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FTL Solar Awarded Second $250,000 NYSERDA Development Grant

2008-07-28 07:30:00

FTL Solar Awarded Second $250,000 NYSERDA Development Grant

 PV Technology Leader Uses Funds to Produce Next Generation of Clean Energy

                                  Products



    NEW YORK, July 28 /EMWNews/ -- FTL Solar, the creator and leading

developer of photovoltaic power technologies integrated within lightweight,

flexible materials enabling portable, scaleable sources of energy and

shelter, announced today that the Company has received a second $250,000

development grant from The New York State Energy Research and Development

Authority (NYSERDA).



    The funding will be used to accelerate development of PowerPark, (TM) a

series of scalable parking structures featuring sustainable energy

generation capabilities.



    "Receiving the second NYSERDA grant means that the agency has awarded a

total of $450,000 to FTL Solar -- and their support has helped accelerate

our technology and product development," said Robert Lerner, FTL Solar's

Co-Founder and Chief Technology Officer.



    "The NYSERDA funding, together with the success of our Series A

capital-raise, shows a tremendous amount of investor and governmental

confidence in FTL Solar's technological innovation and market leadership,"

said Tony Saxton, CEO of FTL Solar. "PowerPark(TM) and our other products

provide FTL Solar clients with structural and power generation solutions

that are clean, sustainable and adaptable to every possible environment and

mission."



    ABOUT FTL SOLAR:



    FTL Solar is the world's first creator of flexible, tensile structures

integrated with thin film solar cells, which can be used for

power-generation and shelter. FTL Solar is an independent spin-off of FTL

Design Engineering Studio, founded in 1977 by Todd Dalland. In 1998, FTL

Design Engineering Studio designed and produced the world's first tensile

structure featuring thin film solar cell technologies. The Company enjoys a

30-year leadership position in the manufacture of tensile structures and

has been the world's leading provider of flexible photovoltaic fabrics

since 1998.



    FTL licensed product designs have generated more than $2 billion

dollars in sales. The Company has received over 50 design awards. FTL

technologies have been featured on CNN, NBC Weekend Today, The Science

Channel and The Discovery Channel. Discover how FTL Solar products generate

power that is sustainable, secure and independent at:

http://www.ftlsolar.com





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