-film photovoltaic technologies. www.nanoflexpower.com.

About SolAero Technologies Corp.
SolAero Technologies is a leading provider of satellite solar power solutions and precision aerospace structures to the global space markets, encompassing a wide array of applications including civil space exploration, science and earth observation, defense intelligence and communication, and commercial telecommunications industries. The business was founded in 1998 and is headquartered in Albuquerque, New Mexico, USA. For more information about SolAero, visit https://solaerotech.com/

Contact:
Trina Chiara
FIKSU Communications
917-975-1863
chiarat@fiksucomms.com

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