When technology advances rapidly, certain aspects need to be developed before the technology, as a whole, can advance. The company that makes this happen is often the company that leads the field. It is also the company that has the best chance of capitalizing on that part of the technology.
Sunovia Energy Tech. Inc., a development stage solar material backing company, is working on several levels to offer solar applications ranging from infra-red (IR) to solar lighting. The company is currently working with US Department of Defense development contracts and special Congressional funding for an IR project.
The company is succeeding at this IR project through its in-house development team and its significant equity position in EPIR Technologies Inc – a recognized world leader in IR research. With assistance from congressional funds and mezzanine financing of approximately $12 million, the companies expect to have a scalable manufacturing facility for these IR products in 12 months. Further applications directed toward LED, photovoltaics and other solar products will advance either in tandem with the IR project or shortly thereafter.
Sunovia Energy Tech. is clearly at the cutting edge of solar oriented applications. It has undertaken a rather interesting approach in that it is jumping ahead with its research to more efficiently serve the market needs of today and tomorrow. In its overall business model, it will work to serve utility firm’s needs on a larger scale at first and then other needs such as LED, signage and lighting second. Its current lighting products appear to be longer lasting and well suited for commercial needs.
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